42 LAWS OF MARYLAND [CH. 21

ployer who discontinued his business within the 12-consecutive-
calendar-month period ending on the computation date.

(ii) For each fiscal year beginning with the fiscal year effective
July 1, 1960, contribution rates shall be determined in accordance
with all of the provisions of this section, except subparagraph (vi)
of subsection (c) (4) of this section, and shall continue to be deter-
mined solely in accordance with such provisions until the total
amount available for benefits in the fund on any computation date
reaches 5 percent of the wages paid in the calendar year immediately
preceding such computation date by all employers subject to this
article, which wages were subject to contributions and reported to
the Executive Director, and thereafter subparagraph (vi) of sub-
section (c) (4) of this section shall become effective with respect to
any subsequent computation date on which the total amount avail-
able for benefits in the fund is less than 5 percent but not less than
3 percent of such taxable wages paid by all such employers in the
calendar year immediately preceding such computation date.

(iii) If on any computation date the total amount available for
benefits in the fund exceeds 7. 5 percent but is not more than 9 per-
cent of the wages paid during the calendar year immediately pre-
ceding such computation date by all employers subject to this article,
which wages were subject to contributions and reported to the
Executive Director, each employer's basic rate which is computed
pursuant to subsection (c) (3) of this section, shall be reduced by
three (8) tenths of one (1) percent.

(iv) If on any computation date the total amount available for
benefits in the fund exceeds 9 percent but does not exceed 10 percent
of the wages paid during the calendar year immediately preceding
such computation date by all employers subject to this article, which
wages were subject to contributions and reported to the Executive
Director, each employer's basic rate which is computed pursuant to
the provisions of subsection (c) (3) of this section, shall be reduced
: by six (6) tenths of one (1) percent, but in no event below zero.

(v) If on any computation date the total amount available for
benefits in the fund exceeds 10 percent of the wages paid during the
calendar year immediately preceding such computation date by all
employers subject to this article, which wages were subject to contri-
butions and reported to the Executive Director, each employer's basic
rate which is computed pursuant to the provisions of subsection
(c) (3) of this section, shall be reduced by nine (9) tenths of one
(1) percent, but in no event below zero.

(vi) If on any computation date, subsequent to the computation date
on which the total amount available for benefits in the fund reached
5 percent of wages as required in subparagraph (ii) hereof, such
total amount falls below 5 percent but is not less than S percent of
the wages paid during the calendar year immediately preceding such
computation date by all employers subject to this article, which
wages were subject to contributions and reported to the Executive
Director, each employer's basic rate, which is computed pursuant to
the provisions of subsection (c) (3) of this section, shall be increased
by three (3) tenths of one (1) percent.

(mi) Notwithstanding any other provision of this section, if on
the last day of any calendar quarter the total amount available for
benefits in the fund equals less than 3 percent of the wages paid