[§392-67]  Assessments for the special fund
for disability benefits.  (a)  Each employer shall, from July 1, 1969,
to December 31, 1969, contribute to the establishment of the special fund
for disability benefits at the rate of .2 per cent of covered wages as defined
in section 392-43.  The employer shall pay such contributions to the director
for a given month on or before the thirtieth day of the next succeeding month.



(b)  When the balance of the special fund for
disability benefits falls below $500,000 as of December 31 of any year
after 1969, a levy shall be assessed and collected in the next calendar year
from insurers of employers insured under section 392-41 and from all other
employers not insured under section 392-41.



Each year the director shall determine the
amount of the levy to be paid by each insurer or employer and shall give notice
of the levy to each such insurer or employer on or before May 1 of the
year in which the levy is assessed.  The amount of the levy shall be paid on or
before June 30 following notification.



The amount of the levy against each insurer or
employer shall be determined as the product of the wages paid by the employer
multiplied by a factor which is the ratio of the amount by which the balance in
the special disability benefits fund was less than $500,000 on the preceding
December 31 to total covered wages paid by all employers.  For the
purposes of this paragraph, "covered wages" means wages paid by
employers during the preceding calendar year but not including wages paid to
any employee in excess of the limit contained in section 392-43(b). [L 1969, c
148, pt of §1]