§ 19-531 Public sale of taxicab licenses.
AC § 19-531
Notwithstanding any other provision of this chapter to the contrary, the commission is hereby authorized to issue additional taxicab licenses, provided, however, that the number of such additional licenses issued shall not exceed four hundred. Such additional licenses shall be issued by public sale and shall be fully transferable, and shall be subject to the provisions of this chapter and of chapter sixty-five of the New York city charter, except that they shall not be subject to the provisions of section 19-504.1 of this code. The commission shall prescribe by regulation the procedures for the issuance and public sale of such additional licenses, by public auction, sealed bids or other competitive process.
