Regulations for the Establishment and Management of Private Elementary Schools, Junior and Senior High Schools, and Affiliated Preschools for International Residents Article 22

The management and use of the SIR’s establishment fund and properties shall be under the scrutiny of regulating authorities. The school’s fund and expenses shall not be loaned to or entrusted to the Chairperson of the Board, the Directors, other non-financial institutions or individuals.
中文原文 私立高級中等以下外國僑民學校及附設幼兒園設立及管理辦法第22條
外國僑民學校校產及基金之管理使用,受主管機關之監督。
基金及經費不得寄託或借貸與董事長、董事及其他個人或非金融事業機構。

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