Chapter Ⅵ Fund
Article 35
The incomes of an educational association are as follows:
1. Admission fee paid by each member when joining the association.
2. Annual membership dues paid yearly.
3. Donations from members.
4. Operating fee.
5. Commission revenue.
6. Funds and interest of funds.
7. Subsidies from the government.
8. Other incomes.
The amounts mentioned in Subparagraph 1 and Subparagraph 2 of the preceding paragraph and the regulations for receiving fees shall be provided in the bylaw of the educational association.
Article 36
The raising of the operating fee provided in Subparagraph 4 of Paragraph 1 of the preceding article shall be included in the annual plan of each educational association and implemented after being passed by resolution at the members ’ (member representatives ’ )general meeting.
Article 37
The annual budge book and final accounts book of educational association should be checked by the board of directors, reported to general meeting for adoption and finally submitted to competent authorities for reference.
Article 38
When being dissolved, educational associations should carry out liquidation work and the personnel in charge of the liquidation are to be appointed in general meeting; when no personnel can be appointed, the competent authorities, prosecutors or stakeholders should request the court to appoint the personnel in charge of the liquidation work.
The residual property of educational association after liquidation goes to the newly organized educational association, when no enough members are available to form a new educational association, the residual property goes to the educational association of upper level.
Article 39
Enterprises run by educational association should have separate accounts, and the accounts should be sent to the board of supervisors for auditing and passed by resolution at the members’ (member representatives’) general meeting for check and adoption, and then sent to competent authorities and educational authorities for reference.
After the enterprises run by educational association are closed, the relevant rights and obligations are to be borne by the educational association.