GuaranteePaymentofrequiredshareexstingdebtnheritanceofthedeveopmentofunversityhospitasithiliIil assocatedw11NIAD-QE has inherited all of the debt owed by the former National School Special Account to the Fiscal Loan Fund, and so is charged with repayment.To cover these repayments, national university corporations designated by the Minister of Education, Culture, Sports, Science and Technology are required to pay NIAD-QE a sum determined by the Minister. NIAD-QE collates these contributions and makes repayments to the Fiscal Loan Fund.National university corporations with outstanding debt are deemed to have pledged guarantees for the debt assumed by NIAD-QE.Management and Disposition of Former Specified School AssetsFormer specified school assets are prescribed in the former National School Establishment Act. Specifically, these are national school assets that have become superfluous to requirements by relocation or the development of high-rise facilities. This occurs when the income from their disposition amounts to more than ¥10 billion, and the Minister of Education, Culture, Sports, Science and Technology has designated them as such assets following consultations with the Minister of Finance.Along with managing and disposing of former specified school assets transferred to it by the government, NIAD-QE uses the income from these activities to fund its program of grants for facilities.Repayment of Inherited DebtsRepaymentGovernmentNational university corporationsspecified by the Ministerof Education, Culture, Sports, Science and TechnologyFiscal Loan Fund⃝ Repayment Outline for Inherited DebtsNIAD-QENIAD-QE
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