The Director of the Department of Revenue and Taxation shall promulgate, in accordance with the Administrative Adjudication Law, rules and regulations:

(a) adopting a schedule of taxicab fares establishing mandatory fares for all hires of taxicabs;

(b) regulating the calibrating of taxicab meters; and

(c) establishing any other procedures or requirements that the Director deems appropriate to ensure that taxicabs are operated efficiently and safely and to ensure that residents and tourists are provided with adequate taxicab service. Such regulations shall provide for the suspension or termination of taxicab driver’s licenses of individual taxicab drivers and for the suspension or termination of the business licenses of taxicab companies when the Director finds either such individuals or companies in substantial noncompliance with the regulations promulgated pursuant to this Section.

SOURCE: Enacted by P.L. 18-15:X:50.