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CHAPTER - XI
Local Biodiversity Fund
Grants to Local Biodiversity Fund
42. The State Government may, after due appropriation made by
State Legislature by law in this behalf, pay to the Local
Biodiversity Funds by way of grants or loans such sums of money
as the State Government may think fit for being utilized for the
purposes of this Act.
Constitution of Local Biodiversity Fund
43.(1) There shall be constituted a Fund to be called the Local
Biodiversity Fund at every area notified by the State Government
where any institution of self government is functioning and
there shall be credited thereto-
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any grants and loans made under section 42;
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any grants or loans made by the National Biodiversity
Authority;
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any grants or loans made by the State Biodiversity Boards;
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fees referred to in sub section (3) of section 41 received
by the Biodiversity Management Committees;
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all sums
received by the Local Biodiversity Fund from such other sources
as may be decided upon by the State Government.
Application of Local Biodiversity Fund
44.(1) Subject to the provisions of sub section (2), the
management and the custody of the Local Biodiversity Fund and
the purposes for which such Fund shall be applied, be in the
manner as may be prescribed by the State Government.
(2) The Fund shall be used for conservation and promotion of
biodiversity in the areas falling within the jurisdiction of the
concerned local body and for the benefit of the community in so
far such use is consistent with conservation of biodiversity.
Annual Report of Biodiversity
Management Committees
45. The person holding the custody of the Local Biodiversity
Fund shall prepare, in such form and during each financial year
at such time as may be prescribed, its annual report, giving a
full account of its activities during the previous financial
year, and submit a copy thereof to the concerned local body.
Audit of accounts of Biodiversity
Management Committees
46. The accounts of the Local Biodiversity Fund shall be
maintained and audited in such manner as may, in consultation
with the Accountant General of the State, be prescribed and the
person holding the custody of the Local Biodiversity Fund shall
furnish, to the concerned local body, before such date as may be
prescribed, its audited copy of accounts together with auditor's
report thereon.
Annual report, etc, of the Biodiversity
Management Committee to be submitted to district Magistrate
47. Every local body constituting a Biodiversity Management
Committee under sub section (1) of section 41, shall cause, the
annual report and audited copy of accounts together with
auditor's report thereon referred to in sections 45 and 46,
respectively and relating to such Committee to be submitted to
the District Magistrate having jurisdiction over the area of the
local body.
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