1598                             Laws of Maryland                      [Ch. 740

(4)    FOR THE PURPOSE OF MAKING ANY COMPUTATION
UNDER THIS SUBSECTION, ANY AMOUNT WHICH HAS
BEEN CREDITED TO MARYLAND'S ACCOUNT UNDER SEC-
TION 903 OF THE SOCIAL SECURITY ACT, AS AMENDED,
AND WHICH HAS BEEN APPROPRIATED FOR EXPENSES
OF ADMINISTRATION, WHETHER OR NOT WITHDRAWN
FROM SAID ACCOUNT, SHALL BE EXCLUDED FROM THE
TOTAL AMOUNT AVAILABLE FOR BENEFITS IN THE FUND.

(5)    IF AN EMPLOYER SUBJECT TO THIS ARTICLE
SHALL TRANSFER TO ANOTHER EMPLOYING UNIT, OR
OTHER EMPLOYING UNITS BY SALE OR OTHERWISE, HIS
ENTIRE ORGANIZATION, TRADE, OR BUSINESS, OR SUB-
STANTIALLY ALL THE ASSETS THEREOF, AND SUCH
TRANSFER CONSTITUTES A TRANSFER OF SUCH EMPLOY-
ER'S EMPLOYING ENTERPRISE AS A GOING CONCERN,
THE EXECUTIVE DIRECTOR SHALL COMBINE THE EX-
PERIENCE-RATING RECORDS OF THE TWO EMPLOYING
UNITS AND SHALL FOR PURPOSES OF RATE DETERMINA-
TION TRANSFER TO THE SUCCESSOR EMPLOYER THE
PAYROLL RECORD AND THE BENEFIT CHARGES OF THE
PREDECESSOR. IN THE EVENT THE PREDECESSOR RE-
MAINS IN BUSINESS AND HAS EMPLOYMENT AFTER THE
DATE OF THE TRANSFER, SAID PREDECESSOR SHALL BE
REGARDED FOR EXPERIENCE-RATING PURPOSES AS A
NEW EMPLOYER. PROVIDED, THAT THE PAYROLL RECORD
AND BENEFIT CHARGES OF THE PREDECESSOR SHALL
BE CHARGED TO THE NEW EMPLOYING UNIT OR EMPLOY-
ING UNITS IN THE SAME PROPORTION AS THE PAYROLL
RECORD OF THE UNIT BEING TRANSFERRED HAS TO THE
TOTAL BUSINESS OF THE PREDECESSOR. THE SUCCESSOR
EMPLOYER SHALL BE LIABLE FOR THE CONTRIBUTIONS
FOR SUCH BUSINESS FROM THE DATE THE TRANSFER
OCCURRED. IF THE SUCCESSOR IS AN EMPLOYER AT THE
TIME OF THE TRANSFER, AND HAS BEEN ASSIGNED A
CONTRIBUTION RATE PURSUANT TO THE PROVISIONS OF
THIS SUBSECTION, HE SHALL CONTINUE TO PAY CONTRI-
BUTIONS AT SUCH PREVIOUSLY ASSIGNED RATE FROM
DATE THE TRANSFER OCCURRED THROUGH THE NEXT
JUNE 30. IF THE SUCCESSOR IS NOT AN EMPLOYER AT
THE TIME OF THE TRANSFER AND ACQUIRES THE BUSI-
NESS OF ONE EMPLOYER OR THE BUSINESS OF TWO OR
MORE EMPLOYERS WITH THE SAME RATE HE SHALL PAY
CONTRIBUTIONS AT THE RATE ASSIGNED TO THE PREDE-
CESSOR EMPLOYER OR EMPLOYERS FROM THE DATE THE
TRANSFER OCCURRED THROUGH THE NEXT JUNE 30. IF
THE SUCCESSOR IS NOT AN EMPLOYER AT THE TIME OF
THE TRANSFER, AND SIMULTANEOUSLY ACQUIRES THE
BUSINESSES OF TWO OR MORE EMPLOYERS WITH DIFFER-
ENT RATES OF CONTRIBUTIONS, HIS RATE FROM THE
DATE THE TRANSFER OCCURRED THROUGH THE NEXT
JUNE 30 SHALL BE A RECOMPUTED RATE BASED ON THE
COMBINED EXPERIENCE OF HIS PREDECESSOR AS OF THE
REGULAR COMPUTATION DATE FOR THE FISCAL YEAR IN
WHICH THE TRANSFER OCCURRED. IN ALL CASES, FROM
AND AFTER JULY 1 FOLLOWING THE TRANSFER, THE