§302A-1609 Refunds of fees.
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§302A-1609 Refunds of fees. [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. [L 2007, c 245, pt of §2; am L 2010, c 188, §12; am L 2020, c 72, §7; am L 2021, c 217, §12; am L 2025, c 268, §7]