【正文】 if fails to meet the conditions at the expiration of a prescribed time limit, it shall be ordered to stop running the school, and if economic losses are caused, it shall bear the responsibility to pay pensation. Chapter X Supplementary Provisions Article 65 The privatelyrun schools mentioned in this Law include other privatelyrun institutions of education established according to law. The principals mentioned in this Law include the principal administrative persons in charge of other privatelyrun institutions of education. Article 66 Measures for administration of profitmaking privatelyrun training institutions registered with the administrative department for industry and merce shall be separately formulated by the State Council. Article 67 Measures for schools established and run cooperatively by overseas organizations or individuals within the territory of the People39。s government at or above the county level to rectify within a time limit。 (5) infringing upon the lawful rights and interests of a privatelyrun school。 (3) causing serious consequences due to careless administration。 and if a crime is constituted, it shall be investigated for criminal responsibility according to law: (1) failing to give a reply within the prescribed time limit to an accepted application for the establishment of a privatelyrun school。 if the circumstances are serious, the persons directly in charge and the other persons directly responsible shall be given administrative sanctions according to law。 (7) forging, counterfeiting, dealing in, renting or lending its license for running the school。 (5) seriously affecting education and teaching due to haphazard administration, which exerts a bad influence on society。 (3) publishing false general regulations of enrollment or advertisements for the purpose of defrauding money。 and if a crime is constituted, it shall be investigated for criminal responsibility according to law: (1) dividing or merging the privatelyrun school without authorization。 if there are unlawful gains derived therefrom, they shall be confiscated after returning the fees collected。 (2) wages payable to the teachers and staff members and the social insurance premiums that should be paid。 and where it is terminated because it cannot continue due to insolvency, the settlement shall be arranged by the People39。 or (3) it cannot continue due to insolvency. Article 57 When a privatelyrun school is to be terminated, it shall make proper arrangements for the students in school. When a privatelyrun school providing pulsory education is to be terminated, the examination and approval authority shall assist the school to make arrangements for the students to continue their studies. Article 58 When a privatelyrun school is to be terminated, it shall make financial settlement according to law. Where a privatelyrun school requests termination itself, it shall make arrangements for the settlement。 and where the application is made for alteration to a privatelyrun institution of higher education, the examination and approval authority may, within six months from the date it receives the application, likewise give a reply in writing. Article 56 Where a privatelyrun school is found in one of the following circumstances, it shall be terminated: (1) it is required to be terminated according to the provisions of the articles of association of the school, and the termination is approved by the examination and approval authority。s government concerned shall give it preferential treatment in accordance with the regulations on the use of land for, and the construction of, public welfare undertakings. No land to be used for education may be used for other purposes. Article 51 After the cost of a privatelyrun school is deducted, the funds for its development are withheld and the sum of money for other necessary expenses is drawn in accordance with the relevant regulations of the State, the fund providers may obtain a reasonable amount of requital from the cash surplus of the school. Specific measures for obtaining reasonable amounts of requital shall be formulated by the State Council. Article 52 The State takes measures to support and encourage public organizations and individuals to establish and run privatelyrun schools for the development of education in minority nationality areas and in outlying and povertystricken areas. Chapter VIII Alteration and Termination Article 53 The executive council or the board of directors of a privatelyrun school to be divided or merged into other schools shall, after financial settlement, apply to the examination and approval authority for approval. Where a privatelyrun school applies for division or merging, the examination and approval authority shall, within three months form the date it receives the application, give a reply in writing。s governments at or above the county level may take such measures as financial aid and the lease or transfer of idle Stateowned assets in support of privatelyrun schools. Article 46 Privatelyrun schools shall enjoy preferential taxation policy formulated by the State. Article 47 Civilianrun schools may, in accordance with the relevant laws and regulations of the State, accept donations afforded by citizens, legal persons or other organizations. The State, in accordance with relevant regulations, applies preferential taxation policy to citizens, legal persons or other organizations that donate property to privatelyrun schools, and bestows mendations on them. Article 48 The State encourages financial institutions to support the development of privatelyrun schools by means of credit. Article 49 Where a people39。 and they shall make arrangements or en