Cement, Energy and Environment

AS INTRODUCED IN LOK SABHA Bill No. 153 of 2015 THE COMPENSATORYAFFORESTATION FUND Bll.L 2015 A BlLL to provide for the establishment of funds under the public accounts of India and the public accounts of each State and crediting thereto the monies received from the user agencies towards compensatoty afforestation. additional compensatory afforestation. penal compensatory afforestation. net present value and all other amounts recovered from such agencies under the Forest (Conse~.vation) Act. 1980; constitution of an authority at national lev-el and at each of the State and Union tenitory Administration for administration of the funds and to utilise the monies so collected for undertaking artificial regeneration (plantations). assisted natural regeneration, protection of forests. forest reIated infrastructure development. Green India Programme. wildlife protection and other related activities and for matters connected therewith or incidental thereto_ WHERE AS the Supreme Cmu1 in its order in TN_ Godavarman Thirnmulpad vs_ Union of h1dia and Others [Writ Petition (Civil) No_202 of 1995]. dated the 30th October. 2002. obseJ.Ved that a Compensatmy Afforestation Fund be created in which all the monies received from the user agrocies towards con~1satory afforestation. additional compensatory afforestatioo. penal compensatory afforestation. net present value of the diverted forest land or catchment area treatment plan shall be deposited: 32 \ >-