Section 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; and2. 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, 2559Amended by 2021, Ch. 396,§1, eff. 7/1/2021.Added to NRS by 2003, 3053; A 2009, 969