 bill no lz5 of 1882 the sugar development fund (amendment) bill, 1982 a billto amend the ~ugar development fund act, 1982 be it enacted by parliament in the thirty-third yeaa: of the republic of india as follows:-1 (1) this act may be called the sugar development fund (amend-short title ment) act, 1982 and 40f 1982 commencement 5 (2) it shall come into force on such date as the central government may, by notification in the official gazette, appoint amendment of section 4 2 in section 4 of the sugar development fund act, 1982, in subsection (1), after clause (b), the following clause shall be inserted, namely:-10 "(bb) for defrayidc expenditure for the purpose of building up and mamt8nance of bufter stocks of sugar with a view to stabilising price of sugar;"'  statement of objects and reasonsthis bill is a sequel to the sugar cess (amendment) bul, 1982 for the purpose of generating the necessary funds for maintaining buffer stocks of sugar, the sugar cess (amendment) bill, 1982, seeks to amend the sugar cess act, 1982, for increasing the rate at which cess may be levied under that act on sugar this bill seeka to amend the sugar development fund act, 19~, to provide that the sugar development fund under -the act, to which the proceeds of the duty of excise levied and collected under the sugar cess act, 1982 as reduced by the cost of collection are required to be credited after due appropriation made by parliament by law, may be utilised also for the purpose of defraying some holding costs and interest charges to sugar mills for building up and maintenance of buffer stocks of sugar 2 the bill seeks to achieve the above object new delhi; the 2nd october, 1982 rao birendra singh  president's recommendation under article 117 of the consti'i1jtion of india[copy of letter no 14-5f82-sdi (b), dated the 2nd october, 1982 from rao birendra singh, minister ot agriculture and rural develop-~t to the ,~tary, lok sabha] the premdent, having been informed of "the subject matter of the sugar developmeht !'lind (amett4ment) bib, 1982, rewnrrnends the consideration ot the bill in lot sabha under article 117 (3) of the constitution i  sub-aection (1) of section 4 of the sugar development fund act, 1982 specifies the purposes for which sugar development fund may be applied clause 2 of the bill inki to amend this sub-section to provide for the applicati~n of the fund for the purpose of implementing the scheme of bu1!er stocks of sugar '!'he expenditure for implementing the scheme (excluding the xpenditure on additional staff,· equipment, etc) ts likely to be of the! order of rupees 49 crores per year the expenditure on additional staff, office equipment, etc, wid be both of a tlod-rnculting mid also of a reeurring nature, lad the non-reeurring expenditure is likel¥ to be 50 thousand rupees whilst the recurring expenditure is likely to be about rupees 35 lakhs per year 2 the bill does not involve any other expenditure, whether at a recurring or non-recurring nature  annexure extract from the sugar devblopmiint fmm act, 1982(4 of 1982) - - - - - 4 (1) the fund shall be applied by the central government,-- - - - - application of fund (~) for making grants for the purpose of any research project aimed at development of sugar industry; - - - - - ,  a bill to amend the sugar development fund act, 1982(rcao btretad1''' singh, miftilter oj agrict&uure cmci rtwgi de17dopftaftt) - 