Examples of Gene Fund in a sentence
The Community Gene Fund shall be established as an autonomous Trust.
All salaries and administrative expenses relating to the establishment and administration of the Community Gene Fund will be met by the Government, in order to ensure that the entire proceeds of the Fund go to the farming local communities.
The Community Gene Fund will have a Fund Management Committee, comprising representatives of farming local communities, professionals, non-governmental organizations, and the public and private sector.
A royalty to be fixed by the National Competent Authority based on the gross value of the Breeders' Rights protected seeds sold shall be credited to the Community Gene Fund for the benefit of farming communities whose farmers' varieties have been the basis for the breeding of breeders' varieties.
There shall be an autonomous Trust to administer a Community Gene Fund deriving its funds from the shares due to local farming communities under Article 27.1(b) in Part V on Farmers' Rights.
Gene Fund: Breeder will deposit in gene fund the amount determined by the authority.
Farmers as conservers are entitled to recognition and reward from both the National Gene Fund and the National Biodiversity Fund.
Any compensation granted under sub-section (3) shall be deposited by the breeder of the variety in the Gene Fund.
Credited to this National Gene Fund are benefit-sharing payments, annual fees paid to the authorities, money received from compensation claims and contributions to the fund from national and international organisations and other sources (section 45(1)(a)-(d), PPVFRA).
National Gene Fund: The functions of national gene fund are, I) benefits sharing in the prescribed manner, ii) royalty paid at such rate as may be prescribed by the central government on the sale price of the seed or propagating material of a registered variety, iii) contribution from national or international organizations can be received in the gene fund.