Article 1 (Purpose) The purpose of these Rules is to provide for matters necessary for the management and operation of the Women's Development Fund (hereinafter referred to as “Fund”) among the provisions of the Seoul Metropolitan Government Framework Ordinance on Women’s Development (hereinafter referred to as the “Ordinance”).

Article 2 (Public Notice of Plan to Provide Fund) The Mayor shall provide public notice of a plan to provide the Fund for the following year in the second half of each year in two or more major daily newspapers.

Article 3 (Application for Receiving Fund and Decisions thereon, etc.) (1) A corporation or organization which intends to receive the fund (hereinafter referred to as “person”) shall submit an application for receiving the Fund in attached Form No. 1 and the following documents to the Seoul Metropolitan City Mayor (hereinafter referred to as the “Mayor”):
1. Business plan;
2. Articles of incorporation of a corporation or organization;
3. Current status of the corporation or organization and its records of performance over the latest one year.
(2) When an application for receiving the Fund under paragraph (1) is submitted, the Mayor shall investigate and examine the following matters and determine whether to provide the Fund following deliberation by the Deliberative Committee for the Operation of the Women's Development Fund (hereinafter referred to as the “Deliberative Committee”):
1. Whether the purpose of use is appropriate;
2. Whether the project in question is appropriate;
3. Whether the amount of money has been calculated in an appropriate manner;
4. Whether the applicant has capability to secure equity capital;
5. Whether the applicant has capability to conduct a project;
6. The applicant’s records of performing projects related to women over the latest one year.
(3) The Mayor shall inform the applicant of the details of what has been determined pursuant to the provisions of paragraph (2).

Article 4 (Ceiling on Fund) (1) A ceiling on the Fund shall be set within the scope of interest revenues of the Fund, and project costs shall be wholly or partially reimbursed after deliberation by the Deliberative Council.
(2) The remainder of the provided Fund among the interest revenues under paragraph (1) shall be re-accumulated to increase the Fund.

Article 5 (Modification, etc. of Business Plan) Where a person receiving the Fund intends to modify his/her business plan financed by the Fund, he/she shall obtain prior approval from the Mayor: Provided, That with regard to insignificant modifications, such as the schedule of implementation and places of a project, prior notice may be substituted in lieu thereof.

Article 6 (Ceasing Providing Fund and Retrieval) (1) Where a person receiving the Fund falls under any of the following cases, the Mayor may cease providing the Fund or collect it:
1. Where a person has received the Fund by deceit or any other fraudulent means;
2. Where a person has spent the Fund for a purpose other than the original purpose;
3. Where a person has relinquished his/her project;
4. Where a person fails to comply with his/her obligations, such as failing to embarking on his/her project within a prescribed period without a justifiable reason;
5. Other cases where a person violates the provisions of this Ordinance.
(2) Where collecting the Fund unjustly spent pursuant to paragraph (1), the principal thereof and accrued interests thereon shall be included therein.

Article 7 (Submission of Statement of Accounts, etc.) (1) A person who receives the Fund pursuant to Article 3 shall submit a report on the outcomes of the project and the accounting report to the Mayor after the completion of the project.
(2) The remainder of the Fund after the implementation of the project shall be returned to the Mayor at the time of submitting the accounting report.

Article 8 (Investigation on Accounting, etc.) (1) The Mayor shall conduct an accounting investigation and an appraisal of the project every year, with regard to the outcomes of the project and the accounting report under Article 7.
(2) Members for the accounting investigation and project appraisal shall be comprised of five or less persons from the Deliberative Committee members or outside experts.
(3) Members for the accounting investigation and project appraisal may be paid by allowances and travelling expenses within budgetary limits.

Article 9 (Meetings, etc. of Deliberative Committee) Meetings of the Deliberative Committee shall be convened with the attendance of a majority of registered members and resolved with the consent of the majority of members present.

Article 10 (Supervision) Where necessary for the proper implementation of the Fund, the Mayor may take necessary measures for supervision purposes, such as requiring the submission of accounting books and documents regarding the project subject to the provision of the Fund.

Article 11 (Management and Preservation of Archives) A public official responsible for the management of the Fund shall retain the following books listed in attached Forms No. 2 and No. 4, and manage and preserve the records on the matters related to the operation of the Fund:
1. Fund management book;
2. Fund payment book;
3. Cash book.

Article 12 (Provisions Applicable Mutatis Mutandis) Except as otherwise provided for in these Rules, the Seoul Metropolitan Government Rules on Financial Accounting shall apply mutatis mutandis to the management and operation of the Fund. <Amended on Nov. 1, 2007>