(a) Money in the account may be used for:
(1) any action authorized by this subchapter; and
(2) the administration of the coastal management program as provided in Subchapter F.
(b) The commissioner must approve an expenditure from the account. In determining whether to approve an expenditure for a study or project, the commissioner shall consider:
(1) the amount of money in the account;
(2) the feasibility and cost-effectiveness of the study or project;
(3) the locations of other existing or proposed erosion response projects;
(4) the needs in other critical coastal erosion areas;
(5) the effect of the study or project on public or private property; and
(6) if the site to be studied or project to be conducted will be located within the jurisdiction of a local government subject to Chapter 61 or 63:
(A) whether the local government is adequately administering those chapters; and
(B) the plan for reducing public expenditures for erosion and storm damage losses prepared by the local government under Section 33.607.