(1) The Board shall have bank accounts in a Nationalised Bank, which shall be operated by the Secretary or by such other officer of the Board as may be authorised in this regard by the Board.
(2) The State Biodiversity Fund shall have two separate heads of accounts, one relating to receipts (grants and loans) from the Central Government, National Biodiversity Authority and State Government including receipts from such sources as decided by the Government and the other head of account concerning the fee of other nature such as collection fee and other receipts of the Board.
(3) The Board shall have power to receive the funds from national donor agencies or individuals in accordance with law.
(4) The Board may frame guidelines on ways to ensure that decisions regarding the management and use of the fund are transparent and accountable to the public.