(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. (1) Award a grant to the public agency or nonprofit organization for a purpose provided in Section 31351.
2. (2) Acquire and hold the interest for subsequent conveyance to an appropriate public agency or nonprofit organization.