BLAIR LEE III, Acting Governor                        2357

beginning of any fiscal year, his contribution rate shall be
[4.2 percent] THE RATE AT WHICH HE OTHERWISE WOULD PAY
CONTRIBUTIONS PLUS 2 PERCENT beginning with the first day of
that fiscal year and thereafter until the first day of the
calendar quarter following the date on which he has filed
all reports due and has paid all contributions due, as
required by this article and the regulations [promulgated
pursuant thereto] ADOPTED UNDER IT, at which time he shall
be granted his earned contribution rate.

(ii) Any nonprofit organization [which]
THAT elects to pay contributions after having been covered
under this article on a payment in lieu of contributions
basis [will], for the purposes of paragraph (i) [hereof,] OF
THIS SUBSECTION, WILL be presumed to have had payrolls
equalling or exceeding [$200.00] $200 in each prior fiscal
year in which the employer actually paid [$200.00] $200 or
more to individuals for services[;] and the employer will be
presumed to have been chargeable with benefits during any
period when it was subject to this article on a payment in
lieu of contributions basis. Moneys paid for services will
be treated as payrolls and benefits actually paid shall be
the basis for experience—rating calculations.

(4) The Executive Director shall DETERMINE for
each fiscal year [determine] the contribution rate of each
employer who has met the requirements specified in
subsection (c) (3) of this section, on the basis of his
experience-rating record, in the following manner:

(i) The Executive Director shall compute
[a benefit ratio] for each [such] employer [which shall be]
A BENEFIT RATIO THAT IS the quotient obtained by dividing
the total regular and extended benefits chargeable to his
experience-rating record [which were] AND paid within the
36-consecutive—calendar-month period ending on the
computation date by the total of his annual payrolls for the
[3] THREE calendar years immediately preceding that
computation date[; except that] . HOWEVER, for any employer
who has not been subject to the provisions of this article
for a period of time sufficient to meet the
36-consecutive—calendar-month requirement, that benefit
ratio [shall be] IS the quotient obtained by dividing the
total benefits chargeable to his experience-rating record
[which were] AND paid during the entire period, ending on
the computation date, that he has been subject to this
article by the total amount of wages for employment paid by
the employer during the period beginning with the first day
of the calendar quarter immediately following the quarter in
which he first became subject to the provisions of this
article and ending on December 31 of the calendar year
immediately preceding that computation date, with respect to
which wages contributions have been paid on or before that
computation date. That benefit ratio shall be computed to
the fourth decimal point.

(ii) The contribution rate of each
employer for whom a benefit ratio is computed shall be as