Act No. 14395, Dec. 20, 2016
Article 1 (Purpose) |
Article 2 (Operation and Management of Special Accounts) |
Article 3 (Revenues) |
1. | Money transferred from general accounts under Article 5; |
2. | Money transferred from other special accounts and funds; |
3. | Loans under Article 6; |
4. | Other revenues. |
Article 4 (Expenditures) |
1. | Grants to local governments to provide support for expenditures necessary to operate common education and child-care courses for early childhood three years immediately before attending kindergartens under the Early Childhood Education Act and child-care centers under the Infant Care Act; |
2. | Repayment of the principal and interest on loans received under Article 6; |
3. | Other expenses incurred in the operation of the special accounts. |
Article 5 (Transfer from General Accounts) |
(1) | The government shall transfer the amount determined by the budget of the relevant special accounts in the education tax under the Education Tax Act from general accounts to special accounts. |
(2) | The government shall transfer the amount determined by the budget other than transferred money pursuant to paragraph (1) for projects under Article 4 from general accounts to special accounts. |
Article 6 (Borrowings) |
(1) | Where the budget funds in the special accounts are in short supply, long-term loans may be borrowed to the extent of the amount approved by the National Assembly at the expense of the special accounts. |
(2) | Where funds in the special accounts are temporarily in short supply, temporary loans may be borrowed at the expense of the special accounts. |
(3) | The principal and interest on a temporary loan under paragraph (2) shall be repaid in the relevant fiscal year. |
Article 7 (Support, etc. for Local Governments) |
(1) | Where the Minister Education executes the budget of the relevant fiscal year for the Special Metropolitan City, a Metropolitan City, the Special Self-Governing City, |
(2) | Each City/ |
(3) | Each City/ |
Article 8 (Carrying Forward of Budget Expenditures) |
Article 9 (Disposal of Surplus) |
Article 10 (Reserve) |