Private School Act Article 65

The Ministry and related ministries of Executive Yuan shall jointly provide guidance for the establishment of the Management Committee of the Fund. The committee shall be made up of school legal persons, private school teachers and staff members, and representatives from pertinent educational groups. It shall register with the court as a foundation to take overall charge of the establishment, collection, allocation, management, and use of the fund, and shall be subject to the supervision of the Ministry of Education.The Ministry and related organizations may jointly form a small supervisory group for the Fund to oversee operation of the foundation referred to in the preceding paragraph.Supervisory regulations governing establishment, management and use of the Fund shall be prescribed by the Ministry of Education.