The proceeds of the entertainment and betting taxes collected in New Delhi under the provisions of the UP Entertainment and Betting Tax Act, 1937 (UP Act 18 of 1937), as extended to the National Capital Territory of Delhi; (which shall form part of the Consolidated Fund of the National Capital Territory of Delhi;) reduced by the cost of collection as determined by the Government shall, if the Legislative Assembly of the National Capital Territory of Delhi; by appropriation made by law in this behalf so provides, be paid to the Council for the performance of its functions under this Act.