1994 LAWS OF MARYLAND

MARYLAND, Sct.:

At a Session of the General Assembly of Maryland, begun and held in the City of
Annapolis on the Twelfth Day of January, 1994, and Ending on the Eleventh Day of
April, 1994, William Donald Schaefer, being Governor of the State, the following
laws were enacted, to wit:

CHAPTER 1
(House Bill 115)

AN ACT concerning

Unemployment Insurance - Employer's Basic Rate - Surcharge

FOR the purpose of limiting for a certain period the amount of a surcharge that may be
added to an employer's basic rate of contribution to the Maryland Unemployment
Insurance Fund; providing for the application of this Act; making this Act an
emergency measure; providing for the termination of this Act; and generally relating to
contribution rates to the Unemployment Insurance Fund.

BY repealing and reenacting, with amendments,
Article - Labor and Employment
Section 8-612(e)(1), (2), and (3)
Annotated Code of Maryland
(1991 Volume and 1993 Supplement)
(As enacted by Chapter 554, Section 6 of the Acts of the General Assembly of 1992)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Labor and Employment

8-612.

(e) For any calendar year beginning on or after January 1, 1992, when the
Unemployment Insurance Fund balance on September 30 of the immediately preceding
calendar year is less than 4.7% or equals or is in excess of 5.5% of the total taxable wages
in covered employment for the 4 completed calendar quarters immediately preceding
September 30, the rates at which employers shall be required to pay contributions shall be
determined by using the Table of Basic Rates under subsection (d) of this section
adjusted as shown in the Schedule of Basic Rate Adjustments set forth below.

EXPLANATION: CAPITALS INDICATE MATTER ADDED. TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.

Strike out indicates matter stricken from the bill by amendment or deleted from the
law by amendment.
Italics indicate opposite chamber/conference committee amendments.

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