The department may disapprove the application for the acquisition of a conservation easement in any of the following circumstances:

1. (a) The application does not satisfy the eligibility criteria set forth in Section 12251 or selection criteria set forth in Section 12260.
2. (b) Clear title to the conservation easement cannot be conveyed.
3. (c) There is insufficient money in the fund to carry out the acquisition.
4. (d) Other acquisitions have a higher priority.
5. (e) Other relevant considerations established by the director.