District Council Fund

(1) There shall be constituted for the autonomous district, a District Fund to which shall be credited all moneys received by the District Council for the autonomous district in course of administration of such district. (2) The Government may make rules for the management of the District Fund and for the procedure to be followed in respect of payment of money into the said Fund, withdrawal of moneys there from, the custody of moneys therein and any other matter connected with and ancillary to the matters aforesaid. (3) The accounts of the District Council shall be kept in such form as may be prescribed by the Government in consultation with the Accountant General. (4) The State Government shall cause the accounts of the District Council to be audited by the Accountant General in such manner as he may think fit and the report of the Accountant General shall be submitted to the Government, after such report has been placed before the District Council and discussed, and the Government shall, in turn, lay such report before the State Legislature.