Nevada § 332.380 - Period over which payments become due
Full text of Nevada Nevada Revised Statutes § 332.380 — Period over which payments become due, with citation guidance and answers to common questions.
§ 332.380. 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. Except as otherwise provided in this subsection, a performance contract, and the
payments provided thereunder, may extend beyond the fiscal year in which the performance
contract becomes effective for costs incurred in future fiscal years. The performance contract may extend for a term not to exceed 25 years. The length of a performance contract may reflect the useful life of the operating
cost-savings measure being installed or purchased under the performance contract. 3. The period over which payments are made on a performance contract must equal the
period over which the operating cost savings are amortized. Payments on a performance contract must not commence until the operating cost-savings
measures have been installed by the qualified service company.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 332.380
What does Nevada Revised Statutes § 332.380 cover?
Section 332.380 ("Period over which payments become due") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 332.380?
A common citation format is "Nevada Revised Statutes § 332.380" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 332.380 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.