Urban Planning Act Article 76

Public land for roads, parks, greeneries, squares, waterways, and ports that falls into disuse due to implementation of urban plans and reclaimed land adjacent to areas covered by urban plans shall be managed and utilized by local governments or township, or county-administered city offices implementing the urban plan. The proceeds from disposal of such land may be appropriated to fund the implementation of urban plans.
中文原文 都市計畫法第76條
因實施都市計畫廢置之道路、公園、綠地、廣場、河道、港灣原所使用之公有土地及接連都市計畫地區之新生土地,由實施都市計畫之當地地方政府或鄉、鎮、縣轄市公所管理使用,依法處分時所得價款得以補助方式撥供當地實施都市計畫建設經費之用。

English translation for reference only; the Chinese text prevails. Not legal advice.