Amendment status not verified — confirm the current text below against the official source.
(1) There shall be established for the State a Fund to be called the Kerala Forest Development Fund (hereinafter in this section referred to as the Development Fund). (2) The proceeds of the tax levied and collected under Section 75A shall first be credited to the Consolidated Fund of the State and after deducting the expenses for collection as determined by the Government, the remaining amount shall, under appropriation duly made by law in this behalf, be entered into and transferred to the Development Fund. (3) Any amount transferred to the Development Fund shall be charged on the Consolidated Fund of the State. (4) No sum shall be paid or applied from and out of the Development Fund except as provided in sub-section (5). (5) The amount standing to the credit of the Development Fund shall be expended in such manner and subject to such conditions as may be prescribed by rules made under this Act for the purposes and to the extent specified below: (a) sixty per cent, for the planting and maintenance of soft-wood trees and other species of trees, which form raw material for industries; and (b) forty per cent, for forest research. (6) The Development Fund shall be held and administered on behalf of the Government by an officer not below the rank of Chief Conservator of Forests, subject to such general or special directions as may be given by the Government from time to time.] Inserted by Act 20 of 1986, published in K.G.Ext. No. 1067 dt. 29/11/1986 (w.e.f. 01/09/1984).