Act Governing the Establishment of the Operations Fund for Subordinate Institutions of the Ministry of Education Article 2

The Fund is categorized as a special fund, as defined in Article 4, Paragraph 1, Subparagraph 2 of the Budget Act, for which a subordinate unit budget is compiled.Sub-budgets of the subordinate unit budget are compiled for the operating fund of each subordinate institution that has been established and incorporated into the Fund.It is necessary for the independently sourced financial resources of each operating fund of a “subordinate institution that has been incorporated into the Fund” referred to in the preceding paragraph to reach a certain proportion of its funding before it may be established in accordance with the provisions of this Act.The Ministry of Education is the competent authority of the Fund, and each subordinate institution which has its operating fund incorporated into the Fund is the management authority of its operating fund.