If, following the initial appropriation which establishes a self insurance fund, from time to time, in the opinion of the city or town council, the addition of moneys to the fund is required to adequately insure the assets and liabilities of the city or town, not otherwise insured, the city or town council shall request, in accordance with the terms of the laws then applicable, an additional appropriation of moneys of the city or town not otherwise appropriated. Any unexpended balance of any or all of these appropriations shall be carried forward to succeeding fiscal years.
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