(1) Using eligible funding sources, may purchase environmental outcomes, as defined in § 8-2A-01 of this title, that provide for cost-effective long-term or permanent green or blue infrastructure projects that:

(i) Improve the water quality of Maryland’s portion of the Chesapeake Bay; and

(ii) Are located in the Susquehanna River watershed; and

(2) Shall consult with the secretary of the environmental agency of the state in which the project is located to ensure that:

(i) The state supports the project; and

(ii) For the purchased environmental outcomes, there is mutual agreement as to the allocation of credits to the Chesapeake Bay total maximum daily load’s watershed implementation plans.