Town of Adams, MA Chapter 50 Revolving Funds

[HISTORY: Adopted by the Special Town Meeting of the Town of Adams 3-5-2018 by Art. 1. Amendments noted where applicable.]

§ 50-1 Funds established.

[Amended 6-18-2018 ATM by Art. 19]

There are hereby established in the Town of Adams pursuant to the provision of Massachusetts General Laws c. 44, § 53E 1/2, the following revolving funds:

Revolving Fund	Spending Authority	Revenue Source	Allowed Expenses
Bid Specification Revolving Fund	Town Administrator	Fees from vendors requesting bid and proposal specifications	Contractual services for preparation and issuance of bid and proposal packets
Sanitary Sewer Revolving Fund	DPW Director	Charges from persons requesting connection to the sewer system	Expenses and contractual services required for individual sewer connections
Promotional Revolving Fund	Town Administrator	Fees from the sale of promotional items	Expenses related to the promotion of the Town and replacement of stock
Library Revolving Fund	Library Director or Board of Library Trustees	Fines and fees from damaged or late return of borrowed material	Replacement of library materials
Transfer Station Revolving Fund	DPW Director or Town Administrator	Income and fees received from the operation of the Adams Transfer Station	Expenses related to the operation of the Adams Transfer Station
Inspection Services Fund	Building Commissioner or Town Administrator	Income and fees received from plumbing, electrical, wiring and out of town building permits	Inspector stipends, substitute inspector stipends, inspection computer programs and related expenses
Tax Title Revolving Fund	Treasurer or Town Administrator	Fees from tax takings	Costs associated with tax title takings, tax delinquencies and tax acquired properties
Adams Visitor Center Revolving Fund	Town Administrator	Rental Fees	Maintenance and upkeep of the Adams Visitor Center
Adams Memorial Building Revolving Fund	Town Administrator	Rental Fees	Maintenance and upkeep of the Adams Visitor Center