Tobacco Market Transition Act

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Tobacco Community Revitalization Trust Fund Title II: Tobacco Market Transition Assistance Title III: Establishment of Private Tobacco Production Adjustment and Quality Assurance Programs Tobacco Market Transition Act - Title I: Tobacco Community Revitalization Trust Fund - Establishes in the Treasury the Tobacco Community Revitalization Trust Fund which shall make expenditures available for specified compensation, transition, and related assistance to tobacco producers. Authorizes appropriations (as repayable advances). Title II: Tobacco Market Transition Assistance - Directs the Tobacco Production Control Corporation (Corporation) (established by this Act) to temporarily: (1) compensate eligible quota tobacco holders for loss of tobacco quota asset value; and (2) make transition payments to eligible active tobacco producers. Sets forth payment provisions. (Sec. 203) Directs the Secretary of Agriculture to: (1) forgive specified loans to tobacco loan associations; and (2) transfer to such associations appropriate loan inventory titles and no net cost tobacco funds. (Sec. 204) Directs the Corporation to provide grants to eligible political subdivisions f…