Utah Code 11-44-302. Annual reports
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Terms Used In Utah Code 11-44-302
- Cost savings: means a decrease in an expenditure, including a future replacement expenditure, by a political subdivision resulting from a performance efficiency measure adopted under this chapter. See Utah Code 11-44-102
- Performance efficiency agreement: means an agreement between a political subdivision and a qualified performance efficiency service provider for evaluation, recommendation, and implementation of one or more performance efficiency measures. See Utah Code 11-44-102
- Qualified performance efficiency service provider: means a person who:
(a) has a record of successful performance efficiency agreements; or (b) has: (i) experience in the design, implementation, and installation of performance efficiency measures; (ii) technical capabilities to ensure that a performance efficiency measure generates cost savings; and (iii) the ability to secure the financing necessary to support the proposed performance efficiency measure. See Utah Code 11-44-102 11-44-302. Annual reports.
During the term of a performance efficiency agreement, the qualified performance efficiency service provider shall submit an annual report to the political subdivision that provides the cost savings attributable to the performance efficiency measures taken by the political subdivision.Amended by Chapter 181, 2015 General Session