79-6-1106. Authorized uses of fund money.
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Effective 7/1/2026
79-6-1106. Authorized uses of fund money.
(a)Subject to legislative appropriation, the council may use fund money to:
(i)facilitate electrical energy infrastructure development within the state, including:
(A)transmission and distribution lines;
(B)pipeline development;
(C)energy storage facilities;
(D)generation facilities;
(E)related infrastructure;
(F)to fund research, site selection, permitting, public outreach, and other activities related to the development of nuclear energy; and
(G)district energy systems as defined in Section 79-6-602 ;
(ii)provide matching funds for federal energy development grants;
(iii)support energy workforce development programs;
(iv)provide incentives for electrical energy development projects;
(v)pay for administrative expenses related to the council's duties; and
(vi)provide project financing and matching grants for entities participating in a campus as described in Section 79-6-1504 .
(b)Except as provided in Subsection
(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.
(2)Subject to legislative appropriation, the Department of Environmental Quality created in Section 19-1-104 may use up to 10% of fund money derived from the radioactive waste facility expansion tax revenue collected under Section 59-24-103.8 for energy-related permitting reforms.
Amended by Chapter 379 , 2026 General Session