Implementation phase.

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

Effective 5/14/2019
26-63-402. Implementation phase.
  • (1) If all of the conditions described in Subsection 26-63-401(3) are satisfied, and after the department has made the report described in Subsection 26-63-302(2), the department shall enter into a pay-for-success contract with a programmatic intermediary entity, an independent evaluator, and investors to provide the services required under Section 26-63-203.
  • (2) The department shall make success payments from the restricted account to investors in accordance with the terms of the pay-for-success contract.
  • (3) The program shall operate for six years.




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