Subject to section 118, an assisted school is either—
(a) an educational institution whose property is owned by a private proprietor, denominational body, a trust, an individual or any incorporated or unincorporated body and which has agreed to receive public funds for one or more of the following purposes—
(i) maintenance of the educational institution,
(ii) provision of school furniture or equipment,
(iii) the building of an extension to the educational institution or its rebuilding thereof,
(iv) payment of the salaries of the staff, and
(v) any other purpose approved by the Minister;
(b) an educational institution whose property is jointly owned by the Government and a private proprietor or a denominational body—
(i) and the management is jointly shared between the Minister and the private proprietor or denominational body, and
(ii) is in receipt of public funds for any of the purposes specified in paragraph (a); or
(c) the educational institution is owned by the Government and the Minister agrees that it should become an assisted school for the purposes of its management.