The conservancy may take any of the following actions for the purposes of this division:

1. (a) Select and acquire real property or interests in real property in the name of the state pursuant to the Property Acquisition Law (Part 11 (commencing with Section 15850) of Division 3 of Title 2 of the Government Code). The conservancy may coordinate the acquisition with public agencies or partner organizations if the site is under immediate development pressure.
2. (b) Acquire interests in land by various means, including, but not limited to, land exchanges, easements, development rights, life estates, leases, and leaseback agreements.
3. (c) Accept and hold real property or an interest in real property that is acquired through acquisition, gift, exchange, donation, or dedication.
4. (d) Local public agencies shall retain exclusive authority over all zoning or land use regulations within their jurisdiction.