(1) If all of the conditions described in Subsection 26-63-401(3) are satisfied, and after the department has made the report described in Subsection 26-63-302(2), the department shall enter into a pay-for-success contract with a programmatic intermediary entity, an independent evaluator, and investors to provide the services required under Section 26-63-203.
(2) The department shall make success payments from the restricted account to investors in accordance with the terms of the pay-for-success contract.
(3) The program shall operate for six years.
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