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 6 of the charter of the town of Provincetown, which is on file in the office of the archivist of the commonwealth as provided in section 12 of chapter 43B of the General Laws, is hereby amended by striking out section 7-1 and inserting in place thereof the following section:-
Section 7-1. There shall be a finance committee as provided by section 16 of chapter 39 of the General Laws, consisting of 7 regular members and 2 alternate members appointed by the moderator for 3-year overlapping terms. The terms of at least 3 members shall expire each year, provided that not more than 1 alternate member’s term expires in a given year.
SECTION 2. As the terms of finance committee members expire over the next 3 years, following the effective date of this act, the moderator shall adjust the terms so that the terms of 3 members, including the alternate members, shall expire each year with not more than 1 alternate member’s term expiring in a given year.
SECTION 3. This act shall take effect on April 30, 2013.
Approved, December 28, 2012.