| Legislative： |
1. Enacted and promulgated on September 8, 1966 by the Executive Yuan
2. Amended and promulgated on January 26, 1967 by the Executive Yuan
3. Amended and promulgated on December 13, 1974 by the Executive Yuan per Doc. (63)-Tai-Jing-Zi No. 9220
4. Full context of 13 articles were amended and promulgated on May 14, 1997 by the Executive Yuan per Doc. (86)-Tai-Jing-Zi No. 19151
5. Article 1 was amended and promulgated on December 14, 2006 by the Executive Yuan per Doc. Yuan-Tai-Jing-Zi No. 0950049994 |
| Content： |
Article 1
In addition to following the Statute for Sugar Stabilization Fund in the
Taiwan Area (hereunder referred to as the Statute), the enforcement of
the Sugar Stabilization Fund in the Taiwan Area (hereunder referred to
as the Stabilization Fund) shall comply with the Enforcement Regulations.
Taiwan Area’s granulated sugar, as referred to in the Statute, is
limited to the sugar processed from the raw material produced in the
Taiwan Area.
Article 2
Taiwan Sugar Corporation (hereunder referred to as Taisugar) shall be
responsible for custody, revenues/payments and utilization of the
Stabilization Fund, whereas the Ministry of Economic Affairs shall be
in the role of supervision.
Article 3
The Stabilization Fund Account, as referred to in Article 6 of the
Statute, shall be opened under the name of the Stabilization Fund at a
state-run bank, and all of Stabilization Fund’s revenues and payments
shall be processed through the Account.
Article 4
Taisugar shall set up the account books of the Stabilization Fund to
document all of the revenues and payments of the Stabilization Fund,
prepare the monthly financial report of the Stabilization Fund every
month and year-end revenue/payment report of the Stabilization Fund
at the end of each year, report them to the Ministry of Economic
Affairs for filing and reference, and distribute them to the
Directorate-General of Budget, Accounting and Statistics of Executive
Yuan, Ministry of Finance and Ministry of Audit, respectively.
Article 5
Taisugar shall calculate the amount to be lodged for the Stabilization
Fund and convert it into NT dollars according to the price of the
packed sugar shipped on FOB Taiwan when processing exchange settlement
for each export, and request the forex bank to directly deduct the
amount and deposit it into the Stabilization Fund Account. In case of
export of bulk sugar, the amount to be lodged for the Stabilization
Fund shall be calculated according to the invoice price based on FOB
Taiwan plus the packing fee. For the sugar export price required to
include the discharge at the unloading port and sugar brix, the amount
to be lodged shall first be calculated according to Taisugar’s sugar
revenue at the time of exchange settlement and, after the discharge
and sugar brix are finalized, it shall then be adjusted according to
the final closing price.
The packing fee, as referred to in the preceding paragraph, shall
be calculated according to Taisugar’s packing budget ratified by the
government.
Article 6
According to Article 4 of the Statute, when processing the lodgment for
the Stabilization Fund, the direct expenses, such as ad valorem stamp
duties, commissions and exchange settlement service fees, calculated
from the selling price shall be paid by Taisugar.
Article 7
At the end of October each year, Taisugar shall finalize the actual
amount received from November 1st of the previous year until October
31st of the current year, after deducting the amount lodged for the
Stabilization Fund, as well as the total quantity and price amount of
the sugar actually purchased from the growers over the past 12 months.
If the actual average selling price for the year is lower than the
guaranteed sugar price plus the packing fee as well as the direct
marketing fee, the deficit shall be made up from the Stabilization Fund.
Article 8
In the case that the Stabilization Fund is insufficient to pay the
aforesaid deficit, Taisugar shall report it to the Ministry of Economic
Affairs to obtain the treasury’s guarantee for the bank loan and make
up the deficit.
Article 9
The interest, as referred to in Article 9 of the Statute, refers to the
best preferential interest rate provided by the bank for the Stabilization
Fund, and is deposited into the Stabilization Fund Account.
Article 10
When required, Taisugar may utilize the balance left in the Stabilization
Fund after paying the difference from the guaranteed sugar price, as the
financial source for sugarcane growers’ low-interest loans, promotion of
agricultural mechanization and other related loans, after approval by the
Ministry of Economic Affairs.
Taisugar shall follow the interest rate ratified by the Ministry of Economic
Affairs to calculate the interest of the aforesaid loans, and the interest
income shall be deposited in the Stabilization Fund Account accordingly.
Article 11
Taisugar may utilize the interest gained from the Stabilization Fund to
subsidize and encourage sugarcane growers to improve their production
technology, after approval by the Ministry of Economic Affairs.
Article 12
After closing the annual revenues and payments of the Stabilization Fund
each year, the Ministry of Economic Affairs shall dispatch its personnel
to audit the Stabilization Fund’s revenues and payments, accounting
certificates, deposits and utilization status, followed by reporting the
results to the Executive Yuan for filing and reference. At the same time,
the Ministry of Economic Affairs may also have its personnel perform a random
check on revenues, payments, custody and utilization of the Stabilization
Fund at any time.
Article 13
The Enforcement Regulations shall be enforced as of the day of promulgation. |