1. One or more participating entities may apply to the Office to create, operate and maintain an inland port or industrial park and authority. In a county whose population is 700,000 or more, only the board of county commissioners of the county may apply to the Office to create, operate and maintain an inland port or industrial park and authority within the boundaries of the county, including the boundaries of any incorporated city within the county.
2. A participating entity is eligible to apply to the Office pursuant to subsection 1 if the county or incorporated city, as applicable, of the participating entity is located in whole or in part within the proposed boundaries of the inland port or industrial park.
3. The Office may:
(a) Approve the creation of an inland port or industrial park and authority if the Office determines that the proposed inland port or industrial park and authority will serve the economic interests of this State.
(b) With the approval of the Board of Economic Development created by NRS 231.033, initiate the creation of an inland port or industrial park, as applicable, and authority.