No Net Cost Tobacco Act of 1982


No Net Cost Tobacco Act of 1982

The No Net Cost Tobacco Act of 1982 (P.L. 97-218) required that the Tobacco Price Support Program operate at no net cost to taxpayers, other than for the administrative expenses common to all price support programs. To satisfy this mandate, sellers and buyers (including importers) of tobacco were assessed equally to build a capital account that was drawn upon to reimburse the Commodity Credit Corporation (CCC) for any losses of principal and interest resulting from nonrecourse loan operations. Other provisions of this law provided for reducing the level of support for tobacco and made various modifications to the marketing quota and acreage allotment programs. No net cost assessments ended when price support was terminated after the 2004 crop.

References


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • No net cost — is a requirement that certain commodity programs operate at no net cost to the federal government. The No Net Cost Tobacco Act of 1982 (P.L. 97 218) required an assessment on 1982 and subsequent tobacco crops to cover potential tobacco price… …   Wikipedia

  • Health effects of tobacco — Part of a series on Tobacco …   Wikipedia

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

  • List of Statutory Instruments of the United Kingdom, 1992 — This is a complete list of all 1922 Statutory Instruments published in the United Kingdom in the year 1992. NOTOC 1 100* North Hull Housing Action Trust (Transfer of Property) Order 1992 S.I. 1992/1 * Merchant Shipping (Radio Installations)… …   Wikipedia

  • Political positions of John McCain — U.S. Senator John McCain (R AZ), a member of the U.S. Congress since 1983, a two time U.S. presidential candidate, and the nominee of the Republican Party in the 2008 U.S. Presidential election, has taken positions on many political issues… …   Wikipedia

  • Climate change mitigation — Fossil fuel related CO2 emissions compared to five of IPCC s emissions scenarios. The dips are related to global recessions. Data from IPCC SRES scenarios; …   Wikipedia

  • Aboriginal peoples in Canada — Native Canadian redirects here. For Canadian born people in general, see Canadians. Aboriginal peoples in Canada …   Wikipedia

  • Mitigation of global warming — involves taking actions to reduce greenhouse gas emissions and to enhance sinks aimed at reducing the extent of global warming. [ [http://www.ipcc.ch/pdf/glossary/ar4 wg3.pdf IPCC Glossary Working Group III, p. 818] ] This is in distinction to… …   Wikipedia

  • DDT — For other uses, see DDT (disambiguation). DDT …   Wikipedia