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   The conservancy shall do all of the following:
(a) Establish policies and priorities regarding the territory
within the Baldwin Hills area, and conduct any necessary planning
activities in accordance with the purposes set forth in Section
32555.
(b) Give priority to related projects that create expanded
opportunities that provide recreation, aesthetic improvement, and
wildlife habitat in the Baldwin Hills area.
(c) Approve conservancy-funded projects that advance the policies
and priorities set forth in this division.
(d) Review the master plan required pursuant to subdivisions (b)
and (c) of Section 1 of Chapter 752 of the Statutes of 1999 and
implement prioritization for the acquisition and operation of
additional recreational and open-space needs, including additional or
upgraded facilities and parks that may be necessary or desirable.