The Secretary shall approve or reject an application for designation of a RISE Zone, including approval or modification of the proposed boundaries of the RISE Zone, within 120 days after the submission of the application. The Secretary shall notify the Legislative Policy Committee at least 45 days before approval or rejection of the application. The Legislative Policy Committee may provide advice to the Secretary regarding the approval or rejection of the RISE Zone or the boundaries of the RISE Zone proposed by the Secretary. The Secretary may consult with the Maryland Department of Planning and other State agencies before the designation of a RISE Zone.