Use of savings realized throughout term of contract.

NRS 332.410 Use of savings realized throughout term of contract. 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. (Added to NRS by 2003, 3053; A 2009, 969; 2021, 2559)