HARRY HUGHES, Governor

623

.0370 -- .0378 ..................................           4.3%

.0379 -- .0387 ..................................           4.4%

.0388 -- .0396 ..................................           4.5%

.0397 -- .0405 ..................................           4.6%

.0406 -- .0414 ..................................           4.7%

.0415 -- .0423 ..................................           4.8%

.0424-- .0432 ..................................           4.9%

.0433 -- .0441 ..................................           5.0%

.0442 -- .0450 ..................................           5.1%

.0451 -- .0459 ..................................           5.2%

.0460 -- .0468 ..................................           5.3%

.0469 — and over ...............................           5.4%

For any fiscal year beginning on or after July 1, 1980 when
the fund balance on the computation date equals or exceeds 4.5
percent but is not in excess of 5.5 percent of the total taxable
wages in covered employment for the immediately preceding
calendar year, the table of basic rates shall apply.

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,
1984, the adjustment to any employer's basic rate may not exceed
an increase of 1.7 percent. However for the fiscal years
beginning on July 1, 1984 and July 1, 1985, the adjustment on any
employer's basic rate may not exceed an increase of 1.7 percent,
except that the adjustment to any employer's basic rate shall
increase to 2.2 percent if the balance in the Unemployment
Insurance Trust Fund on any day is less than $100,000,000, such
increase in the adjustment to be made for the calendar quarter
following the date in which the trust fund balance is less than
$100,000,000 and continuing for the balance of the fiscal years
1985 and 1986.

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 sharable 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