The ability for Sea Girt to impose, collect and expend development fees shall expire with its Judgment of Compliance and Repose. If Sea Girt fails to renew its ability to impose and collect development fees prior to the expiration of its Judgment of Compliance and Repose it may be subject to forfeiture of any or all funds remaining within its municipal trust fund. Any funds so forfeited shall be deposited into the "New Jersey Affordable Housing Trust Fund" established pursuant to section 20 of P.L. 1985, c. 222 (C. 52:27D-320). Sea Girt shall not impose a residential development fee on a development that receives preliminary or final site plan approval after the expiration of its Judgment of Compliance and Repose, nor shall Sea Girt retroactively impose a development fee on such a development. Sea Girt shall not expend development fees after the expiration of its Judgment of Compliance and Repose.