28. The Agency also has authority over local public bus transportation in the territory of any public transit operating authority or municipality which applies therefor.
The application shall specify the public transportation services to be provided, the manner in which and, where applicable, the time during which such services are to be provided, and may pertain to the organization of a shared transportation service by taxi.
The authority or the municipality shall pay to the Agency the cost of the service within the time it indicates, after deducting the revenue generated by the service and every subsidy related thereto.