(1) There is created a special account in the state treasury to be administered by the office of the comptroller of the treasury and to be known as the energy policy development resources fund, referred to in this section as the “energy resources fund.”
(2) The comptroller may disburse moneys in the energy resources fund to the council for the following purposes: Developing the comprehensive state energy policy plan, as prescribed in § 68-204-103;
(3) In furtherance of the purposes of this chapter; and
(4) To offset the cost of administering this chapter.
(5) A grant from the energy resources fund shall be disbursed in an annual amount of fifty thousand dollars ($50,000). It is the legislative intent that the annual amount be appropriated each fiscal year in the general appropriations act for awarding a grant.