Nevada § 332.380 Period over which payments become due

Nevada Statutes

§ 332.380 — Period over which payments become due

Nevada § 332.380

Title 27PUBLIC PROPERTY AND PURCHASING

Ch. 332Purchasing:

PERFORMANCE CONTRACTS FOR OPERATING COST-SAVINGS MEASURES

This text of Nevada § 332.380 (Period over which payments become due) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 332.380 (2026).

Text

1.A performance contract must provide that all payments, other than any obligations that become due if the contract is terminated before the contract expires, must be made over time.

2.Except as otherwise provided in this subsection, a performance contract, and the payments provided thereunder, may extend beyond the fiscal year in which the performance contract becomes effective for costs incurred in future fiscal years. The performance contract may extend for a term not to exceed 25 years. The length of a performance contract may reflect the useful life of the operating cost-savings measure being installed or purchased under the performance contract.

3.The period over which payments are made on a performance contract must equal the period over which the operating cost savings are amort

Free access — add to your briefcase to read the full text and ask questions with AI

1. A performance contract must provide that all payments, other than any obligations that become due if the contract is terminated before the contract expires, must be made over time.
2. Except as otherwise provided in this subsection, a performance contract, and the payments provided thereunder, may extend beyond the fiscal year in which the performance contract becomes effective for costs incurred in future fiscal years. The performance contract may extend for a term not to exceed 25 years. The length of a performance contract may reflect the useful life of the operating cost-savings measure being installed or purchased under the performance contract.
3. The period over which payments are made on a performance contract must equal the period over which the operating cost savings are amortized. Payments on a performance contract must not commence until the operating cost-savings measures have been installed by the qualified service company.