A local government may use any savings realized throughout the term of a performance contract to: 1. Make any payments required under the performance contract, including, without limitation, the payment of finance charges; and 2. Reinvest into other operating cost-savings measures provided the local government: (a) Is satisfying all its other obligations under the performance contract; and (b) Complies with the requirements of NRS 332.300 to 332.440 , inclusive, when reinvesting the savings into other operating cost-savings measures.
‹ Prev All Nevada sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.