Given the task definition and input, reply with output. In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.

the NCAA is subject to Title IX provided that it receives federal financial assistance within the meaning of section 1681(a). Federal regulations define "recipient" as including any public or private agency, institution or organization, or other entity, or any other person, to whom Federal financial assistance is extended directly or through another recipient and which operates an edu-cational program or activity which receives or benefits from such assistance, including any subunit, successor, assignee or transferee thereof. 34 C.F.R. 106.2(h) (1997) (emphasis added). The plain language of the statute and regulation is quite broad and encompasses indirect recipients of federal funds. See Grove City College v. Bell, 465 U.S. 555, 564, 104. S.Ct. 1211, 1216, 79 L.Ed.2d 516 (1984) (<HOLDING>). The Court of Appeals for the Sixth Circuit
Holding statements: (A) holding that an order to disgorge funds was final even though the order did not distribute the funds (B) holding that defendant violated section 4b when she misappropriated pool participant funds by soliciting funds for trading and then trading only a small percentage of those funds while disbursing the rest of the funds to investors herself and her family (C) holding that ncaa was not an indirect recipient of federal funds even though it received dues from schools that received federal funds (D) holding that a college received federal funds where the funds were granted to its students as financial aid rather than directly to the college because the language of the section does not distinguish between direct and indirect receipt of federal funds (E) holding that kentucky high school athletic association was an indirect recipient of federal funds because it was created by state law its functions were determined by the kentucky board of education and it received dues from member schools who received federal funds
(D)