Financial mechanisms to guarantee operational cost savings are realized.

NRS 333A.150, under PURCHASING: STATE PERFORMANCE CONTRACTS FOR OPERATING COST-SAVINGS MEASURES.

NRS 333A.150

NRS 333A.150 Financial mechanisms to guarantee operational cost savings are realized. A performance contract must include appropriate financial mechanisms determined to be necessary by the State Treasurer to guarantee that operating cost savings are realized by the using agency if the actual cost savings do not meet the predicted cost savings. (Added to NRS by 2003, 3059)