The Finance Committee shall also serve as the
Capital Planning Committee (the "Committee").
The Committee shall submit its approved capital expenditure
budget to the Annual Town Meeting for adoption by the Town.
Such capital expenditure budget, after its adoption,
shall permit the expenditure on projects included therein of sums
from departmental budgets for surveys, architectural or engineering
advice, options or appraisals, but no such expenditure shall be incurred
on projects which have not been so approved by the Town through the
appropriation of sums in the current year or in prior years, or for
preliminary planning for projects intended to be undertaken more than
five years in the future.
The Committee's recommended capital expenditure
budget shall be published and made available in a manner consistent
with the distribution of the Finance Committee's report.