(1) Money in the account is to be used, subject to appropriation, for:
(a) income tax relief;
(b) development of generational water infrastructure;
(c) facilitating preservation of the Great Salt Lake watershed, as described in Title 73, Chapter 10g, Part 4, Great Salt Lake Watershed Integrated Water Assessment;
(d) regionally significant transit development and regionally significant transit infrastructure; and
(e) development of energy resources, as described in Title 79, Chapter 6, Utah Energy Act.
(2) Money in the account that is derived from a local source may not be used in an area outside the area in which the money was generated unless the money is used for a purpose described in Subsection (1).