230 LAWS OF MARYLAND. [CH. 270

immediately preceding the computation date for that fiscal
year equals or exceeds $150. 00.

No employer's rate shall be less than 2. 7 per cent for
any fiscal year if his total pay roll in the calendar
year immediately preceding such fiscal year exceeded 150
per cent of his total payroll in the calendar year 1940.
In the event any employer did not report a pay roll for
the year 1940, the pay roll for the first calendar year there-
after reported shall be substituted for the year 1940. This
paragraph shall not, apply to employers with pay rolls of
$50, 000. 00 or less in the calendar year immediately pre-
ceding such fiscal year.

PERIOD, ELECTION, AND TERMINATION OF

EMPLOYER'S COVERAGE

8. Any employing unit, including the State of Mary-
land and the Mayor and City Council of Baltimore, or any
political sub-divisions thereof, or any instrumentalities
which are wholly owned by them, or any political sub-
divisions thereof, for which services that do not constitute
employment as defined in this Act are performed, may
file with the Board a written election that all such services
with respect to which payments are not required under
an unemployment compensation law of any other State
or of the Federal Government, and which are performed by
individuals for it in one or more distinct establishments
or places of business shall be deemed to constitute employ-
ment by an employer for all the purposes of this Act for
not less than two calendar years. Upon the written ap-
proval of such election by the Board, such services shall
be deemed to constitute employment subject to this Act
from and after the date stated in such approval. Such
services shall cease to be deemed employment subject
hereto as of January 1 of any calendar year subsequent
to such two calendar years, if riot later than January 31
of such year, either such employing unit has filed with
the Board a written notice to that effect, or the Board, on
its own motion, has given notice of termination of such
coverage.

UNEMPLOYMENT COMPENSATION ADMINISTRATION

FUND

13. (c) Special Administrative Expense Fund.

There is hereby created in the State Treasury a special
fund to be known as the Special Administrative Expense
Fund. All interest, fines and penalties collected under the
provisions of this Act, together with any voluntary contri-
butions tendered as a contribution to this fund, shall be
paid into this fund. Said moneys shall not be expended or