58                                LAWS OF MARYLAND                        [CH. 25

(ii) The contribution rate of each employer for whom a benefit
ratio is computed shall be as set forth in the table below, hereafter
referred to as the "table of basic rates":

Employer's Benefit                    Employer's Contribution

Ratio                                         Basic Rate

[.0000-.0001                                  0.3 per cent

.0002-.0030                                  0.9 per cent

.0031-.0060                                  1.2 per cent

.0061-.0090                                  1.5 per cent

.0091-.0120                                  1.8 per cent

.0121-.0150                                  2.1 per cent

.0151-.0180                                  2.4 per cent

.0181-.0210                                  2.7 per cent

.0211-.0240                                  3.0 per cent

.0241-.0270                                  3.3 per cent

.0271- and over                            3.6 per cent]

.0000-.0000                                  0.0%

.0001-.0002                                  0.3%

.0003-.0030                                  0.6%

.0031-.0060                                  0.9%

.0061-.0090                                  1.2%

.0091-.0120                                  1.5%

.0121-.0150                                  1.8%

.0151-.0180                                  2.1%

.0181-.0210                                  24%

.0211-.0240                                  2.7%

.0241-.0270                                  3.0%

.0271-.0300                                  3.3%

.0301- and over                            3.6%

The basic rates in the above table shall apply for any fiscal year
beginning on or after July 1, 1964, when the fund balance on the
computation date exceeds 4% hut is not in excess of 6% of the total
taxable wages for the immediately preceding calendar year.

For any fiscal year beginning on or after July 1, 1964, when the
fund balance on the computation date is less than 4% or in excess
of 6% of the total taxable wages for the immediately preceding
calendar year, the rates at which employers shall be required to pay
contributions shall be in accordance with the appropriate rate table
listed below, but in no event shall an employer be granted less than
an .0 % rate in any fiscal year.

For the purposes of this sub-section, the term "fund balance"
means the total amount available for benefits in the unemployment
insurance fund and the term "total taxable wages" means the wages
paid in a calendar year by all employers subject to this article, which
wages were subject to contributions and reported to the Executive
Director.