Section 22N
of Forest Act
ActIn forceProvision 42 of 91
Section 22N
(1)
Once the Fund has been established, there shall be paid into the
Fund —
(a)
forest cess collected under section 22P;
(b)
any moneys, fee, donation or grant paid to the Government for carrying out a reforestation plan;
(c)
any moneys or grant that may be appropriated by the
Government for the purpose of the Fund; and
(d)
all moneys collected for the purpose of silvicultural works and other related operations.
(2)
All moneys paid into the Fund shall —
(a)
be deposited with any bank licensed under the Banking
Order, 2006 (S 45/2006) or the Islamic Banking Order, 2008
(S 96/2008);
(b)
be invested in accordance with the provisions of any written law relating to trustees.
Purposes of Fund.