(A) A certificate issued under the provisions of this section may be revoked or suspended by the Legislative Authority if the holder thereof has:
(1) Violated any of the provisions of this section;
(2) Discontinued operations for more than 30 days;
(3) Violated any state or local law or regulations which reflects unfavorably on the fitness of the holder to offer public transportation.
(B) Prior to suspension or revocation, the holder shall be given notice of the proposed action to be taken and shall have an opportunity to be heard.