Ch. 584                                    LAWS OF MARYLAND

UNCLASSIFIED EMPLOYEES, THE COMPENSATION OF UNCLASSIFIED
EMPLOYEES SHALL BE AS DETERMINED BY THE COMMISSIONERS AND SHALL
BE IN ACCORDANCE WITH THE STATE PAY PLAN WHEN POSSIBLE. PRESENT
EMPLOYEES OF THE STATE ACCIDENT FUND WHO ARE IN THE MER1T SYSTEM
SHALL REMAIN IN THE MERIT SYSTEM AND SHALL RETAIN THEIR RIGHTS
AND STATUS UNDER ARTICLE 64A OF THE CODE.

(c) The commissioners of the State Accident Fund shall make
a report to the Governor [and the Secretary of Personnel]
annually, within ninety days after the close of the State's
fiscal year, which shall likewise be the fiscal year of the State
Accident Fund, which report shall include a detailed statement of
the expenses and of the condition of the State Accident Fund.

(d) At his discretion, the Legislative Auditor may conduct
an annual audit of a fiscal and compliance nature of the accounts
and transactions of the State Accident Fund in place of
conducting these audits on a biennial basis. Officials of the
State Accident Fund shall be advised whether annual or biennial
audits will be conducted. The cost of the fiscal portion of the
post audit examinations shall be borne by the State Accident
fund.

(E)(1) THE COMMISSIONERS SHALL ESTABLISH AN OPERATING AND
CAPITAL BUDGET FOR THE STATE ACCIDENT FUND, AND, FOR
INFORMATIONAL PURPOSES ONLY, DISCLOSE THE BUDGET TO THE BUDGET
AND TAXATION COMMITTEE OF THE SENATE AND THE APPROPRIATION
COMMITTEE OF THE HOUSE OF DELEGATES OF THE STATE.

(2) EXCEPT AS PROVIDED BY THIS ARTICLE, THE STATE
ACCIDENT FUND IS INDEPENDENT OF ALL STATE AGENCIES AND IS NOT
SUBJECT TO ANY LAW AFFECTING GOVERNMENTAL PUBLIC ENTITIES.

74.                                                     

It shall be the duty of the commissioners of the State
Accident Fund to classify any industries subject to this article
mentioned or not mentioned which are insured in the State
Accident Fund. And the commissioners shall have power on or
before the first day of January of each year to reclassify such
industries, or oftener, if, in the opinion of the commissioners,
the same should be deemed just and advantageous; or to create
additional classifications with respect to their respective
degrees of hazard and determine the risk of the different
classes, and fix the rate of premium for each class, according to
the risks of the same sufficiently large to guarantee a workmen's
compensation fund from year to year. It shall be the duty of the
commissioners in determining the rates, in order to create a fund
sufficiently large to guarantee a workmen's compensation fund
from year to year to also reclassify from time to time the
industries or occupations, in order that there may be a flexible
adjustment of the rates as the hazard fluctuates, and to use all
means in their power through the rate adjustment to lessen the

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