Biological Diversity Act, : Constitution of Local Biodiversity Fund. Indian Bare Acts :

Biological Diversity Act,,2003

Act No : 18

Section : Constitution of Local Biodiversity Fund.

43. Constitution of Local Biodiversity Fund.-(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- (a) any grants and loans made under section 42; (b) any grants or loans made by the National Biodiversity Authority; (c) any grants or loans made by the State Biodiversity Boards; (d) fees referred to in sub-section (3) of section 41 received by the Biodiversity Management Committees; (e) all sums received by the Local Biodiversity Fund from such other sources as may be decided upon by the State Government.