Rhode Island General Laws 45-41-7. Additional appropriations
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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.
History of Section.
P.L. 1971, ch. 216, § 1.
Terms Used In Rhode Island General Laws 45-41-7
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
- town council: include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9