House Bill 1435 amends Chapter 167 of the Private Acts of 1994, specifically updating the election process for the Town of Oakland's Board of Mayor and Aldermen. The bill establishes that non-partisan elections will occur on the first Tuesday after the first Monday in November of every even-numbered year, with terms beginning on the first business day of the following month after election results are certified. It designates the existing five aldermanic positions as positions one through five, allowing candidates to identify the specific position they seek. The bill also introduces staggered elections for the aldermen, with three positions elected in 2026 and the remaining two in 2028, and allows for the potential increase of aldermanic positions to six if the town's population reaches 18,000 or more.

Additionally, the bill modifies the compensation structure for the Mayor and Aldermen, stating that their salaries cannot be changed during their term and that newly elected officials will begin receiving compensation on the first day of the month following their election. It ensures that no incumbent will be removed from office or have their term abridged, and it requires a two-thirds vote from the Town's legislative body for the bill to take effect. The act will be effective upon approval, with provisions for public welfare taking immediate effect.