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Results of audit.

NYC Admin. Code § 26-1503
in effect
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§ 26-1503 Results of audit. Where an audit performed pursuant to section 26-1502 reveals that a building owner is not in compliance with the applicable affordability requirements, the department shall take action to bring such building into compliance, which action may include, but need not be limited to, commencing tax exemption revocation proceedings. (L.L. 2017/193, 10/16/2017, eff. 10/16/2018)
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-47914Fetched: 10/24/2026

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26-1503 | Corpus