The Compensatory Afforestation Fund Act, 2016.
CHAPTER II: ESTABLISHMENT, MANAGEMENT AND UTILISATION OF NATIONAL COMPENSATORY AFFORESTATION FUND AND STATE COMPENSATORY AFFORESTATION FUNDS
Section 5: Disbursement And Utilisation Of National Fund
Bare Act
Save as otherwise provided in this Act, the monies available in the National Fund shall be disbursed and utilised in the following manner, namely:
-
ninety per cent. of the all monies collected by a State, which has been… Read the complete text with KanoonGPT Pro.
Simplified Act
This section of the law explains how the money in the National Fund, which is not allocated for any other specific purpose in this law, should be used:
- 90% of the… Read the complete text with KanoonGPT Pro.
Explanation using examples
Let's consider a hypothetical situation where the state of California has collected a total of $1,000,000 under the ad hoc Authority for afforestation purposes. According to Sectio… Read the complete text with KanoonGPT Pro.
