(a) Notwithstanding the provisions of § 35-2-2, the budget commission of the town of North Providence, by vote at a meeting of the commission, is authorized to modify the fiscal year for a town over a four-year period, as follows: (1) Establishing a fiscal year from March 1 to March 31 of the following calendar year; (2) The succeeding fiscal year to be from April 1 to April 30 of the following calendar year; (3) The succeeding fiscal year to be May 1 to May 31 of the following calendar year; (4) The succeeding fiscal year to be from June 1 to June 30 of the following calendar year; (5) Thereafter the fiscal years to be July 1 to June 30 of the following calendar years. (b) In the event that the budget commission of the town of North Providence votes to modify the fiscal year as provided in this section, the commission shall ordain the dates upon which taxes shall be due and payable. The commission shall also determine by resolution the installments in which taxes may be paid, the dates on which penalties for nonpayment shall apply, and the rate of the penalties.
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