A. Notwithstanding any other law, in order to comply with the consolidation of election dates if required under Section 16-204.01 or by voluntary action of the political subdivision, the terms of office for elected officials of the political subdivision shall be lengthened at the time of consolidation to align with the consolidated election dates.

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B. For any political subdivision whose alternative expenditure limitation is scheduled to expire at any time after the year in which the political subdivision is required to comply with the election consolidation requirements of Section 16-204.01, subsection B, or voluntarily consolidates its elections, the political subdivision’s existing voter-approved alternative expenditure limitation shall continue as established before its expiration and the penalties prescribed by Section 41-1279.07 do not apply if the political subdivision seeks voter approval of an alternative expenditure limitation at the next eligible regular election following consolidation.