Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Section 5 of chapter 511 of the acts of 1981 is hereby amended by striking out, in lines 13 to 16, inclusive, the words "from the nine-member revitalization committee, which was created by the October twenty-ninth, nineteen hundred and seventy-nine special town meeting,".
SECTION 2. Clause (b) of section 6 of said chapter 511 is hereby amended by inserting after the word "congested", in line 3, the word:- , decadent.
SECTION 3. Section 7 of said chapter 511 is hereby amended by striking out the last paragraph.
SECTION 4. Said chapter 511 is hereby further amended by inserting after section 7 the following section:-
Section 7A. The town shall establish a community development advisory committee consisting of seven residents of the town to advise the selectmen and the authority on matters relative to community development as set forth in this act. The moderator shall appoint members to the community development advisory committee from a list of names submitted to him by the selectmen. The rules governing the composition of the committee shall be established by the committee and the authority subject to the approval of the selectmen except that the committee shall be representative of disparate social and economic segments of the town considering such factors as income, ethnic heritage, racial origin, age and sex. Said committee shall also serve to fulfill state and federal laws or regulations relative to citizen participation including advisory boards, project committees, or similar entities provided that the committee's composition shall be in conformance with such laws or regulations as may be imposed from time to time. No member of the authority shall serve concurrently as a member of said committee.
SECTION 5. Section 9 of said chapter 511 is hereby amended by striking out the first sentence and inserting in place thereof the following two sentences:-
The town or authority may obligate itself, in any contract with the federal government for a loan or the payment of annual contributions authorized by general law or this act, to convey to the federal government the project to which such contract relates upon the occurrence of a substantial default with respect to the covenants, terms, and conditions of such contract to which the town or the authority is subject. Such contract may further provide that, in case of such conveyance, the federal government may complete, operate, manage, lease, convey, or otherwise deal with the project in accordance with the terms of such contract, provided that the contract shall require that, as soon as practicable after the federal government is satisfied that all defaults on account of which it acquired the project have been remedied and that the project will thereafter be operated in compliance with the terms of the contract, the federal government shall reconvey to the town or authority the project in the condition in which it then exists.