law: The Biological Diversity Act, 2002
  27. Constitution of
  
  National Biodiversity Fund.-
  1.  
  
    There
  
  shall be constituted a Fund to be called the National Biodiversity Fund and
  
  there shall be credited thereto-
  a.   any grants and loans
  
  made to the National Biodiversity Authority under section 26;
  b.   all charges and
  
  royalties received by the National Biodiversity Authority under this Act; and
  c.   all sums received by
  
  the National Biodiversity Authority from such other sources as may be decided
  
  upon by the Central Government.
  1.  
  
  
  2.  
  
    The
  
  Fund shall be applied for-
  a.   channeling benefits
  
  to the benefit claimers;
  b.   conservation and
  
  promotion of biological resources and development of areas from where such
  
  biological resources or knowledge associated thereto has been accessed;
  c.   socio-economic
  
  development of areas referred to in clause (b) in consultation with the local
  
  bodies concerned.