[HISTORY: Adopted by the Town Meeting of the Town of Wenham 4-1-2017 by Art. 7 (former Ch. XXVIII); amended 4-7-2018 ATM by Art. 9; 4-6-2019 ATM by Art. 11. Subsequent amendments noted where applicable.]
There is hereby established in the Town of Wenham pursuant to the provisions of MGL c. 44, § 53E1/2, the following revolving fund:
A. 
H-W Grounds Maintenance. Fees and reimbursements from the Town of Hamilton and the Hamilton Wenham Regional School District for the purpose of paying employees, purchasing supplies, services, equipment, and miscellaneous expenses related to grounds maintenance; to be expended by the Department of Public Works.
B. 
Iron Rail Rental. Revenues collected through rental fees from tenants of the Iron Rail property for the purpose of paying for facility maintenance and capital investments; to be expended by the Iron Rail Commission.
C. 
Water mitigation. Revenues collected through permitting fees for the purpose of paying for water mitigation initiatives, including but not limited to offering rebates to residents for water-saving devices and appliances; to be expended by the Board of Water Commissioners.
A. 
H-W Grounds Maintenance: $20,000.
B. 
Iron Rail Rental: $30,000.
C. 
Water mitigation: $10,000.
Expenditures from the revolving fund set forth herein shall be subject to the limitation established by Town Meeting, or any increase therein, all as may be authorized in accordance with MGL c. 44, § 53E1/2.