1722                                              LAWS OF MARYLAND                                          Ch. 147

confidence, the assistance of the Department Department's
quick response program to any business identified as being
likely to experience large losses in employment; authorizing
the Secretary of Employment and Training to adopt rules and
regulations for a certain purpose; providing that certain
public financing agencies of the Department of Economic and

Community Development shall require an employer that

utilizes financing issued, insured, or subsidized by a
public financing agency to agree in writing to comply with
certain mandatory standards in the event of a reduction in
operations; authorizing certain public financing agencies to
determine the form of a certain agreement; authorizing the
Secretary of Economic and Community Development to adopt
rules and regulations for a certain purpose; defining
certain terms; and generally relating to economic and
employment stabilization.

BY adding to

Article 41 - Governor - Executive and Administrative

Departments
Section 206E and 266J through 266T 266L through 206H,
inclusive, to be under the new subheading
"Employment Economic Stabilization Act"
Annotated Code of Maryland
(1982 Replacement Volume and 1984 Supplement)

Preamble
The General Assembly finds and declares:

(1)  That there currently exists in certain areas of
the State a critical condition of unemployment and that the
condition may well exist from time to time in other areas of the

State;

(2)     That economic insecurity due to unemployment is a
serious menace to the health, safety, and general welfare of
those unemployed, the people of the affected areas, and the
people of the entire State;

(3) That there currently exists a significant rate of
migration of industrial, commercial, and business enterprises
from the State to other parts of the country and to other
countries, and that this migration aggrevates the condition of
unemployment and destabilizes the economic base of communities in
certain areas of the State;

(4) That arbitrary (3) That closings, relocations,
and reductions in operations of industrial, commercial, and
business enterprises result in serious social and economic harm
to have adverse social and economic impact on employees, local
communities, and the State which usual programs of unemployment
compensation and financial assistance can never fully repair;