(a)  State mandates not subject to reimbursement includes:

(1)  The holding of elections;

(2)  The assurance of due process;

(3)  The notification and conduct of public meetings;

(4)  The procedures for administrative and judicial review of actions taken by cities and towns;

(5)  The protection of the public from malfeasance, misfeasance, or nonfeasance by local government officials;

(6)  Financial administration, including the levy, assessment, and collection of taxes; and

(7)  The preparation and submission of reports necessary for the efficient administration of state laws.

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(b)  All statutes having a fiscal impact on cities and towns shall include a provision stating whether these statutes conform to the definition and exemptions prescribed by § 45-13-7 — § 45-13-10.

(c)  Provided further that none of the provisions of § 45-13-7 — § 45-13-10 are applied in a manner inconsistent with state law.