NRS 332.431
Duty of local governments to report to Legislature.

1.

Each local government that enters into a performance contract pursuant to NRS 332.300 to 332.440, inclusive, shall, on or before February 1 of each year, prepare and submit a report to the Director of the Legislative Counsel Bureau for transmittal to the Legislature if the Legislature is in session, or to the Interim Finance Committee if the Legislature is not in session.

2.

The report required pursuant to subsection 1 must include, without limitation:

(a)

The status of the construction and financing of the operating cost-savings measures described in the performance contract.

(b)

The cumulative amount of operating cost-savings that have resulted from the operating cost-savings measures.

(c)

The amount of operating cost-savings that are projected for the future.

(d)

Any other information required by the Legislature or Interim Finance Committee.

Source: Section 332.431 — Duty of local governments to report to Legislature., https://www.leg.state.nv.us/NRS/NRS-332.html#NRS332Sec431.

332.300
Definitions. 332.310
“Building” defined. 332.320
“Operating cost savings” defined. 332.330
“Operating cost-savings measure” defined. 332.340
“Performance contract” defined. 332.350
“Qualified service company” defined. 332.351
Qualification as qualified service company 332.352
Criteria for qualification as qualified service company. 332.353
Additional circumstance in which person may be deemed qualified service company. 332.357
Duty of Office of Energy to provide information and educational resources 332.360
Authority of local government to enter into performance contract 332.362
Duty of board of trustees of school district to adopt policy concerning performance contracts 332.370
Financing and structure of performance contract. 332.371
Requirements for performance contract that guarantees operating cost savings. 332.380
Period over which payments become due. 332.390
Prevailing wage requirement 332.400
Rights of local government and qualified service company if insufficient money appropriated by local government to make payments. 332.410
Reinvestment of savings realized under contract. 332.420
Monitoring of cost savings attributable to operating cost-savings measures. 332.430
Qualified service company to provide information concerning performance contract to Office of Energy. 332.431
Duty of local governments to report to Legislature. 332.440
Financial mechanisms to guarantee operational cost savings are realized.

Last Updated

Feb. 5, 2021

§ 332.431’s source at nv.us

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Nevada runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://nevada.public.law/statutes/nrs_332.431

Original Source: Section 332.431 — Duty of local governments to report to Legislature., https://www.leg.state.nv.us/NRS/NRS-332.html#NRS332Sec431 (last accessed Feb. 5, 2021).