J. MILLARD TAWES, GOVERNOR 37

The State Auditor shall give bond to the State of Maryland in the
penalty of ten thousand dollars ($10, 000), the deputy State Auditor
shall be bonded for $5, 000, and each of the regular assistant State
auditors shall be bonded for $1, 000, all f or the faithful performance
of their respective duties, the surety in each case to be approved
by the Comptroller.

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1960.

Approved March 2, 1960.

CHAPTER 21
(Senate Bill 54)

AN ACT to repeal and re-enact, with amendments, Section 8 (e) of
Article 95A of the Annotated Code of Maryland (1959 Supple-
ment), title "Unemployment Insurance Law", sub-title "Contribu-
tions", relating to the contribution rates payable by employers
under the unemployment insurance law under certain conditions;
and to repeal Section 8 (c-a) of said Article and sub-title, relating
to additional contributions payable by employers under certain
conditions.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 8 (c) of Article 95A of the Annotated Code of Maryland
(1959 Supplement), title "Unemployment Insurance Law", sub-title
"Contributions", be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

8. (c) Experience Rating.

[With respect to employment on and after January 1, 1959, each
employer shall pay contributions at a rate computed as hereinafter
provided. ] Each employer shall pay contributions with respect to
employment during any fiscal year prior to July 1, 1960, as required
by this article prior to July 1, 1960, and each employer shall pay
contributions at the standard rate of two and seven-tenths (2. 7) per-
cent of wages paid by him during the fiscal year beginning July 1,
1960, and during each fiscal year thereafter with respect to employ-
ment occurring after June 30, 1960, except as otherwise provided
herein.

(1) The Executive Director shall maintain an experience-rating
record for each employer. Nothing in this article shall be construed
to grant to any employer or to individuals performing services for
him prior claims or rights to the amounts paid by the employer into
the fund.

Except as required by paragraph (i) of this subsection, benefits
paid shall be charged against employer experience-rating records as
hereafter specified.

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.

CAPITALS indicate amendments to bill.

Strike out indicates matter stricken out of bill.