7. Utilization and Management of the Fund

(1) The fund shall be utilized for the following purposes:- (a) promoting the generation of electricity through renewable energy sources, (b) purchase of non-conventional energy and purchase of RECs (Renewable Energy Certificates), and (c) taking initiatives for protecting environment in the State. (2) The Fund may be expended for executing schemes for development and improvement of generation of electricity by renewable and non-conventional sources of energy and improvement and development of power supply in the State. (3) The State Government shall have the power to administer the Fund and shall take such decisions as may be required for the proper utilization of the Fund. (4) The State Government shall also have the power to allocate and disburse such sums from the Fund as it considers necessary to the concerned Departments responsible for achieving the objective of this Act.