(A) In addition to the other regulatory requirements in this chapter, designated watersheds shall have the regulatory requirements for land disturbing activities within the watershed clearly specified through a watershed master plan which includes nonpoint source pollution control, stormwater management, and flood control components. The watershed master plan for the designated watershed must contain the following information:

1. (1) stormwater quantity or quality problem identification;
2. (2) the overall condition and needs of the watershed, not just the additional impacts of new development activities;
3. (3) alternative approaches to address the existing and future problems;
4. (4) a defined approach which includes the overall costs and benefits;
5. (5) a schedule for implementation;
6. (6) funding sources and amounts; and
7. (7) a public involvement process which includes the establishment of a local watershed advisory committee and public hearing prior to approval by the department.