1.  The Governor shall approve an application made pursuant to NRS 237A.060 and certify a trade district if:

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(a) All of the requirements imposed by federal law for the establishment and administration of such a district are met;

(b) The application and certification comply with the applicable provisions of the law of this State; and

(c) The welfare of this State is advanced by the certification of such a district.

2.  If a trade district is certified pursuant to subsection 1, the Governor shall designate a proper authority to administer the district.