ACQUISITION OF HISTORIC SITES

(a) The commission may acquire by purchase, gift, or other manner historic sites: (1) where events occurred that represent an important aspect of the cultural, political, economic, military, or social history of the nation or state; (2) significantly associated with the lives of outstanding historic persons or with an important event that represents a great ideal or idea; (3) embodying the distinguishing characteristics of an architectural type that is inherently valuable for study of a period, style, or method of construction; (4) that contribute significantly to the understanding of aboriginal humans in the nation or state; or (5) that are of significant geologic interest relating to prehistoric animal or plant life. (b) The commission shall restore and maintain each historic site acquired under this section for the benefit of the general public. The commission may enter into interagency contracts and contracts with other persons, including for-profit corporations, for this purpose. (c) The commission shall formulate plans for the preservation and development of historic sites. Before formulating a plan for a specific site, the commission shall conduct an archeological survey of the site. In formulating plans, the commission shall: (1) consider the results from the archeological survey for the site if the plan is for a specific site; and (2) consider the resources necessary to manage a site.