Section 43 of The Biological Diversity Act: Constitution of Local Biodiversity Fund.
Constitution of Local Biodiversity Fund. Biological Diversity Act 2002
(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;
1[(e) benefit sharing amount and all other sums received by the Local Biodiversity Fund from such other sources as may be decided by the State Government.]1. Subs. by Act 10 of 2023, s. 31, for clause (e) (w.e.f. 1-4-2024).