Notwithstanding the provisions of Title 4, Subtitle 4, Part III of the State Finance and Procurement Article, and subject to the availability of funds and in accordance with other provisions of this subtitle regarding the Historic St. Mary’s City Commission, the Commission may enter into agreements with preservation land trusts, foundations, and other entities for the purpose of acquiring title to or an interest in property in Historic St. Mary’s City that is owned by such an entity or on which the entity holds an option or a contract to purchase.