Special Act for Forward-Looking Infrastructure Article 7

The forward-looking infrastructure programs funded by the central government under this Act shall span four years, with a budget ceiling of NT$420 billion. When this term has expired, the subsequent budget and term, after approval by the Legislative Yuan, may not exceed the scale and term of the budget of the preceding term, and shall be compiled in special budget form, with budget compilation and review conducted in separate stages. Such budgeting shall not be subject to the current expenditure restrictions of Article 23 of the Budget Act.The sourcing of funds for the needs referred to in the preceding paragraph may be met by raising public debt, the annual amount of which shall not be subject to the restrictions of paragraph 7 of Article 5 of the Public Debt Act. The total amount of borrowing for the central government general budget and special budget during the period of implementation of this Act shall not exceed 15% of the combined amount of the total annual expenditure of the general budget and special budget during this period.During the implementation period of this Act, the forecasted amounts of outstanding public debt with a maturity of one year or more incurred by the central government shall comply with paragraph 1 of Article 5 of the Public Debt Act.