Okla. Stat. tit. 62 § 9010.3

Current through Laws 2024, c. 453.

Section 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 a pay-for-success contract to be paid when specified performance targets and outcome measures are met.

Okla. Stat. tit. 62, § 9010.3

Added by Laws 2019 , c. 202, s. 3, eff. 11/1/2019.