The Compensatory Afforestation Fund Act

Budget of National Authority

Investment of funds by National Authority

Accounts and audit of National Authority

Annual report of National Authority

Annual report and audit report of National Authority to be laid before Parliament

Budget of State Authority

Investment of funds by State Authority

Accounts and audit of State Authority

Annual report of State Authority

Annual report and audit report of State Authority to be laid before State Legislature


FINANCE, ACCOUNTS, AUDIT AND ANNUAL REPORT


The National Authority may invest its funds,
including any reserve fund, in the securities of the Central Government and in scheduled banks in such
manner as may be prescribed:

Provided that the grants received from the Central Government shall not be invested and shall be
utilised for the purposes and in the manner attached to it. 

LAWGIST

# 21 Investment of funds by National Authority