Environmental Protection Fund

Section 16 of the Environment (Protection) Act, 1986 deals with environmental Protection Fund. [CHAPTER IIIA FUND, ACCOUNTS AND AUDIT 16. The Act came into force on 19 Nov 1986.

¹[CHAPTER IIIA

FUND, ACCOUNTS AND AUDIT

16. Environmental Protection Fund.--(1) The Central Government may, by notification in the Official Gazette, establish a fund to be known as the Environmental Protection Fund.

(2) There shall be credited to the Fund

(a) the amount of penalty imposed under the Air (Prevention and Control of Pollution) Act, 1981 (14 of 1981), and under this Act;

(b) the interest or other income received out of investments made from the Fund; and

(c) any other amount from such sources, as may be prescribed.

(3) The Fund shall be applied for--

(a) the promotion of awareness, education and research for the protection of environment;

(b) the expenses for achieving the objects and for purposes of the Air (Prevention and Control of Pollution) Act, 1981(14 of 1981) and under this Act;

(c) such other purposes, as may be prescribed.

(4) The Central Government shall notify the administrator for the administration of the Fund and other matters connected therewith and incidental thereto in such manner, as may be prescribed.

(5) The Central Government shall allocate seventy-five per cent. of the amount of penalties to the State Governments or Union territory administrations, which has been credited to the Fund.

Section 16, The Environment (Protection) Act, 1986 (Act 29 of 1986).