pay-for-performance beneficiary
Defined in 1 dictionary — U.S. Code
United States Code
16 U.S.C. § 8463 — in this section
The term "pay-for-performance beneficiary" means a State or local government, an Indian Tribe, or a nonprofit or for-profit organization that—
(A) repays capital loaned upfront by a pay-for-performance investor, based on a project outcome specified in a pay-for-performance agreement; or
(B) provides capital directly for costs associated with a pay-for-performance project.