3318                                             LAWS OF MARYLAND                                        Ch. 704

(i) The aggregate of the amounts credited to
the account of this State pursuant to Section 903 of the Social
Security Act, as amended, during the same twelve-month period and
the [twenty-four] 34 preceding twelve-month periods, exceeds

(ii) The aggregate of the amounts obligated for
administration and paid out for benefits and charged against the
amounts credited to the account of this State during such
[twenty-five] 35 twelve-month periods.

(2)  Amounts credited to this State's account in the
Unemployment Trust Fund under Section 903 of the Social Security
Act, as amended, which are obligated for administration or paid
out for benefits shall be charged against equivalent amounts
which were first credited and which are not already so charged;
except that no amount obligated for administration during a
twelve-month period specified herein may be charged against any
amount credited during such a twelve-month period earlier than
the [twenty-fourth] 34th preceding such period.

(3)  Money appropriated as provided herein for the
payment of expenses of administration shall be requisitioned as
needed for the payment of obligations incurred under the
appropriation and, upon requisition, shall be deposited in the
Unemployment Insurance Administration Fund from which the
payments shall be made. Money so deposited, until expended, shall
remain a part of the Unemployment Insurance Fund, and, if it will
not be expended, shall be returned promptly to the account of
this State in the Unemployment Trust Fund. The Executive
Director shall maintain a separate record of the deposit,
obligation, expenditure, and return of funds so deposited.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 29, 1984.

CHAPTER 705

(House Bill 1538)

AN ACT concerning

Unemployment Insurance - Benefit Eligibility

FOR the purpose of providing for an exception to work search
requirements under certain circumstances under the
Unemployment Insurance Law for regular and extended
benefits.

BY repealing and reenacting, with amendments,