[Repeal and reenactment on July 1, 2029. L 2025, c 268, §14.] If a fee in lieu is not expended within twenty years of the date of collection, the authority shall either:
(1) Refund to the developer, or the developer's successor in interest, the amount of the fee in lieu paid and any interest accrued thereon; or
(2) Recommit part or all of the fees for another twenty-year period for construction of new schools in the school impact district, as authorized by the developer or the developer's successor.