(a) The administrator shall fund only those projects approved by the Environmental Enhancement Committee.
(b) For the purposes of this article, an enhancement project is a project that acquires habitat for preservation, or improves habitat quality and ecosystem function above baseline conditions, and that meets all of the following requirements:
(1) Is located within or immediately adjacent to California marine waters, as defined in subdivision (i) of Section 8670.3.
(2) Has measurable outcomes within a predetermined timeframe.
(3) Is designed to acquire, restore, or improve habitat or restore ecosystem function, or both, to benefit fish and wildlife.