PUBLIC LAW 97-218—JULY 20, 1982
96 STAT. 197
Public Law 97-218 97th Congress An Act To provide for the operation of the tobacco price support and production adjustment program in such a manner as to result in no net cost to taxpayers, to limit increases in the support price for tobacco, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE
1. This Act may be cited as the "No Net Cost Tobacco Program Act of 1982". SECTION
July 20, 1982 [H.R. 6590]
No Net Cost Tobacco Program Act of 1982. 7 USC 1281 note.
FINDINGS
SEC. 2. Congress finds that— (1) in order to implement the intent of Congress, as expressed in the Agriculture and Food Act of 1981, that the tobacco price support and production adjustment program be carried out at no net cost to the taxpayer, other than administrative expenses common to the operation of all price support programs, it is necessary that producers of quota tobacco share equitably in l>elping to eliminate losses which may be incurred in carrying out the program; (2) producers of quota tobacco should be required, as a condition of receiving the benefits of price support for their tobacco, to contribute to a capital account to be established by each producer-owned marketing association through which price support advances are made available to producers; and (3) the account so established should be used by the associations exclusively for the purpose of achieving a no net cost tobacco program.
7 USC 1445-1 note. 7 USC 1281 note.
TITLE I—MODIFICATION OF TOBACCO PRICE SUPPORT PROGRAM PRODUCER CONTRIBUTIONS TO NO NET COST TOBACCO FUND
SEC. 101. Effective for the 1982 and subsequent crops of tobacco, the Agricultural Act of 1949 (7 U.S.C. 1421 et seq.) is amended by inserting, following section 106, a new section 106A as follows: PRODUCER CONTRIBUTIONS TO NO NET COST TOBACCO FUND
"SEC. 106A. (a) As used in the section— "(1) the term 'association' means a producer-owned cooperative marketing association which has entered into a loan agreement with the Corporation to make price support available to producers;
Definitions. 7 USC 1445-1.
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