Senate Bill 2724, also known as House Bill 2662, amends Chapter 402 of the Acts of 1901, specifically focusing on the role and responsibilities of the Mayor of the City of Lexington. The bill deletes the existing SECTION 10 and replaces it with new provisions that outline the Mayor's duties as the chief executive officer, including supervision of city affairs, presiding over Board meetings, executing laws and ordinances, and making appointments to boards and commissions. Additionally, the Mayor is granted the authority to suspend employees for misconduct, with the option for those employees to appeal the suspension to the Board, whose decision will be final. The bill also establishes the Mayor's position as a full-time role and allows the Board to define additional functions and duties.

Furthermore, the bill stipulates that the Mayor will serve as a member of all boards and committees created by the Board, having a voice in discussions and the ability to cast a tie-breaking vote when necessary. The enactment of this bill is contingent upon a two-thirds (2/3) approval from the legislative body of the City of Lexington, with provisions for its immediate effectiveness upon becoming law for the purpose of approval or rejection, while other provisions will take effect as outlined in Section 2.