The governing body of an incorporated city may prohibit by ordinance any waste of water within its jurisdiction. Any ordinance adopted under this section may:
1. Classify the conditions under which specified kinds and amounts of consumption or expenditure of water are wasteful;
2. Provide for reasonable notice of which of such conditions, if any, exist in the city;
3. Allow any person, group of persons, partnership, corporation or other business or governmental entity which:
(a) Furnishes water to persons within the city for business, manufacturing, agricultural or household use; and
(b) Is not a public utility regulated by the Public Utilities Commission of Nevada,
Ê to reduce or terminate water service to any customer or user who wastes water, according to reasonable standards adopted by the board; and
4. Provide other appropriate penalties for violation of the ordinance which are based upon the classification adopted under subsection 1.