It is enacted by the General Assembly as follows:

SECTION 1. Sections 45-31-12 and 45-31-13 of the General Laws in Chapter 45-31 entitled "Redevelopment Agencies" are hereby amended to read as follows:

45-31-12. Appointment and compensation of agency members. -- When the legislative body of a community first adopts a resolution as provided for in section 45-31-10, the mayor or the president of the town council shall appoint five (5) resident electors of the community as members of the agency subject to the approval of the legislative body ,provided, however, that if authorized by resolution of the legislative body at any time, the mayor or president of the town council shall appoint two (2) additional resident electors of the community as members of the agency, subject to the approval of the legislative body, for a total of seven (7) members. No member of the agency may be an elected officer or an employee of the community. The powers of the agency shall be vested in the members of the agency then in office. Members shall receive their actual and necessary expenses, including travel expenses, and may receive other compensation as the legislative body may prescribe. The redevelopment agency in the city of Providence shall consist of the mayor, ex officio, and seven (7) members. Five (5) of the members shall be resident electors of the city of Providence and appointed by the mayor; and shall serve for the term designated in section 45-31-13; and shall not be an elected officer or employee of the city of Providence. Two (2) members shall be members of the city council elected by that council from its members to serve for a term ending the first Monday in January, 1975; and shall thereafter be elected for a term of four (4) years. The powers of the agency shall be vested in the members then in office. Members shall receive their actual and necessary expenses, including travel expenses, and may receive other compensation as the legislative body may prescribe.

45-31-13. Tenure of agency members. -- The members who are first appointed shall be designated to serve for terms of one, two (2), three (3), four (4), and five (5) years respectively. If a legislative body adopts a resolution increasing the number of agency members from five (5) to seven (7) resident electors as provided for in section 45-31-12, then the two (2) additional members shall be designated to serve for terms of one (1) and two (2) years respectively. Thereafter members shall be appointed for a term of office of five (5) years, except that all vacancies occurring during a term shall be filled for the unexpired term. A member holds office until his or her successor has been appointed and has qualified.

SECTION 2. This act shall take effect upon passage.