60                                 LAWS OF MARYLAND                         [CH. 25

provided in sub-section (c) (6) of this section [and § 3 (c) of
this article or which were] prior to June 1, 1964, when stick benefits
were based on earnings in employment which terminated on or
before May 31, 1964, and all benefits chargeable to an experience-
rating record of an employer 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 sub-paragraph (vi)
of sub-section (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 available
for benefits in the fund is less than 5 percent but not less than 2 per-
cent 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 preced-
ing such computation date by all employers subject to this article,
which wages were subject to contributions and reported to the Ex-
ecutive Director, each employer's basic rate which is computed pur-
suant to sub-section (c) (3) of this section, shall be reduced by
three (3) 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 compensation 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 sub-section (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 con-
tributions and reported to the Executive Director, each employer's
basic rate which is computed pursuant to the provisions of sub-sec-
tion (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 3 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