(a) Appropriate staff shall develop a one-year capital plan, including associated financing, that is integrated with the budget of the authority.
(b) The port commission shall adopt the one-year capital plan in an open meeting.
(c) The port commission shall establish and document a detailed process for the analysis and approval of a project proposed for inclusion in the one-year capital plan. A project may be included in the one-year capital plan only if it is approved in accordance with that process.