Ch. 311

LAWS OF MARYLAND

provisions of this article, and shall have an official seal which
shall be judicially noticed. Not later than the 1st day of
January of each year, the Secretary shall submit to the Governor
a report covering the administration and operation of this
article during the preceding fiscal year ending June 30th and
shall make such recommendations for amendments to this article as
the Secretary deems proper. Such report shall include a balance
sheet of the moneys in the fund in which there shall be provided,
if possible, a reserve against the liability in future years to
pay benefits in excess of the then current contributions, which
reserve shall be set up by the Secretary in accordance with
accepted actuarial principles on the basis of statistics of
employment, business activity, and other relevant factors for the
longest possible period. Whenever the Secretary believes that a
change in contribution or benefit rates will become necessary to
protect the solvency of the fund, the Secretary shall promptly so
inform the Governor and the legislature, and make recommendations
with respect thereto.                                                                       

24.

(a) In this section, the following terms have the meanings
indicated:

(7) "Secretary" means the Secretary of ECONOMIC AND
Employment [and Training] DEVELOPMENT.

Article 100 - Work, Labor and Employment

111.

(a) In this subtitle, the following words have the meanings
indicated.

(b) "Underemployed" means an individual:

(1)  Working part time but seeking full-time work; or

(2)  Working full time but receiving wages below the
greater of:

(i) The poverty level determined in accordance

with criteria established by the [Employment Security

Administration] DEPARTMENT OF ECONOMIC AND EMPLOYMENT
DEVELOPMENT; or

(ii) 70 percent of the lower living standard
income level as determined by the Bureau of Labor Statistics.

(c) "Unemployed" means ah individual who is without a job,
and who wants and is available for work.

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