Nevada § 332.410 Use of savings realized throughout term of contract

Nevada Statutes

§ 332.410 — Use of savings realized throughout term of contract

Nevada § 332.410

Title 27PUBLIC PROPERTY AND PURCHASING

Ch. 332Purchasing:

PERFORMANCE CONTRACTS FOR OPERATING COST-SAVINGS MEASURES

This text of Nevada § 332.410 (Use of savings realized throughout term of contract) 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. § 332.410 (2026).

Text

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.

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

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.