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.
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.