Financial assistance may be provided to any applicant for the following types of projects or combinations thereof if they are in accordance with the state comprehensive outdoor recreation plan:
(1) Payments for the acquisition of land, waters or interest in land or waters but not including incidental costs relating to acquisition.
(2) Payments for development of recreation facilities to serve the general public, including the development of state lands.
Lands under lease for recreational development must be for a minimum of twenty-five years. Lands acquired with funds under this chapter must be dedicated to recreational use.