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No. 76 Page 58 of 74 2023

VT LEG #371318 v.1 accordance with subdivisions (c)(2)(A) and subdivision (B) of this section will subdivision (c)(2) shall continue to be liable for payments in lieu of contributions until it files with the Commissioner a written notice terminating its election not later than 30 days prior to the beginning of the calendar year for which such the termination shall first be effective. (D) Any nonprofit organization which that has been paying contributions under this chapter for a period subsequent to January 1, 1972 may change to a reimbursable basis elect to become liable for payments in lieu of contributions by filing with the Commissioner not later than 30 days prior to the beginning of any calendar year a written notice of election to become liable for payments in lieu of contributions. Such An election under this subdivision (c)(2)(D) shall not be terminable by the organization for that year and the next year. (E) The Commissioner may for good cause extend the period within which a notice of election, or a notice of termination, must be filed and may permit an election to be retroactive but not any earlier than with respect to benefits paid after December 31, 1969. (F) The Commissioner, in accordance with such any applicable rules as adopted by the Board may prescribe, shall notify each nonprofit organization of any determination which he or she may make of that the Commissioner makes with regard to its status as an employer and of the effective date of any election which it that the organization makes and of any