The three Nevada State Commissioners, acting jointly:

1.  Shall:

(a) Choose from among Nevada residents who apply for a program administered by the Nevada Office, and have at least 1 year’s residence in this state immediately before applying for the program, those most qualified to participate in a program administered by the Nevada Office.

(b) Compile a list of Nevada applicants for programs administered by the office of the Western Interstate Commission for Higher Education established pursuant to Article 7 of the Compact and transmit the list to that office.

2.  May enter into any reciprocity agreement, including, without limitation, the State Authorization Reciprocity Agreement as implemented by the Western Interstate Commission for Higher Education, for the purpose of authorizing a postsecondary educational institution that is located in another state or territory of the United States to provide distance education to residents of this State if the requirements contained in the agreement for authorizing a postsecondary educational institution that is located in another state or territory of the United States to provide distance education to residents of this State are substantially similar to the requirements for licensure of a postsecondary educational institution by the Commission on Postsecondary Education pursuant to NRS 394.383 to 394.560, inclusive. As used in this subsection, ‘postsecondary educational institution’ has the meaning ascribed to it in NRS 394.099.