WILLIAM DONALD SCHAEFER, Governor                            Ch. 3

(2) (i) The Secretary may not change an earned rate assigned to an
employing unit as a result of an adjustment or refund [under this title] unless the
application UNDER § 8-638 OF THIS SUBTITLE is submitted by the [December 31]
SEPTEMBER 30 preceding the calendar year for which the rate is assigned.

(ii) The Secretary shall waive the [December 31] SEPTEMBER 30
deadline for good cause.

DRAFTER'S NOTE:

Error: Incorrect codification of provisions that take effect July 1, 1995.

Occurred: Ch. 192, Acts of 1993.
8-612.

(b)     For an employing unit that qualifies under § 8-610(a)(2) of this subtitle, the
Secretary shall compute a benefit ratio by:

(1)     adding the regular, work sharing, and extended benefits that were
chargeable to the earned rating record of the employing unit and paid during the 3
[rating] CALENDAR years immediately preceding the computation date; and

(2)     dividing the figure determined under item (1) of this subsection by the
total of the reported taxable wages for the same period.

(c)     For an employing unit that qualifies under § 8-610(a)(3) of this subtitle, the
Secretary shall compute a benefit ratio for the employing unit by:

(1)     adding the regular, work sharing, and extended benefits that were
chargeable to the earned rating record of the employing unit and paid during the period
beginning with the 1st day of the calendar quarter in which the employing unit first
became subject to this title and ending on the [June 30] DECEMBER 31 immediately
preceding the computation date; and

(2)     dividing the figure obtained under item (1) of this subsection by the total
of the reported taxable wages for the same period.

(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.

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