Section 78004 Of Article 8. Continuation Or Suspension And Termination From California Food And Agricultural Code >> Division 22. >> Part 2. >> Chapter 20. >> Article 8.
78004
. 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 may 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 pro rata
refund to these persons, any funds remaining after payment of all
expenses of winding up and terminating operations may be withdrawn
from the approved depository and paid into the Kee Kitayama Research
Foundation, or an appropriate program conducted by the University of
California or the California State University, another state agency,
or a federal agency that deals with the purposes of this chapter. If
no such program exists, the funds shall be paid into the State
Treasury as unclaimed trust funds.