32. Constitution of State Biodiversity Fund
There shall be constituted a Fund to be called the State Biodiversity Fund and there shall be credited thereto —
any grants and loans made to the State Biodiversity Board under section 31;
any grants or loans made by the National Biodiversity Authority;
[(c) all sums including charges and benefit sharing amount received by the State Biodiversity Board and from such other sources as may be decided by the State Government;]
The State Biodiversity Fund shall be [utilised] for—
[(aa) channelling benefits to the benefit claimers;]
compensating or rehabilitating any section of the people economically affected by notification under sub-section (1) of section 37;
[(c) conservation, promotion and sustainable use of biological resources;]
socio-economic development of areas from where such biological resources or traditional knowledge associated thereto have been accessed in consultation with the Biodiversity Management Committee or local body concerned:
Provided that when it is not possible to identify the area from where the biological resources or associated knowledge have been accessed, the fund shall be utilised for socio-economic development of the area where such biological resources occur;
making grants or loans to the Biodiversity Management Committees;
the activities to meet the purposes of the Act.
Amendment notes (6)
- Subs w.e.f. 1-4-2024 . Subs. by Act 10 of 2023, s. 24, for clause (c) (w.e.f. 1-4-2024).
- Subs w.e.f. 1-4-2024 . Subs. by s. 24, ibid., for "applied" (w.e.f. 1-4-2024).
- Ins w.e.f. 1-4-2024 . Ins. by s. 24, ibid. (w.e.f. 1-4-2024).
- Subs w.e.f. 1-4-2024 . Subs. by s. 24, ibid., for clause (c) (w.e.f. 1-4-2024).
- Subs w.e.f. 1-4-2024 . Subs. by s. 24, ibid., for clause (d) (w.e.f. 1-4-2024).
- Subs w.e.f. 1-4-2024 . Subs. by s. 24, ibid, for clause (e) (w.e.f. 1-4-2024).