The Martha’s Vineyard Land Bank reported revenues of $67,760 for the business week ending on Friday, Feb. 24, 2017. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Much of the land bank revenue last week came from the town of Chilmark, where one transaction resulted in $29,000. Two transactions earned $18,200 in Oak Bluffs. One transaction generated $12,900 in West Tisbury. And two transactions resulted in $7,660 in Oak Bluffs.

No eligible transactions were recorded in Aquinnah or Tisbury.

The land bank uses its revenues to purchase and manage land for purposes of conservation, preservation and passive recreation. To date the agency has participated in the purchase of more than 3,243 acres of Vineyard land.