Section 77375 Of Article 8. Continuation Or Suspension And Termination From California Food And Agricultural Code >> Division 22. >> Part 2. >> Chapter 17. >> Article 8.
77375
. After the effective date of suspension, the operation of the
commission shall be concluded and any and all funds remaining held
by the commission and not required to defray the expenses of
concluding and terminating operations of the commission, shall be
returned upon a pro rata basis to all persons from whom assessments
were collected in the immediately preceding marketing year. However,
if the commission finds that the amounts so returnable are so small
as to make impractical the computation and remitting of the prorated
refund to these persons, any funds remaining after payment of all
expenses of winding up and terminating operations shall be withdrawn
from the approved depository and paid into an appropriate program
conducted by the University of California or the California State
University system, another state agency, or a federal agency that
deals with the purposes of this chapter. If an appropriate program
does not exist, the funds shall be paid into the State Treasury as
unclaimed trust funds.