Section 499-EEEE. Revocation of tax abatement

1. The department of finance
  shall revoke, in whole or in part, any tax abatement granted pursuant to
  this title whenever a designated agency has determined and notified  the
  department of finance that:
    (a) an applicant has failed to comply with a requirement of this title
  or  any  rule  promulgated  hereunder  at any time during the compliance
  period, including without limitation any of the continuing  requirements
  set forth in subdivision one of section four hundred ninety-nine-dddd of
  this title;
    (b) an eligible building has not been in compliance at any time during
  the  compliance  period  with  a  requirement  of this title or any rule
  promulgated hereunder;
    (c) the solar electric generating system for which a tax abatement was
  granted has at any time during the compliance period failed to meet  any
  requirement  for  a  solar  electric  generating system pursuant to this
  title or any rule promulgated hereunder;
    (d) the solar electric generating system has become a fire  or  safety
  hazard at any time during the compliance period; or
    (e)  an application, certification, report or other document submitted
  by the applicant contains a  false  or  misleading  statement  as  to  a
  material  fact or omits to state any material fact necessary in order to
  make the statement therein not false or misleading.
    2. The department of finance may revoke, in whole or in part, any  tax
  abatement granted pursuant to this title whenever it has determined that
  an  applicant  has  failed to comply with the continuing requirement set
  forth in subdivision two of section  four  hundred  ninety-nine-dddd  of
  this title.
    3.  Where  it has been determined by a designated agency, after notice
  and  an  opportunity  to  be  heard,  that  any  of  the  provisions  of
  subdivision  one  of  this  section  have  not  been complied with, such
  designated agency shall so notify the department  of  finance  no  later
  than the ninetieth day after the last day of the compliance period.
    4.  An  applicant  shall  pay,  with  interest,  such  part of any tax
  abatement received pursuant to this title that represents the period  of
  non-compliance  as determined by the designated agency or the department
  of finance, as the case may be. In addition,  a  designated  agency  may
  declare  any  applicant  ineligible for future tax abatement pursuant to
  this title if any application, certification, report or  other  document
  submitted  by  the applicant contains a false or misleading statement as
  to a material fact or omits to state  any  material  fact  necessary  in
  order to make the statement therein not false or misleading.