Act Governing the Establishment of Endowment Fund at National Universities Article 13

The preparation of the annual budget and its implementation, as well as the final accounts of the university endowment funds shall be handled pursuant to the regulations of the Budget Act, the Accounting Act, the Financial Statement Act, the Audit Act, and their related ordinances. However, self-generated income of a university endowment fund from the sources specified in Article 3, Paragraph 1, Subparagraph 2 is not subject to this restriction.Each national university shall independently formulate regulations governing the revenue and expenditure management of the self-generated income referred to in the preceding paragraph, and this management shall be supervised by the Ministry of Education in accordance with the regulations referred to in Article 9, Paragraph 2.