National Communications Commission Regulations for Subsidizing the Promotion of Innovation and Research of the Communications Industry Article 12

The income and expenditure of the subsidized project shall be managed according to the following rules:1. Project submitted to more than two agencies for subsidy shall have the entire budget content, subsidized items and subsidy amount listed. Where any intentionally concealed, false information is found, the subsidy (items and amount) shall be revoked and the disbursed amount shall be recalled.2. The subsidized target shall establish a separate account for the subsidy and the account shall be managed independently. In the meantime, budget expenditure report shall be made and submitted to the Commission for approval on a regular basis during the contract period.3. The subsidized target shall report back only the actually incurred amount and be verified with receipts. The subsidy must not be used for objectives other than those specified in the scope of applications.Where the use of subsidy shows an unfavorable performance or the subsidy is used for objectives other than those stated in the project plan or is reported with a false or inflated figure, the Commission may, depending on the severity of the circumstances, stop subsidizing the project apart from recalling the disbursed amount.