“Operating cost savings” means any expenses that are eliminated or avoided on a long-term basis as a result of the installation or modification of equipment, or services performed by a qualified service company. The term does not include any savings that are realized solely because of a shift in the cost of personnel or other similar short-term cost savings.
NRS 332.320
Operating cost savings” defined
Known as the Local Government Purchasing Act
The act spans §§ 332–332 (56 sections).
(Added to NRS by 2003, 3049)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.