2636

LAWS OF MARYLAND

Ch. 298

calculated to merit or individually rate the risk most
equitably, predicated upon the basis of their individual
industrial accident experience, and to encourage and
stimulate accident prevention; and shall develop fixed and
equitable rules controlling such merit or individual rates.
The commissioners shall also have power to establish and fix
minimum premiums to be paid by any employer insured or
insuring in the State Accident Fund, and to require the
payment of the estimated premiums in advance. [The Governor,
with the advice of The commissioners of the State accident
fund, may grant a premium discount to employers who are
located in urban enterprise zones and meet the criteria for
the discount as stated in Section 266KK of Article 41 of the
Code.] The commissioners, in their administration of the
State Accident Fund, shall have the power, with the approval
of the Secretary of Personnel and the Governor, to declare
dividends to the subscribers or policyholders in the fund,
either in the form of cash refunds or credits, when the
financial condition of the fund is such, in the judgment of
the commissioners, as to make such dividend declaration
warranted and advisable.

SECTION 2. AND BE IT FURTHER ENACTED, That the
Secretary shall, within 60 days following the effective date
of this Act, promulgate regulations required by Section
266KK-2 of Article 41 as enacted by Section 1 of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That the first
submission date, as that term is defined in Section 266KK-1
and used in Section 266KK-2 of Article 41 as enacted by
Section 1 of this Act, shall be October 15, 1982, provided
however, that if an area, as defined in Section 266KK-1 of
Article 41 as enacted by Section 1 of this Act, is
designated an enterprise zone, as defined in Section 266KK-1
of Article 41 as enacted by Section 1 of this Act, by
operation of Federal law, such enterprise zone shall be
entitled to the initiatives and incentives set forth in
Section 266KK-4 of Article 41 as enacted by Section 1" of
this Act from the date on which such Federal designation
occurs.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.

Approved May 20, 1982.

CHAPTER 299
(Senate Bill 838)