House Bill 1435 amends Chapter 167 of the Private Acts of 1994, specifically updating the election process for the Town of Oakland. The bill establishes that non-partisan elections for the Board of Mayor and Aldermen will occur on the first Tuesday after the first Monday in November of every even-numbered year. It introduces a staggered election schedule, where three aldermen will be elected in 2026 and the Mayor along with two additional aldermen in 2028, with terms lasting four years. The bill also allows for the potential increase of aldermanic positions to six if the town's population reaches 18,000 or more, and it ensures that no current incumbents will be removed or have their terms abridged.

Additionally, the bill modifies the compensation structure for the Mayor and Aldermen, stating that their salaries will be set by ordinance and cannot be changed during their term. It specifies that outgoing officials will be compensated through the end of the month of the election, while newly elected officials will begin receiving compensation the month following their election. The bill requires a two-thirds vote from the legislative body of the Town of Oakland for approval and outlines that it will take effect immediately upon becoming law for the purpose of its provisions, while other aspects will be effective upon approval.