(a) If in the referendum a majority of the cotton producers who vote therein vote in favor of levying and collecting the assessment proposed in the referendum, the assessment shall be levied on a per bale basis and collected in the manner hereinafter provided.
(b) All cotton producers who produced cotton in the crop year immediately preceding the referendum may participate in the referendum. Following the referendum and within 30 days thereafter, the certified commission shall canvass, tabulate, and publicly announce the results.
(c) The assessment levied upon the sale of cotton may not exceed one dollar and thirty cents ($1.30) per bale. The commission shall determine the assessment amount on an annual basis.