26.3.2 Funds

“Funds” shall mean any cash, deposits and securities that may be used for a payment.

26.3.2.1 Commission of Management of Funds
The management of funds shall be performed by the Vice President for Financial Management.

26.3.2.2 Short-term Loans
The Vice President for Financial Management may raise money to cover any temporary shortage of funds by obtaining short-term loans based on the approval granted by the CEO/President and the Secretary General.

26.3.2.2.1 The Vice President for Financial Management shall, in principle, compile a cash flow projection under which any short-term loan may be paid back within the same fiscal year.

26.3.2.3 Long-term Loans
The Corporation shall receive approval from Prime Minister when borrowing funds with a payment period exceeding one year as stipulated in Article 10 of Okinawa Institute of Science and Technology School Corporation Act.