Act Governing the Establishment of the Operations Fund for Subordinate Institutions of the Ministry of Education Article 8

If the Fund receives a gift, exceptwhen the gift is subject to a charge, the subordinateinstitution that received the gift is the management authority and the Ministry of Education is the competent authority, and the handling of the matter is not subject to the provisions of Article 37 of the National Property Act.The chattels, negotiable securities, and rights that the Fund acquires from gifts or investments may be disposed of after obtaining Ministry of Education approval to do so, without being subject to the restrictions set out in the provisions of Article 28 of the National Property Act.Any sale of the negotiable securities referred to in the preceding paragraph shall be handled in accordance with the provisions of the applicable securities and exchange laws and regulations.