99. (1) There shall be established for each [Zila Panchayat] a fund called Zila Nidhi and for each [Kshettra Panchayat] a fund called Kshettra Nidhi, to the credit where of shall be placed all sums received [including the grants-in-aid from the Consolidated Fund of the State] and all loans raised by or on behalf of the [Zila Panchayat] or the [Kshettra Panchayat], as the case may be :
Provided that a [Zila Panchayat] or a [Kshettra Panchayat] shall earmark parts of the fund received by it for a particular purpose for that purpose and shall expend the same in carrying out that purpose.
(2) Nothing in this section shall affect any obligations of a [Zila Panchayat] or a [Kshettra Panchayat] arising from a trust legally imposed upon or accepted by it.
(3) A [Zila Panchayat] or a [Kshettra Panchayat] may receive such contributions in each or in kind as may be made by any persons for any work of public utility and the [Zila Panchayat] or the [Kshettra Panchayat] shall, there upon, utilize the same together with its contributions, wherever necessary, in executing such work.