SECTION 1. Notwithstanding the provisions of any general or special law to the contrary, the office of treasurer-collector for the town of Florida is hereby established.  The treasurer-collector shall have all the powers, perform the duties and be subject to the liabilities and penalties now or hereafter conferred and imposed by law on town treasurers and town collectors of taxes.  Said treasurer-collector shall be appointed, and may be removed, by the board of selectmen of said town.  The board of selectmen may establish an employment contract with the treasurer-collector for salary, fringe benefits and other conditions of employment, including but not limited to, severance pay, reimbursement for expenses incurred in the performance of the duties of office, liability insurance, and conditions of discipline, termination, dismissal, reappointment, performance standards and leave.

SECTION 2.  Notwithstanding the provisions of section one, the incumbents holding the offices of town treasurer and town collector on the effective date of this act shall continue to hold such offices and to perform the duties thereof until the expiration of the terms for which they were elected, unless they sooner vacate such offices.  After the terms of the incumbent town treasurer and town collector holding such offices on the effective date of this act have both expired, or both offices are sooner vacated, the board of selectmen shall appoint a treasurer-collector in the manner set forth in section 1 of this act.  In the event an incumbent town treasurer vacates his position prior to the expiration or vacating of office by the town collector, an interim town treasurer shall be appointed to serve until the town collector shall no longer serve.  In the event an incumbent town collector vacates his position prior to the expiration or vacating of office by the town treasurer, an interim town collector shall be appointed to serve until the town treasurer shall no longer serve.

SECTION 3.  This act shall take effect upon its passage.