(a) The public transportation systems and facilities operated by a regional transit district are exempt from any of the regulatory provisions of Title 30 except that the transportation board may impose any regulatory provisions of Title 30 that it may determine from time to time to be necessary.

(b) A regional transit district and its systems and facilities shall be exempt from the sales, purchase, and use taxes and from motor vehicle registration fees except those registration fees applicable to municipalities. (Added 1981, No. 195 (Adj. Sess.), § 1.)