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. Section 1 of chapter 446 of the acts of 1950, as appearing in section 3 of chapter 200 of the acts of 2011, is hereby amended by striking out the fifth, sixth, seventh and eighth sentences and inserting in place thereof the following sentence:- The treasurer shall have all the powers and duties imposed by law and ordinance on municipal treasurers and collectors of taxes.
SECTION 2. Section 2 of chapter 200 of the acts of 2011 is hereby repealed.
SECTION 3. The city council of the city of Malden may from time to time, as it considers necessary and appropriate, appoint by majority vote, a chief financial officer, who shall serve for the 3 years next ensuing. The treasurer, the controller of accounts or a member of the board of assessors may, at the city council's discretion, simultaneously hold the office of chief financial officer. The compensation of the chief financial officer shall be fixed by ordinance, which shall specify the salary for the position of chief financial officer alone, and for the position of chief financial officer held in combination with the office of treasurer, controller of accounts or assessor. The chief financial officer shall administer, coordinate and supervise all financial services, activities and officers, and assist in all matters relating to municipal financial affairs. The chief financial officer shall, under the direction of the mayor, prepare the annual appropriation order for consideration by the city council and, under the direction of the mayor and city council, develop and implement a long range capital plan. The chief financial officer shall make recommendations to the mayor and city council for enhancing revenue and revenue collections and shall perform such other duties as prescribed by the mayor and city council.
SECTION 4. This act shall take effect upon its passage.
Approved, September 26, 2012.