Reinvestment of savings realized under contract.

1. Law
2. Nevada Revised Statutes
3. Purchasing: Local Governments
4. Reinvestment of savings realized under contract.

A local government may reinvest any savings realized under a performance contract whenever practical into other operating cost-savings measures provided the local government:

1. Is satisfying all its other obligations under the performance contract; and

2. 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)

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