Industrial Innovation Statute Article 47

With respect to an industrial park developed by the central competent authority or a special municipality or county (city) competent authority, where the funds are all raised by the commissioned state-owned or private sector enterprise, the development cost, within the term of the development mandate agreement, shall be determined by such competent authority. In the event that the proceeds from the sale of land or buildings exceed the cost, the commissioned state-owned or private sector enterprise shall pay a certain percentage of the difference to the industrial park development and management fund established by such competent authority. The certain percentage shall not be lower than 50% of the difference.On the expiry of the development mandate agreement, the competent authority that develops the industrial park may dispose of any as yet unleased and unsold land or buildings located within the industrial park using one of the following methods:1. Paying a reasonable price to the commissioned state-owned or private sector enterprise, provided that such reasonable price does not exceed the share of the actual development costs allocated to the land or buildings in question.2. Notifying the special municipality or county (city) government within whose jurisdiction the industrial park is located to instruct the relevant registration authority to transfer the ownership to the commissioned state-owned or private sector enterprise. The commissioned state-owned or private sector enterprise shall continue to use and dispose of the same in accordance with the planning for the industrial park.The method for determining the development cost, the payment percentage of the difference, and the method for calculating the reasonable price as referred to in the preceding two paragraphs shall be expressly stipulated by the competent authority in the development mandate agreement.