Disaster Management Act, 2005
47. National Disaster
Mitigation Fund.-
1.
The
Central Government may, by notification in the Official Gazette, constitute a
Fund to be called the National Disaster Mitigation Fund for projects
exclusively for the purpose of mitigation and there shall be credited thereto
such amount which the Central Government may, after due appropriation made by
Parliament by law in this behalf, provide.
2.
The
National Disaster Mitigation Fund shall be applied by the National Authority.