(a) If a public agency or nonprofit organization is unable, due to limited financial resources or other circumstances, to acquire, hold, protect, or use an interest in real property for a purpose provided in Section 31351, the conservancy may do either of the following:
(1) Award a grant to the public agency or nonprofit organization for a purpose provided in Section 31351.
(2) Acquire and hold the interest for subsequent conveyance to an appropriate public agency or nonprofit organization.
(b) The conservancy may provide the technical assistance required to aid a public agency or nonprofit organization in completing the acquisition or related functions described in subdivision (a).