1. A board of county commissioners may sell or lease:
(a) A right-of-way to a public utility as defined in NRS 704.020; and
(b) Water rights to a public utility engaged in the business of furnishing water for municipal, industrial and domestic purposes to customers within the boundaries of the county,
Ê without first offering those rights-of-way or water rights to the public.
2. If a public utility wishes to dispose of any right-of-way or water right acquired pursuant to subsection 1, it must be reconveyed to the county.