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Section 3. 6 . 2 The committee shall study proposed <br /> capital outlays involving the <br /> acquisition of land or a.nv expendi ture <br /> 1 of $10 ,000 having a. useful 1 i fe of <br /> at least three years . All officers , <br /> boards , and committees , including the <br /> selectmen and school committee , shall by <br /> September 1st of each year give to such <br /> committee , on forms prepared by it , <br /> information concerning all projects <br /> anticipated by them, i . e . , involving the <br /> acquisition of land or an expenditure of <br /> $10 ,000 having_ a useful life of at least <br /> three years. The committee shall consider <br /> the relative need, timing, and cost of <br /> these expenditures and the effect each will <br /> have on the financial position of the Town . <br /> Section 3.6. 3 The Committee shall prepare an annual <br /> written report containing a capital <br /> improvement program budget of such <br /> outlays for the first year• for presentation <br /> to the Finance Committee for inclusion in <br /> its report to the annual to�-.ln meeting, and <br /> j also a capital improvement program for the <br /> following three year•=_• for adoption by the <br /> Town at the annual meeting, with <br /> explanation thereof . The Committee may <br /> make such investigations a.nd hold such <br /> hearings as it may deem necessary, but <br /> shall hold at least one public hearing <br /> annually during the committee's <br /> deliberations on capital projects., said <br /> hearing to be held following notice <br /> j <br /> published in a. newspaper of general <br /> circulation in the Town . <br /> Section 3. 6.4 Such capital improvement program after <br /> jits adoption by Town Meeting action <br /> shall permit the expenditure on projects <br /> included therein of sums from departmental <br /> budgets for surveys , engineering advice , <br /> options or appraisals which ma.y be expended <br /> for �r•oac . _ts. listed F � ted thereon t <br /> bu _ no such <br /> expenditure shall be incurred on projects <br /> which have not been so approved by Town <br /> Meeting action . Such expenditures ma.y also <br /> be made as to pro:iects approved by the <br /> Town through the ar:propr• i a.t i on of sums in <br /> the current of prior years and also for <br /> preliminary planning for pr•o_iects to be <br /> undertaken more than three years. thence . <br /> Section 3. 6. 5 Copies of Annual Report shall be published <br /> I <br /> 1 <br /> -22- <br />