(1) The council may use fund money to:
(a) facilitate electrical energy infrastructure development within the state, including:
(i) transmission and distribution lines;
(ii) pipeline development;
(iii) energy storage facilities;
(iv) generation facilities;
(v) related infrastructure; and
(vi) to fund research, site selection, permitting, public outreach, and other activities related to the development of nuclear energy;
(b) provide matching funds for federal energy development grants;
(c) support energy workforce development programs;
(d) provide incentives for electrical energy development projects;
(e) pay for administrative expenses related to the council's duties; and
(f) provide project financing and matching grants for entities participating in a campus as described in Section 79-6-1504.
(2) Fund money derived from the radioactive waste facility expansion tax revenue collected under Section 59-24-103.8 is prioritized for activities related to the development of nuclear energy.