NRS 333A.130 – Monitoring of cost savings attributable to operating cost-savings measures.
1. During the term of a performance contract, the qualified service company shall monitor the reductions in energy or water consumption and other operating cost savings attributable to the operating cost-savings measure purchased or installed under the performance contract, and shall prepare and provide a report to the using agency documenting the performance of the […]
NRS 333A.140 – Information concerning performance contract provided to Office of Energy.
A qualified service company shall provide to the Office of Energy information concerning each performance contract which the qualified service company enters into pursuant to this chapter, including, without limitation, the name of the project, the using agency for which the project is being carried out and the expected operating cost savings. The Office of […]
NRS 333A.150 – Financial mechanisms to guarantee operational cost savings are realized.
A performance contract must include appropriate financial mechanisms determined to be necessary by the State Treasurer to guarantee that operating cost savings are realized by the using agency if the actual cost savings do not meet the predicted cost savings. (Added to NRS by 2003, 3059)
NRS 333A.0914 – Other statutory provisions applicable to refunding obligations.
Except as otherwise provided in NRS 333A.0906 to 333A.0916, inclusive, the relevant provisions elsewhere herein appertaining generally to the issuance of obligations to defray the cost of any operating cost-savings measure are equally applicable in the authorization and issuance of refunding obligations, including, without limitation, their terms and security, the covenants and other provisions of […]
NRS 333A.0916 – Conditions for refunding obligations.
1. An obligation may not be refunded pursuant to NRS 333A.0906 to 333A.0916, inclusive, unless the holder of the obligation voluntarily surrenders the obligation for exchange or payment, or unless the obligation matures or is callable for prior redemption under its terms within 25 years after the date of issuance of the refunding obligations. Provision […]
NRS 333A.0918 – Conclusive determination of using agency that statutory limitations have been met.
The determination of the using agency that the limitations imposed upon the issuance of obligations pursuant to this chapter, including, without limitation, any obligations for funding or refunding obligations, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion regardless of whether the authorizing resolution or the […]
NRS 333A.092 – Recital in resolution as conclusive evidence of validity of obligation.
A resolution providing for the issuance of a performance contract, including, without limitation, an installment-purchase contract or lease-purchase contract or other proceedings appertaining thereto, may provide that the obligations contain a recital that the obligations are issued pursuant to this chapter, which recital is conclusive evidence of the validity of the obligations. (Added to NRS […]
NRS 333A.100 – Indebtedness of State under contract; term of contracts.
1. Notwithstanding any provision of this chapter to the contrary, a performance contract entered into pursuant to this chapter does not create a debt for the purposes of Section 3 of Article 9 of the Nevada Constitution. 2. Except as otherwise provided in this section, the term of a performance contract may extend beyond the […]
NRS 333A.110 – Period over which payments become due.
1. A performance contract must provide that all payments, other than any obligations that become due if the contract is terminated before the contract expires, must be made over time. 2. The period over which payments are made on a performance contract must equal the period over which the operating cost savings are amortized. Payments […]
NRS 333A.120 – Prevailing wage requirement.
If a performance contract entered into pursuant to this chapter requires the employment of skilled mechanics, skilled workers, semiskilled mechanics, semiskilled workers or unskilled labor to perform the performance contract, the performance contract must include a provision relating to the prevailing wage as required pursuant to NRS 338.013 to 338.090, inclusive. The using agency, the […]