"Success contract" defined.

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As used in this section and NRS 232.3602 and 232.3603, unless the context otherwise requires, "success contract" means a contract between the Director and a person or local government that provides for the person or local government to:

1. Provide or arrange for the provision of services;

2. Finance the cost of those services by soliciting investments; and

3. Receive payment upon the achievement of specified objectives.

(Added to NRS by 2017, 3191)


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