House Bill 2668, also known as Senate Bill 2732, amends various sections of Chapter 492 of the Acts of 1901, which pertains to the town of Monterey. The bill includes several key changes: it deletes the third sentence in Section 3, modifies Section 4 to specify that elections shall be held at the next regularly scheduled election in November, and removes the phrase "in case the Mayor declines to serve as Recorder" from Section 5. Additionally, the bill establishes a new Office of Town Administrator, detailing the responsibilities, qualifications, and duties associated with the position, including the requirement for the Administrator to be a resident of Putnam County within six months of employment.

The Town Administrator will be appointed by the Board of Mayor and Aldermen and is tasked with overseeing town departments, serving as the chief financial officer, and coordinating public services. The bill outlines specific duties such as budget preparation, personnel management, and public works project evaluation. Furthermore, the Town Administrator is required to attend meetings of the Board and cooperate with other town officials. The act will take effect upon a two-thirds vote of the legislative body of Monterey, with provisions for immediate effectiveness regarding its approval process.