Section 4 of CAF Act : Section 4: Establishment Of State Fund

Explanation using Example

Let's consider the hypothetical scenario of the state of 'X'. The state government of 'X' decides to establish a special fund called the "State Compensatory Afforestation Fund - X" under its public accounts. This decision is made official by a notification in the Official Gazette.

Now, this fund is under the control of the state government of 'X' and it is managed by the State Authority of 'X'. The fund will include the unspent balance of all monies transferred by the ad hoc Authority to the State Compensatory Afforestation Funds Management and Planning Authority in 'X' in compliance with guidelines dated 2nd July, 2009.

Also, all monies transferable from the National Fund under clause (a) of section 5 will be credited into this fund. Additionally, any money rea...

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