The bill titled "An Act modernizing financial departments in the city of Holyoke" proposes amendments to the City of Holyoke Charter, specifically Section 15. It replaces the existing paragraph with new provisions regarding the election and appointment of various city officials. The city council will now annually elect an administrative assistant and one assessor of taxes, as well as one water commissioner, each serving a three-year term. Additionally, the council will appoint a Director of Internal Audit every three years. The bill also stipulates that any of these officers may be removed by the city council for sufficient cause, and it outlines the process for filling vacancies in city offices.

Furthermore, the bill repeals any inconsistent provisions from Chapter 438 of the Acts of 1896 and Chapter 327 of the Acts of 1936. It allows for clerical or editorial changes to be made by the General Court, provided that any amendments are approved by the Mayor and City Council. The act is set to take effect immediately upon passage.