Funds from the trust shall be used to carry out the purposes of this chapter as follows:

(1)  The administrative, personnel and equipment expenses required to carry out the activities of the program as described in this chapter. The council shall be responsible for submitting annual budget requests for its administrative and implementation costs of the program;

(2)  The design, planning, construction, and monitoring of coastal and estuarine restoration projects as described in § 46-23.1-5; and

(3)  Restoration projects that are not identified by the statewide coastal and estuary habitat restoration plan nor approved through the restoration grants process shall not be eligible for funding under this program.