Fiscal Discipline Act Article 8

Central government Nonprofit Special Funds may be established only as provided by law or to meet important administrative needs, in accordance with the provisions of Article 4 of the Budget Act, and shall have a special (designated) source of funding.For a fund to be newly established under the preceding paragraph, it is requisite that the special (designated) source of funding shall have new and sufficient financial resources other than existing government revenue or national treasury appropriations, and that the business to be handled under the fund cannot be incorporated under an existing fund for handling.The establishment, custody, utilization, assessment, merger, and dissolution of central government Nonprofit Special Funds shall not exclude the application of the Budget Act, Accounting Act, Financial Statement Act, Audit Act and related laws and regulations. However, this shall not apply to Nonprofit Special Funds for which exclusionary provisions have already been adopted before the enforcement of this Act.A Nonprofit Special Fund of the central government shall be dissolved when dictated by a change in situation, or by poor performance in execution, or when the purpose for which the fund was established has been accomplished, or upon expiration of the duration for which the fund was established. The dissolution mechanism shall be separately formulated by the Executive Yuan.The preceding four paragraphs apply mutatis mutandis to Nonprofit Special Funds under the jurisdiction of governments of special municipalities and counties/cities.