Section 72146 Of Article 7. Termination From California Water Code >> Division 20. >> Part 9. >> Chapter 4. >> Article 7.

. The assessment authority conferred pursuant to this chapter shall not extend beyond fiscal year 1976-77 production, and the power to collect production assessments shall cease and terminate after exhaustion of all remedies of the assessing districts as to such 1976-77 production. Nothing in this section shall preclude the commitment or expenditure of assessment proceeds remaining after the termination of such assessment authority.