[§302A-1609]  Refunds.  If the fee inlieu or impact fee is not expended within twenty years of the date ofcollection, the department shall either:

(1)  Refund to the developer, or the developer'ssuccessor in interest, the amount of the fee in lieu paid and any interestaccrued thereon; or

(2)  Recommit the fees for another twenty-year periodfor construction of new schools in the school impact district, as authorized bythe developer or the developer's successor. [L 2007, c 245, pt of §2]