[38X. Establishment of Tiger Conservation Foundation.--(1) The State Government shall establish a Tiger Conservation Foundation for tiger reserves within the State in order to facilitate and support their management for conservation of tiger and biodiversity and, to take initiatives in eco-development by involvement of people in such development process.
(2) The Tiger Conservation Foundation shall, inter alia, have the following objectives:--
(a) to facilitate ecological, economic, social and cultural development in the tiger reserves;
(b) to promote eco-tourism with the involvement of local stake-holder communities and provide support to safeguard the natural environment in the tiger reserves;
(c) to facilitate the creation of, and or maintenance of, such assets as may be necessary for fulfilling the above said objectives;
(d) to solicit technical, financial, social, legal and other support required for the activities of the Foundation for achieving the above said objectives;
(e) to augment and mobilise financial resources including recycling of entry and such other fees received in a tiger reserve, to foster stake-holder development and eco-tourism;
(f) to support research, environmental education and training in the above related fields.]