Act Governing the Establishment of Endowment Fund at National Universities Article 11

Each university endowment fund budget shall be compiled based on that national university’s middle-term and long-term development plans, and consideration of the status of fund’s financial affairs and anticipated revenue and expenditure, on the principle that the fund will maintain a budget balance or generate a surplus, and the university’s clearly defined educational performance objectives, and incorporate these details into the annual finance planning report that shall be publicly released by each national university.Each university endowment fund shall be implemented in conjunction with its annual finance planning report. A national university shall release each year’s annual university endowment fund performance report in the following year.The regulations governing the format, content, date and manner of release, and other compliance requirements of the annual finance planning report and the university endowment fund performance report referred to in the preceding two paragraphs shall be prescribed by the Ministry of Education.