Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Chapter 338 of the acts of 1994 is hereby amended by striking out section 3 and inserting in place thereof the following section:-

Section 3. Duties and Responsibilities:

The finance director shall be responsible for coordinating the fiscal management procedure of the office of the treasurer, the office of the tax collector and the position of the town accountant, and be the administrator of budgeting including financial and programmatic implications of current and future policies to all town departments and the board of selectmen. The finance director shall be responsible for coordinating all financial tasks upon the dates specified in the department of revenue municipal calendar, as amended. The finance director shall assist the town administrator to develop guidelines to be followed by all town departments for purchasing supplies and equipment subject to the applicable laws of the commonwealth.

SECTION 2. Section 4 of said chapter 338 is hereby amended by adding the following paragraph:-

The finance director shall relinquish control and responsibility as chief procurement officer, personnel administrator, and risk management as those duties shall be assumed by the position of town administrator. The finance director may also appoint a treasurer, as well as the person or persons to direct the division of town accountant and collector, subject to the approval of the board of selectmen. These officers shall report directly to the finance director.