(a) In choosing lands, waters, and interests therein for acquisition for the system, the Arkansas Natural Heritage Commission shall observe the policies set forth in § 15-20-302.
(b) The following categories of real property shall be eligible for inclusion in the system:
(1) Areas representative of the various types of lands and habitats typical of those portions of the state still substantially untrammeled by the works of humans;
(2) Areas of substantially undisturbed natural quality;
(3) Areas containing habitat for rare, vanishing, or endangered species, subspecies, or populations of animals or plants;
(4) Areas of unusual aesthetic or ecological quality along the banks of rivers, lakes, or streams;
(5) Areas in private ownership within the boundaries of national forests, wildlife refuges, state wildlife management areas, or similar publicly owned or administered areas;
(6) Swamps, overflow lands, flood plains, or wetlands of unusual aesthetic or ecological quality;
(7) Areas necessary or desirable to serve as buffer zones to protect other portions of the system; and
(8) Any other lands, waters, or interests therein listed in the Registry of Natural Areas.
(c) No acquisition of lands, waters, or any interests therein, whether by dedication or otherwise, shall become effective until after the Governor shall have received thirty (30) days' notice in writing.