1. The Authority may, to carry out its duties set forth in NRS 422.27172 to 422.27179, inclusive, and 422.401 to 422.406, inclusive, and to administer the provisions of those sections:
(a) Adopt regulations; and
(b) Enter into contracts for any services.
2. Any regulations adopted by the Authority pursuant to NRS 422.27172 to 422.27179, inclusive, and 422.401 to 422.406, inclusive, must be adopted in accordance with the provisions of chapter 241 of NRS.