[HISTORY: Adopted as Ch. XXVII of the Town Bylaws. Amendments noted where applicable.]
[Amended 2-11-1997 STM, Art. 12; 5-22-2021 ATM by Art. 1]
A committee to be known as the "Capital Program Committee" is hereby established under MGL c. 41, § 106B, composed of two members of the Finance Committee to be appointed by the Select Board and three additional members to be appointed by the Select Board. The members from the Finance Committee shall be appointed for one-year terms. The other members shall be appointed for three-year terms such that one will expire each year. None shall be a Town officer or Town employee. The Town Accountant shall be an ex officio member without right to vote. A member who ceases to reside in the Town or who accepts employment with the Town shall resign. A vacancy shall be filled for the unexpired term in the manner of the original appointment. The Committee shall choose its own officers. It may spend such sums as shall annually be appropriated for its use. A quorum shall be a majority of those in office. A majority of members present shall have power to act.
[Amended 5-22-2021 ATM by Art. 1]
The Committee shall study proposed capital outlays involving the acquisition of land or involving an expenditure of $10,000 and having a useful life of at least three years. All officers, boards and committees, including the Select Board and the School Committee, shall by September 1 of each year give to such Committee, on forms prepared by it, information concerning all projects anticipated by them to need Town Meeting action during the ensuing six years. The Committee shall consider the relative need, timing, and cost of these expenditures and the effect each will have on the financial position of the Town.
[Amended 2-11-1997 STM, Art. 12]
The Committee shall transmit its recommendation as to items for the ensuing fiscal year to the Finance Committee for its review and possible inclusion in the Town budget. No capital outlay of over $10,000 can be considered by Town Meeting unless a recommendation has been adopted by the Capital Planning Committee pursuant to this bylaw.