In addition to those town agencies and officers created by the General
Laws, a Capital Expenditures Committee is hereby established for the purpose
of advising the Board of Selectmen and the Finance Committee as to certain
anticipated capital outlays of the town.
As used in this chapter, the following terms shall have the meanings
indicated:
CAPITAL OUTLAYS OR ANTICIPATED CAPITAL OUTLAYS
Shall include the acquisition, construction, reconstruction or repairs
to real or personal property or public improvements of the town, whose useful
life is greater than three years and whose cost is anticipated to be $25,000
or more, and for which the town may incur debt under M.G.L. c. 44, § 7
or 8, but not including projects to be paid for by state or federal funds,
such as Chapter 90 state road funds. Capital outlays shall include, but not
be limited to, telecommunication systems and computer hardware or software.