Section 32. Constitution of State Biodiversity Fund

32. Constitution of State Biodiversity Fund. —(1) There shall be constituted a Fund to be called the State Biodiversity Fund and there shall be credited thereto— - (a) any grants and loans made to the State Biodiversity Board under section 31; - (b) any grants or loans made by the National Biodiversity Authority; 1 [(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;] (2) The State Biodiversity Fund shall be[2] [utilised] for— - (a) the management and conservation of heritage sites; 1. Subs. by Act 10 of 2023, s. 24, for clause (c) (w.e.f. 1-4-2024). 2. Subs. by s. 24, ibid ., for "applied" (w.e.f. 1-4-2024). 1 [(aa) channelling benefits to the benefit claimers;] (b) compensating or rehabilitating any section of the people economically affected by notification under sub-section (1) of section 37; 2 [(c) conservation, promotion and sustainable use of biological resources;] 3[(d) 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;] 4 [(e) making grants or loans to the Biodiversity Management Committees; (f) the activities to meet the purposes of the Act.]