12/09/2019 BOARD OF SELECTMEN Agenda Packet

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this act. The district, acting by and through the board shall fix just and equitable prices, charges, fees and rates for the use of the district's wastewater treatment works. The income of the wastewater treatment works shall be available for appropriation to defray all operating expenses, interest charges and payments on principal of any loan, as accruing upon any bonds or notes issued pursuant to this act. If there is a net surplus remaining at the end of a fiscal year after the payment of all costs of operation, the net surplus may be appropriated by a district,meeting for systems development costs as recommended by the board of water and sewer commissioners and, in the absence of any such recommendation, shall be applied to pay costs of operation for the district for the succeeding fiscal year. Any systems development charge funds held in a separate account shall be excluded in the determination of net-surplus. The fiscal year of the district shall commence July 1 and end June 30 unless otherwise provided in the by-laws. Notwithstanding this act or any other general or special law to the contrary, the district may establish a revolving fund which shall be kept separate and apart from all other funds by the district treasurer and into which shall be deposited only the fees received from the installation of water service and water meters. Money in the fund may be expended without appropriation for the payment of contractors performing water service and water meter installation; provided, however, that no expenditures from the fund shall be made in a fiscal year that would result in district.expenditures greater than the total amount appropriated by the district meeting for that fiscal year. Section 5. If for any reason the revenues and available funds of the district, including revenues from prices, charges, fees and rates for the use of water and the district's wastewater treatment works as provided in section 5, shall not be sufficient to pay the full cost of the development and operation of the district, the district may, by'vote at a district meeting duly called by the board of water and sewer commissioners, raise and appropriate, by a district tax, sufficient funds to pay the full cost of the development or operation of the district and promptly thereafter the district clerk shall send a certified copy of the vote to the district assessors who shall assess the same on property, within the district in the same manner in all respects in which taxes in the town of Mashpee are required by law to be assessed. For such periods as the board of water and sewer commissioners may request, the board of assessors of the town of Mashpee shall be the district assessors. During those periods, the board,of assessors of the town of Mashpee shall receive such salary for their services as district assessors as shall be agreed upon by the board of water and sewer commissioners. All district assessments shall be committed to the district tax collector who shall collect the tax in the manner provided by law for the collection of taxes and deposit the proceeds thereof with the district treasurer for the use and benefit of the district. For such periods as the board of water and sewer commissioners may request, the tax collector of the town of Mashpee shall be the district tax collector: During those periods, the tax collector of the town of Mashpee shall receive such salary for services as the district tax collector as shall be agreed upon by the board of water and sewer commissioners. Nothing herein shall be construed to limit the authority of the district to hire its own assessors,or tax collector and to pay for the same from the district's revenues. Any costs incurred by either the board of assessors or the tax collector of the town of Mashpee in performing services hereunder shall be paid for by the district unless otherwise provided in any intermunicipal agreement,between the town and the district. Section 7. Notwithstanding section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the district may establish a Betterment Reserve Fund which shall be kept separate and apart from all other funds of the district by the district treasurer. All betterment payments, whether apportioned or unapportioned, received by the district shall be deposited into the fund. The district treasurer may invest such funds in the manner, provided in sections 54 and 55 of said chapter 44. The principal and interest thereon shall be reserved for appropriation for the payment of the district's betterment debt. Any excess in the fund may be transferred to the general fund of the district. Section 8. The district may, for the purpose of creating a stabilization fund, appropriate in any fiscal year an amount not to exceed 10 per cent of the amount raised in the preceding fiscal year by taxation of real estate. Any interest accruing thereon shall be added to and become a part of the fund. The stabilization fund may be appropriated at an annual district meeting by a twothirds vote for any purpose for which the district would be authorized to borrow money. Section 9. The district assessors may create an overlay fund by adding to the amount to be assessed pursuant to section 25 of chapter 59 of the General Laws. Section 10. The district may,.by vote at a district meeting, provide for the levy of special.assessments to meet, in whole or in part, the cost thereafter incurred of laying pipes in public and private ways for the conveyance or distribution of water to its inhabitants in accordance with sections 42G to 421, inclusive, of chapter 40 of the General Laws. Section 11. The district may, at any annual or special district meeting, adopt by-laws regulating the call of district