(1) Every District Sports Council shall constitute a fund to be called the District Sports Council Fund and shall be credited thereto,-
(a) all sums of money paid or any grants made by the State Sports Council to the District Sports Council;
(b) any grants or donations made to the District Sports Council by any person or local self-government institutions or other organizations;
(c) any other amount received by the District Sports Council from any other source.
(2) A District Sports Council Fund shall be applied for meeting,-
(a) the expenses in connection with the functioning of the District Sports Council;
(b) the expenses in connection with the functioning of the Corporation Sports Council, Municipal Sports Council, Town Sports Council and Block Sports Council;
(c) any other expenses which are required to be borne by the District Sports Council.
Constitution of funds for Corporation Sports Council, Municipal Sports Council, Town Sports Council, etc.