1. A business entity may:
(a) Within the area of operation of the Authority:
(1) Prepare, carry out, operate and otherwise manage housing projects; and
(2) Provide for the construction, reconstruction, improvement, extension, alteration or repair of any such project or any part thereof.
(b) Enter into a public-private partnership to finance a housing project.
(c) Construct or operate a housing project for profit.
2. The meetings of a business entity are not subject to the provisions of chapter 241 of NRS.