MARVIN MANDEL, Governor                               1463

SCHEDULE OF BASIC RATE ADJUSTMENTS
When Ratio Between Fund Balance

on Computation Date and Total Employer's Contribution

Taxable Wages for Prior Year Is                       Basic Sate Shall

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 subsection, any amount which has been credited to
Maryland's account under § 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expenses of administration, whether or not withdrawn from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
receivable by the fund as federal reimbursements for
sharable benefits under the Federal—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
thereof, and that transfer constitutes a transfer of that
employer's employing enterprise as a going concern, the
Executive Director shall combine the experience—rating
records of the two employing units and shall for purposes
of rate determination transfer to the successor employer
the payroll record and the benefit charges of the
predecessor. In the event the predecessor remains in
business and has employment after the date of the
transfer, the 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
employing 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.