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Chapter Law Content

Chapter I General Provisions
Article 1
In order to respond accordingly to higher education development trends, enhance the quality of education, strengthen educational performance, and facilitate the flexible operations of university finances, each national university and tertiary college (herein under in the English translation of this Act the words “university” and “universities” refer collectively to both universities and tertiary colleges) shall establish a university endowment fund, and this Act has been enacted.
Article 2
A national university endowment fund (hereinafter referred to as a “university endowment fund”) is categorized as a special fund, under Article 4, Paragraph 1, Subparagraph 2, of the Budget Act, with a subordinate unit budget compiled.
Article 3
The sources of funding for a university endowment fund are as follows:
1. Government normal budget appropriations. This is separate to any subsidies or income specified in Subparagraph 2, item 4.
2. Self-generated income of the following nature:
(1) Income from tuition and other fees.
(2) Income from continuing education.
(3) Income from academia-industry cooperation.
(4) Income from government subsidies for scientific research or from government commissions.
(5) Site facility management income.
(6) Donation income.
(7) Investment income.
(8) Other income.
The government subsidies for scientific research referred to in Subparagraph 2, item (4) of the preceding paragraph are government subsidies for national universities in accordance with the relevant provisions of the Fundamental Science and Technology Act to advance the development of science and technology research.
Article 4
A university endowment fund is to be used for the following:
1. Teaching and research payments.
2. Personnel expense payments.
3. Student scholarship and grant payments.
4. Continuing education payments.
5. Academia-industry cooperation payments.
6. Asset and property addition, expansion, and improvement related payments.
7. Other university development related payments.