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The board of selectmen shall appoint a finance committee consisting of seven members for terms of three-years such that no more than two terms shall expire in any one year.
The finance committee shall annually report to the voters on the proposed annual budget and all financial articles in any town meeting, shall be responsible for emergency transfers from the reserve fund, and shall annually appoint two of its members to serve on the Capital Improvement Program Committee. The finance committee shall exercise all the powers and duties of finance committees under the General Laws.
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