WASHINGTON — The Internal Revenue Service is auditing $228.1 million of “green” bonds issued in February 2007 by the Syracuse, N.Y., Industrial Development Agency to determine if they violated tax laws.

The IRS informed SIDA of the audit in a March 17 letter, less than a month after the issuer and the developer, Destiny USA Holdings LLC, sent a 13-page letter to the IRS warning that a legal dispute and the economy had caused it to fail to meet the requirements needed for the debt to be “qualified green building and sustainable design project” bonds.

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