[Added 1966 (Ch. 6 of the 1968 Bylaws)]
[Amended 1986]
A.
There shall
be a Capital Budget Committee composed of one member of the Town Advisory
Committee, appointed by and from it, and two members to be appointed
by the Town Moderator. They shall be appointed for staggered three-year
terms.
B.
Any vacancies
occurring shall be filled in the manner of the original appointment
and the term shall be for the remainder of the original appointee's
term.
The Committee shall consider all matters relating to proposed
expenditures of money for capital improvements and may make recommendations
to the Town and all Town boards, officers and committees with reference
to such expenditures, and may hold hearings if the Committee so desires.
[Amended 1973; 4-25-2023 ATM by Art. 15]
The various Town boards, officers and committees charged with
the expenditure of Town money shall, before December 1 of each year,
prepare and file with the Committee detailed estimates of the amounts
deemed by them advisable for the Town to expend for capital projects
annually for a period of six years, together with explanatory statements
providing such additional information about each proposed capital
project as reasonably may be requested by the Committee.
[Amended 1987]
The Committee shall make a report annually of the matters so
considered by it, with recommendations or suggestions relative thereto.
Said report shall appear in the report of the Advisory Committee to
the Annual Town Meeting and in the Annual Town Report.
[Amended 1987; 4-25-2023 ATM by Art. 15]
For the purpose of this bylaw, a "capital improvement or project"
shall be a physical betterment or item of equipment having a useful
life, of at least five years, and a cost of $25,000 or more.
