¹[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.]