Act for the Establishment and Administration of Technology Industrial Parks Article 20

The Administration or its Branches may conduct a compulsory auction of the private factories and related buildings in the Parks in any of the circumstances mentioned in Subparagraph 2 or 6, Paragraph 2 of the preceding article.In case of the circumstance mentioned in Subparagraph 2, Paragraph 2 of the The Bureau or its branch offices may conduct a compulsory auction of the private factories and related buildings in the Parks in any of the circumstances mentioned in Subparagraph 2 or 6, Paragraph 2 of the preceding article.In case of the circumstance mentioned in Subparagraph 2, Paragraph 2 of the preceding article, when a compulsory auction is conducted in accordance with the provisions, the Bureau or its branch offices shall make a public notice and inform the owner of the building to rectify the improper use within a period of two years.When the Bureau or its branch offices require such improvements within the time limit as mentioned in the preceding paragraph, it shall request the land administration authority to register an administrative lien on the property accordingly. The lien registration remains enforceable within two years, surviving any transfer of owner of the building, and remains applicable to any successors. In case of any delay due to causes not attributable to the owner, it shall not be counted towards the two-year period, which may be extended provided there are legitimate reasons.Where improvement is duly made as prescribed in the preceding paragraph, the Bureau or its branch offices shall request the land administration authority to deregister the administrative lien. Where improvement is not completed by the time limit, the Bureau or its Branch may fine the owner of the building in an amount less than 10% of the total assessed current value of the land associated with the building in the Park, and notify the owner of the building to propose an improvement plan within one month. Upon receiving the improvement plan, the Bureau or its Branch may notify the owner of the building for negotiation, and the owner of the building shall complete the negotiation within one month from the date of receiving the notification for negotiation.Where the owner of the building fails to propose an improvement plan in accordance with the provisions of the preceding paragraph, fails to complete the negotiation with the Bureau or its Branch by the deadline, or in case of the circumstance described in Subparagraph 6, Paragraph 2 of the preceding article, the Bureau or its Branch may make a written disposition specifying an assessed reasonable price of the factory and related buildings based on surveys of current market values of the building before conducting a public and compulsory auction.The compulsory auction mentioned in the preceding paragraph shall be carried out by branch offices of the Administrative Enforcement Agency, Ministry of Justice upon the entrustment of the Bureau or its branch offices. The procedures of the auction shall be governed by the provisions of the Administrative Executive Act unless otherwise provided in this Article.Where the bidding is invalid in the compulsory auction of the factory and related buildings as described in the preceding two paragraphs, the auction shall not be settled if the highest price among the bids offered by the buyers falls below the assessed reasonable price based on surveys of current market prices, or other auction conditions are not met.In case of the circumstance described above, the Bureau or its Branch may re-commission the auction based on the same or newly-determined assessed reasonable prices, in accordance with the provisions of the preceding three paragraphs.The factory and related buildings ultimately auctioned shall not be subject to the relevant provisions on the preemptive rights described in the Land Act or other laws, and the branch offices of the Administrative Enforcement Agency, Ministry of Justice shall notify the land administration authority to deregister the administrative lien, and other rights and restrictions against the subject property, and hand over the subject property to the successful bidder after the leases associated with the property are removed. When the Bureau or its Branch finds that there is no need to continue the auction, the request made to the branch offices of the Administrative Execution Agency, Ministry of Justice shall be withdrawn, and the land administration authority shall be asked to deregister the administrative lien.Regulations governing the matters mentioned in the preceding nine paragraphs, including the public notices and notifications, deduction of the delayed time due to non-attributable reasons and reasons for requests of extension, matters relating to the request for registrations, the methods, procedures, and matters of compliance for survey and assessment of market values, qualifications of the bidders and buyers in an auction, the conditions for the use of the factory and related buildings, the entrustments, and the procedures relating to the compulsory auctions, the concurrence of proceedings relating to the execution of pecuniary credit, and the handling of the allocation of entitlements among the mortgagees, shall be prescribed by the competent authority.