[HISTORY: Adopted by the Representative Town Meeting of the Town of Branford 4-13-2005. Amendments noted where applicable.]
Editor's Note: Former Ch. 42, Firemen's Fund, adopted 10-9-1933, was repealed 2-8-1995.
All financial obligations to which the Town shall be party, whose term is greater than one year and whose dollar value exceeds $10,000 per year, including all contracts and renewals, extensions, amendments or modifications of any contracts, and grant-eligible school building projects, shall be subject to approval by the Board of Selectmen with the review of the Board of Finance, which shall serve in an advisory capacity to the Board of Selectmen.
All such similar financial obligations which the General Statutes empower the Board of Education to approve shall also be subject to the advisory review of the Board of Finance prior to commitment. If said review has not occurred within 31 days of the request from the Board of Education, said requirement is waived.
All financial terms, conditions and benefits contained within employment or other contracts between the Board of Education and the Superintendent of Schools, which exceed the statutory authorized length of three years, shall be subject to the approval of the Board of Finance and the Board of Selectmen.
All contracts that are required to be brought before the Branford RTM for its approval are not subject to the provisions of this chapter.