32Constitution 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--
³[(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;
⁴[(c) conservation, promotion and sustainable use of biological resources;]
⁵[(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;]
⁶[(e) making grants or loans to the Biodiversity Management Committees;
(f) the activities to meet the purposes of the Act.]