(1)The council shall:
(1)(a) coordinate and facilitate electrical energy project development, including:
(1)(a)(i) site identification and permitting;
(1)(a)(ii) early site preparation work;
(1)(a)(iii) infrastructure improvements;
(1)(a)(iv) project financing assistance; and
(1)(a)(v) stakeholder coordination;
(1)(b) assess and facilitate electrical energy infrastructure development by:
(1)(b)(i) evaluating infrastructure needs and opportunities;
(1)(b)(ii) coordinating with transmission and pipeline developers;
(1)(b)(iii) supporting utility planning efforts; and
(1)(b)(iv) coordinating with federal agencies;
(1)(c) establish and implement:
(1)(c)(i) strategic plans for energy development;
(1)(c)(ii) frameworks for stakeholder engagement;
(1)(c)(iii) processes for designating electrical
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(1) The council shall:
(1)(a) coordinate and facilitate electrical energy project development, including:
(1)(a)(i) site identification and permitting;
(1)(a)(ii) early site preparation work;
(1)(a)(iii) infrastructure improvements;
(1)(a)(iv) project financing assistance; and
(1)(a)(v) stakeholder coordination;
(1)(b) assess and facilitate electrical energy infrastructure development by:
(1)(b)(i) evaluating infrastructure needs and opportunities;
(1)(b)(ii) coordinating with transmission and pipeline developers;
(1)(b)(iii) supporting utility planning efforts; and
(1)(b)(iv) coordinating with federal agencies;
(1)(c) establish and implement:
(1)(c)(i) strategic plans for energy development;
(1)(c)(ii) frameworks for stakeholder engagement;
(1)(c)(iii) processes for designating electrical energy development zones; and
(1)(c)(iv) criteria for evaluating proposed electrical energy development zones;
(1)(d) review and approve:
(1)(d)(i) research project proposals from the board; and
(1)(d)(ii) funding allocations recommended by the board;
(1)(e) consult with state land use authorities regarding:
(1)(e)(i) identification of state lands suitable for electrical energy development;
(1)(e)(ii) designation of electrical energy development zones; and
(1)(e)(iii) opportunities for coordinated development of electrical energy projects on state lands;
(1)(f) administer the Electrical Energy Development Investment Fund created in Section 79-6-1105;
(1)(g) make recommendations regarding electrical energy policy to state and local governments;
(1)(h) identify and recommend solutions to barriers affecting electrical energy development;
(1)(i) assess and address potential public health impacts of electrical energy development zones;
(1)(j) enter into contracts necessary to fulfill the council's duties;
(1)(k) report annually by October 31 to the Public Utilities, Energy, and Technology Interim Committee and the Natural Resources, Agriculture, and Environment Interim Committee regarding:
(1)(k)(i) the council's activities;
(1)(k)(ii) energy development opportunities;
(1)(k)(iii) infrastructure needs;
(1)(k)(iv) the status of designated electrical energy development zones;
(1)(k)(v) recommendations for how the property tax differential revenue collected under Section 79-6-1104 should be divided and distributed between the state, counties, and municipalities;
(1)(k)(vi) investment decisions made by the council; and
(1)(k)(vii) recommended policy changes;
(1)(l) create and implement a strategic plan for a decommissioned asset, taking into consideration:
(1)(l)(i) the state energy policy, as provided in Section 79-6-301;
(1)(l)(ii) reliability of electrical generation; and
(1)(l)(iii) economic viability;
(1)(m) establish policies and procedures for the management of a decommissioned asset;
(1)(n) administer contracts for the management and operations of a decommissioned asset;
(1)(o) enter into contracts necessary for the operation and management of a decommissioned asset;
(1)(p) acquire, hold, and dispose of property related to a decommissioned asset;
(1)(q) select an operator for a decommissioned asset as provided in Section 79-6-1107; and
(1)(r) report annually to the Legislative Management Committee regarding:
(1)(r)(i) the status and progress of the asset transfer;
(1)(r)(ii) operational and financial status of the asset under council control;
(1)(r)(iii) status of the operator contract;
(1)(r)(iv) environmental compliance status; and
(1)(r)(v) recommendations for legislation.
(2) The council shall negotiate with the applicable county or municipality regarding the distribution of property tax differential revenue collected under Section 79-6-1104.
(3) Any portion of the property tax differential that is not distributed to the council shall be distributed to the applicable county or municipality for impact mitigation and affordable housing.
(4) (4)(a) The portion of the property tax differential that is distributed to the municipality shall be used for:
(4)(a)(i) at least 10% of the total distribution shall be used for affordable housing programs; and
(4)(a)(ii) the remaining portion shall be used to mitigate impacts within the municipality resulting from electrical energy development.
(4)(b) The portion of the property tax differential that is distributed to the county shall be used for:
(4)(b)(i) at least 10% of the total distribution shall be placed in a registered non-profit established to administer housing programs on behalf of an association representing 10 or more counties in the state; and
(4)(b)(ii) the remaining portion shall be used to mitigate impacts within the county resulting from electrical energy development.
(5) If the council acquires a project entity asset under Section 11-13-318, the council shall enter into an agreement with the project entity that:
(5)(a) provides for the transfer, disposition, and future operation of the asset; and
(5)(b) ensures the transfer, disposition, and future operation does not interfere with the project entity's ownership or operation of electrical generation facilities powered by natural gas, hydrogen, or a combination of natural gas and hydrogen.