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TeachMeFinance.com - explain No Net Cost Tobacco Act of 1982 No Net Cost Tobacco Act of 1982 The term 'No Net Cost Tobacco Act of 1982 ' as it applies to the area of agriculture can be defined as ' P.L. 97-218 (July 20, 1982) 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 are assessed equally to build a capital account that is drawn upon to reimburse the Commodity Credit Corporation for any losses of principal and interest resulting from nonrecourse loans. 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'. Previous 5 Terms: Nnpi Enumerator No action alternative No apparent public health hazard No jeopardy opinion No net cost Next 5 Terms: No net loss wetlands policy No observable adverse effect level (NOAEL) No public health hazard No. 1 diesel fuel No. 1 distillate About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.