(a) The authority shall maintain records of power project allocations from the fund for each power project
(1) approved in accordance with former AS 44.83.185; and
(2) for which an allocation is made from an appropriation made by the legislature without specifying an appropriation to a project.
(b) Income earned from investment of money appropriated to the fund shall be deposited in the general fund and may be appropriated to the fund by the legislature.