Non-Departmental Public Bodies Act Article 34

Where the restructuring of an Original Authority (Agency) into a non-departmental public body requires the use of public property, such property may be donated, leased or provided for use free of charge. In the case of donation, Articles 25 and 26 of the Budget Act and Articles 28 and 60 of the National Property Act are not applicable.A non-departmental public body, should its operations require, may procure public real estate after its establishment. The price of land shall be based on the announced current land value. The price of constructional improvement shall be based on its current value as assessed by the tax authority. Where the tax authority has not assessed the value that year, the value shall be based on an assessment made by the public property management authority.Where a government authority approves and disburses allocations to a non-departmental public body to purchase property for a designated purpose, that property shall be deemed public property.Except for public property leased or provided for use free of charge as set forth in Paragraph 1 and the public property rescribed in the preceding paragraph, all property acquired by the non-departmental public bodies shall be deemed as private property.Where a non-departmental public body is registered as the manager of public property which is provided for use free of charge in Paragraph 1 and the public property as prescribed in Paragraph 3, all profits arising from such property shall be deemed as income of the non-departmental public bodies without being subject to the restriction in Paragraph 1 of Article 7 of the National Property Act.Regulations governing matters related to management, use and profits shall be prescribed by the supervisory authority.Upon the abandonment of use of public property, the property shall be handed over to the public property management authorities.Where a non-departmental public body no longer needs to use the donated public property, it shall return such property to the donating authority and may not dispose of such property at its own discretion.