THE COMPENSATORY AFFORESTATION FUND ACT, 2016

ACT NO. 38 OF 2016 · Enacted [3rd August, 2016.] · 33 sections

PRELIMINARY

Section 1.Short title, extent and commencement.

Section 2.Definitions.

ESTABLISHMENT, MANAGEMENT AND UTILISATION OF NATIONAL COMPENSATORY AFFORESTATION FUND AND STATE COMPENSATORY AFFORESTATION FUNDS

Section 3.Establishment of National Fund.

Section 4.Establishment of State Fund.

Section 5.Disbursement and utilisation of National Fund.

Section 6.Disbursement and utilisation of State Fund.

Section 7.Accounting procedure.

CONSTITUTION OF NATIONAL AUTHORITY AND STATE AUTHORITIES

Section 8.Constitution of National Authority.

Section 9.Executive committee and monitoring group of National Authority.

Section 10.Constitution of State Authority.

Section 11.Steering committee and executive committee of State Authority.

Section 12.Term of office and conditions of service of members.

Section 13.Disqualifications.

POWERS AND FUNCTIONS OF NATIONAL AUTHORITY AND STATE AUTHORITIES

Section 14.Powers and functions of National Authority.

Section 15.Powers and functions of executive committee of National Authority.

Section 16.Functions of monitoring group.

Section 17.Powers and functions of State Authority.

Section 18.Powers and functions of steering committee of State Authority.

Section 19.Functions and powers of executive committee of State Authority.

FINANCE, ACCOUNTS, AUDIT AND ANNUAL REPORT

Section 20.Budget of National Authority.

Section 21.Investment of funds by National Authority.

Section 22.Accounts and audit of National Authority.

Section 23.Annual report of National Authority.

Section 24.Annual report and audit report of National Authority to be laid before Parliament.

Section 25.Budget of State Authority.

Section 26.Investment of funds by State Authority.

Section 27.Accounts and audit of State Authority.

Section 28.Annual report of State Authority.

Section 29.Annual report and audit report of State Authority to be laid before State Legislature.

MISCELLANEOUS

Section 30.Power to make rules.

Section 31.Transfer of assets, liabilities, etc.

Section 32.Validation.

Section 33.Power of Central Government to issue directions.