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9
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 CHAPTER XI
LOCAL BIODIVERSITY FUND
Grants to local Biodiversity Fund. The State Government may, after
duc 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.
A3. Constitution of Local Biodiversity Fund. (I) There shall be constituted
the Stare
a Fund to be called the Local Biodiversity Fund at every area notified by
functioning and there shall be
Government where any institution of self- government is
credited thereto---.
section 42:
Any grants and loans made under
the National Biodiversity
Any grants or loans made by
Authority.
State Biodiversity Boards:
Any grants or loans made by the
41 received by
Fees referred to in sub-section (3) of section
the Biodiversity Management Committee:
Fund from such
Allsums received by he Local Biodiversity
Government.
other sources as may be decided upon by the State

A4. Application of Local Biodiversity Fund.,-- (I) Subjectto the provisions of

Biodiversity Fund and the
sub-section (2), the management and the custody of the Local
prescribed by the
purposes for which such Fund shall be applied in the manner as maybe
State Government.
(2) The fund shall be used for conservation and promotion of biodiversity Inthe areas
the
falling within the jurisdiction of the concerned local body and for the benefit of
community in so far such use is consistent with conservation of biodiversity.
Annual report of Biodiversity Management Committees. The person
holding the custody of the Local Biodiversity Fund shall prepare, in such form and during
each financial year<at such time as maybe prescribed, its lannual repor, giving afull account/
of its activities during the previous financial year, and submit a copy thereof to the concerned
local body
46 Audit of accounts of Biodiversity Management Committees.---The
accounts of the Local Biodiversity Fund shall be maintained and audited in such manner as
25
 Aoli
4
may, in consultation with the Accountant- Gencral of the State, bc prcscribcd and the
pcrson
holding the custody of the Local Biodiversity Fund shall furnish, to the concerned local body,
betore such date as may be prescribed, its audited copy of accounts together with auditors
report thereon.
7. Annual report etc., of the Biodiversity Management Committee to be
submitted to\ District Magistrate-Every local body constituting a Biodiversity
Management Committee under sub-section (I) of section 41, shall cause, the annual report
and audited copy of accounts together with auditor'sreport 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.