§62-9010.1. Short title – Pay for Success Act.
This act shall be known and may be cited as the “Pay for Success Act”. Added by Laws 2019, c. 202, § 1, eff. Nov. 1, 2019.
§62-9010.2. Legislative intent.
A. It is the intent of the Legislature, through enactment of the Pay for Success Act, to: 1. Authorize innovation opportunities in the form of pay-for-success contracts and authorize success payments to be made from appropriated or other agency funds; 2. Address outcomes that span the mission and purpose of multiple agencies; and 3. Provide […]
§62-9010.3. Definitions.
As used in the Pay for Success Act: 1. “Pay–for-success contract” or “contract” means a written agreement executed in order to create a public-private partnership contingent upon a specified service or program meeting specified performance targets and outcome measures; and 2. “Success payment” means a single payment or schedule of payments that is identified in […]
§62-9010.4. Pay-for success contract requirements.
A. An agency or agencies may enter into a pay-for-success contract with a private entity or entities to receive up-front capital to fund a service or program. The agency or agencies may not enter into a pay-for-success contract until each state agency head entering into the contract determines with reasonable certainty that the contract will […]
§62-9010.5. Pay for Success Innovation Fund.
A. There is hereby created in the State Treasury a revolving fund for the Office of Management and Enterprise Services to be designated the “Pay for Success Innovation Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies designated by state agencies to the Pay […]
§62-3110. Retirement bills having fiscal impact – Consideration following actuarial investigation – Procedure – Amendments.
A. When a retirement bill having a fiscal impact has had an actuarial investigation pursuant to Section 3109 of this title, the bill may be considered at the next regular session of the Legislature. If the bill as originally introduced was not changed by the committee and the original version was submitted to the Legislative […]
§62-8013. Oversight committee.
A. There is hereby created within the Legislature a committee to oversee the operations of the Legislative Office of Fiscal Transparency. The committee shall consist of fourteen (14) members, as follows: 1. Seven members of the Senate, at least two of whom shall be members of the minority party, to be appointed by the President […]
§62-3111. Retirement bills having a fiscal impact – Effective dates – Appropriations – Other funding.
A. Any retirement bill having a fiscal impact which is enacted by the Legislature and which is approved by the Governor or which otherwise becomes law shall become effective on the first day of July immediately following the regular session during which it was enacted, but only if the enacted bill is concurrently funded as […]
§62-8014. Agencies and institutions to furnish information and cooperate.
A. Each agency or institution of the state shall, upon request, furnish and make available to the Legislative Office of Fiscal Transparency all records, documents, materials, personnel, information or other resources as the Office deems necessary to conduct performance evaluations as required by this act. Any record, document, material or other information made confidential by […]
§62-3112. Retirement bills having a fiscal impact – Concurrent funding determination by State Board of Equalization – Procedure.
A. Following the close of each regular legislative session during which retirement bills having a fiscal impact may be enacted, the State Board of Equalization shall make a determination for each such bill enacted during such session, which is not vetoed by the Governor, of whether or not provision has been made for the concurrent […]