376                              Laws of Maryland                      [Ch. 115

The basic rates in the above table shall apply for the fiscal year
beginning July 1, 1971, and for any fiscal year beginning on or after
July 1, 1972, when the fund balance on the computation date equals or
exceeds 3% but is not in excess of 4.5% of the total taxable wages for
the immediately preceding calendar year.

For any fiscal year beginning on or after July 1, 1972, when the
fund balance on the computation date is less than 3 % or equals or is
in excess of 4.5% 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 table
of basic rates, adjusted as shown in the table of basic rate adjust-
ments set forth below, but in no event shall an employer be granted
less than 0.1% nor more than 3.6% rate in any fiscal year.

For the purposes of this subsection, the term "fund balance" means
the total amount available for benefits in the unemployment insur-
ance fund, including amounts receivable by the fund as federal reim-
bursements for sharable benefits under the "Federal-State Extended
Unemployment Compensation Act of 1970" and all amounts receivable
from any eligible employer who elects to reimburse the fund for
benefit charges to his account in lieu of contributions and the term
"total taxable wages" means the wages paid in a calendar year
by all employers subject to this article, which wages were sub-
ject to contributions and reported to the Executive Director.

SCHEDULE OF BASIC RATE ADJUSTMENTS

When Ratio Between Fund

BALANCE on Computation             Employer's Contribution

Date and Total Taxable                      Basic Rate Shall

Wages for Prior Year Is

A Up to 2%                                       Increase by 2.7%

B 2% but less than 2.5%                     Increase by 1.5%

C 2.5% but less than 3 %                     Increase by 0.6%

D 4.5% but less than 5%                    Decrease by 0.3%

E 5% but less than 6%                       Decrease by 0.6%

F 6% but less than 7%                       Decrease by 0.9%

G 7% but less than 8%                       Decrease by 1.2%

H 8% but less than 9%                       Decrease by 1.5%

I 9% or over                                     Decrease by 1.8%

(5)  For the purpose of making any computation under this sub-
section, any amount which has been credited to Maryland's account
under Section 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. Further, amounts receiv-
able for benefits in the fund. Further, amounts receivable by the
fund as federal reimbursements for sharable benefits under the Fed-
eral-State Extended Unemployment Compensation Act of 1970 and
all advance payments made on behalf of eligible employers electing
to reimburse the fund for benefit charges in lieu of contributions
shall be treated as accounts receivable to the fund and shall be
included in the fund for computation purposes under this section.

(6)  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 substantially all the assets