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(1) Upon the earlier of 30 years from the date an approved project is placed in service or the sale or transfer of the affordable housing units acquired, constructed, or rehabilitated as part of an approved project funded under Section 35A-8-511, the housing sponsor shall remit to the department:
(a) the total amount of money distributed by the department to the housing sponsor for the project; and
(b) an additional amount of money determined by contract with the department prior to the initial disbursement of money from the Economic Revitalization and Investment Fund.
(2) Any claim arising under Subsection (1) is a lien against the real property funded under this chapter.
(3) Any money returned to the department under Subsection (1) shall be deposited in the Economic Revitalization and Investment Fund.