s.46Environmental protection fund
46
Section 46Part 7 — GENERAL

Environmental protection fund

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There continues to be established and managed an environmental protection fund to be used for the acquisition and management of protected areas and for measures to protect and conserve protected species and their critical habitat pursuant to an appropriation in accordance with the Public Management and Finance Law (2013 Revision).
The Fund shall continue to be accounted for as a discretionary reserve in the financial statements of the core government in accordance with the Public Management and Finance Law (2013 Revision).
The following executive revenue shall, upon being earned by the Government, be paid into the Fund —
one hundred per cent of the environmental protection fee collected under section 6 of the Travel (Departure Tax and Environmental Protection Fee) Law (2003 Revision); and
one hundred per cent per cent of all fees paid under this Law and any fines, compensation and costs imposed in respect of offences under this Law.
The Cabinet may, by regulation, amend subsection (3).
Regulations made under subsection (4) are subject to affirmative resolution of the Legislative Assembly.
Voluntary contributions or grants by individuals or organisations paid to Government for the benefit of environmental protection may be paid into the Fund.
The Government may make additional appropriations to the Fund from the revenue, borrowings or other funds of the Government in accordance with the Public Management and Finance Law (2013 Revision).

Defined Terms

environmental protection fundprotected areaprotected speciescritical habitat

Cross References