Pay-for-success contract -- Success payments -- Outcome measures.

Checkout our iOS App for a better way to browser and research.

Affected by 63I-1-226 on 7/1/2026

Effective 5/14/2019
26-63-301. Pay-for-success contract -- Success payments -- Outcome measures.
  • (1) shall include at least all of the following as parties to the contract:
    • (a) the department;
    • (b) an independent evaluator;
    • (c) a programmatic intermediary entity; and
    • (d) an investor;
  • (2) shall include clear performance outcome measures that trigger a success payment;
  • (3) shall establish a payment schedule for investors if the performance outcome measures are achieved;
  • (4) shall only allow repayment with funds appropriated from the restricted account;
  • (5) shall prohibit civil action by investors against the state if a success payment is not made because performance outcome measures are not achieved; and
  • (6) may not, under any circumstance, cause the total outstanding obligations under this chapter to exceed $25,000,000.




Download our app to see the most-to-date content.