HARRY HUGHES, Governor                                     3325

For any fiscal year beginning on or after July 1, 1980, when
the fund balance on the computation date is less than 4.5 percent
or equals or is in excess of 5.5 percent of the total taxable
wages in covered employment 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 adjustments
set forth below, but in no event shall an employer be granted
less than an 0.1 percent nor more than 6.0 percent rate in any
fiscal year. However, for the fiscal year beginning on July 1,
1983, the adjustment to any employer's basic rate may not exceed
an increase of 1.7 percent.

For the purposes of this subsection, the term "fund balance"
means the total amount available for benefits in the unemployment
insurance fund, including amounts receivable by the fund as
federal reimbursements for shareable 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, except employers who elect to be liable for payments in
lieu of contributions.

SCHEDULE OF BASIC RATE ADJUSTMENTS

When Ratio Between Fund Balance
on Computation Date and Total
Taxable Wages for Prior Year Is
A up to 3.6%

A up to 3.6%

B 3.6% but less than 3.7%

C 3.7% but less than 3.8%

D 3.8% but less than 3.9%

E 3.9% but less than 4.0%

F 4.0% but less than 4.1%

G 4.1% but less than 4.2%

H 4.2% but less than 4.3%

I 4.3% but less than 4.4%

J 4.4% but less than 4.5%

K 5.5% but less than 6.0%

L 6.0% but less than 6.5%

M 6.5% but less than 7.0%

N 7.0% but less than 7.5%

O 7.5% but less than 8.0%

P 8.0% but less than 8.5%

Q 8.5% or over

Employer's Contribution
Basic Rate Shall
Increase by 2.7%
Increase by 2.4%
Increase by 2.1%

Increase by 2.7%

Increase by 2.4%

Increase by 2.1%

Increase by 1.8%

Increase by 1.5%

Increase by 1.2%

Increase by .9%

Increase by .6%

Increase by .3%

Increase by .1%

Decrease by .3%

Decrease by .6%

Decrease by .9%

Decrease by 1.2%

Decrease by 1.5%

Decrease by 1.8%

Decrease by 2.1%

(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