(1) With respect to each acquisition, the commission must consider:

(a) whether the property represents the state's culture and history;

(b) whether the property can become self-supporting;

(c) whether the property can contribute to the economic and social enrichment of the state;

(d) whether the property lends itself to programs to interpret Montana history;

(e) whether the acquisition will create significant social and economic impacts to affected local governments and the state; and

(f) other matters that the commission considers necessary and appropriate.

(2) With respect to the proposed acquisition of real property, public notice and the opportunity for hearing will be given in the geographical area of the proposed acquisition.

(3) After notice has been given, the public hearing will be held in the general geographic area where the property considered for acquisition is located.

(4) The commission shall make the final decision as to whether or not to acquire personal property. With respect to the acquisition of real property, the commission shall make the final decision of whether or not to recommend the acquisition to the Board of Land Commissioners.