The A compensatory afforestation act 2016
punjab · 2016
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1(1) This Act may be called the Compensatory Afforestation Fund Act, 2016
- S. 2Section defines key terms used in the Act, including compensatory afforestation, environmental services, and various authorities involved.
- S. 3Section establishes a National Compensatory Afforestation Fund under the Central Government's control to manage funds for afforestation.
- S. 4Section establishes a State Compensatory Afforestation Fund to manage funds for afforestation activities and credits various sources of funds into it.
- S. 5Section 5 allocates 90% of collected funds to state funds and 10% for National Authority's management, monitoring, and approved schemes.
- S. 6Section 6 outlines how funds in the State Fund are to be used for compensatory afforestation and related activities.
- S. 7Section prescribes accounting procedures for crediting funds to National and State Funds.
- S. 8Section 8 establishes a National Authority to manage and utilize funds for compensatory afforestation under the Act.
- S. 9Section 9 outlines the composition of the executive committee and monitoring group assisting the National Authority in compensatory afforestation.
- S. 10Section 10 establishes a State Authority to manage and utilize funds for compensatory afforestation in Punjab.
- S. 11Section 11 outlines the composition of the steering and executive committees for the State Authority under the Compensatory Afforestation Act 2016 in Punjab.
- S. 12Section 12 prescribes terms and conditions of service for various officials in the National and State Authorities under the Act.
- S. 13Section 13 disqualifies individuals with certain criminal, insolvency, mental, or financial conflicts from serving in afforestation authority roles.
- S. 14Section 14 outlines the governing body's duties for the National Authority, including policy formulation, report approval, and investment decision review.
- S. 15Section 15 outlines the executive committee's duties for approving plans, executing schemes, staffing, and maintaining records for the National Authority.
- S. 16Section 16 establishes a monitoring group to oversee and audit afforestation projects funded by national and state authorities in Punjab.
- S. 17Section 17 outlines the governing body's duties for a State Authority, including policy framework setting and periodic reviews.
- S. 18Section 18 outlines the duties of the steering committee in approving and monitoring the state authority's annual plan and fund utilization.
- S. 19Section 19 outlines the executive committee's duties for planning, monitoring, financial management, and reporting for the State Authority's afforestation activities.
- S. 20Section 20 mandates the National Authority to prepare and submit its budget to the Central Government and adopt financial regulations.
- S. 21The National Authority can invest its funds in government securities and banks, except for grants which must be used as specified.
- S. 22Section 22 mandates the National Authority to maintain and audit accounts, with the Comptroller and Auditor-General overseeing audits and reporting to the Central Government.
- S. 23Section mandates the National Authority to prepare and submit an annual report detailing its activities, monitoring, specific schemes, and financial transactions.
- S. 24The section mandates the Central Government to submit an annual report and audit of the National Authority to Parliament.
- S. 25Section 25 mandates State Authorities to prepare and submit annual budgets and adopt financial regulations for budget implementation.
- S. 26Section allows State Authority to invest State Fund in government securities and banks, except grants for specific purposes.
- S. 27Section 27 mandates State Authorities to maintain and audit financial records, with the Comptroller and Auditor-General overseeing audits and report submission.
- S. 28Section 28 mandates State Authorities to prepare and submit detailed annual reports on reforestation, afforestation, and conservation activities.
- S. 29Section mandates the State or Central Government to present annual and audit reports with action taken on recommendations to respective legislative houses.
- S. 30Section 30 outlines the Central Government's authority to create rules for implementing the Act's provisions.
- S. 31Section 31 transfers all assets, liabilities, and legal proceedings of the ad hoc Authority to the National Authority upon its constitution.
- S. 32Section 32 ensures funds for compensatory afforestation are transferred to National and State Funds, deemed credited to public accounts, and regulated by respective laws.
- S. 33Section 33 allows the Central Government to issue binding policy directives to National or State Authorities for compensatory afforestation.