Delaware Code Title 29. State Government § 6990. Definitions

(1) “Outcome payment” means the money paid when a pay for success contract performance measure is met.

(2) “Pay for success contract” means a written agreement to provide a program, service, or economic development initiative, under which an investor provides funding that a state agency agrees to repay to the investor if the service, program, or economic development initiative meets the performance measures and outcomes in the agreement.

(3) “Program intermediary” means a firm that contracts with a state agency to establish and deliver a service, program, or economic development initiative by doing any of the following: