The unemployed individual, during the individual's base period, shall have been paid wages for insured work of not less than:

1. 1. One Thousand Five Hundred Dollars ($1,500.00); and

2. 2. One and one-half (1 1/2) times the amount of wages during that quarter of the individual's base period in which such wages were highest.

   Notwithstanding the preceding provision, an individual with base period wages equal to or more than the highest annual amount of taxable wages that applies to any calendar year in which the claim for unemployment benefits was filed shall be eligible for benefits.

Laws 1980, SB 637, c. 323, § 2-207, emerg. eff. July 1, 1980; Amended by Laws 1983, HB 1223, c. 270, § 6, emerg. eff. June 23, 1983; Amended by Laws 1995, HB 1462, c. 340, § 5, emerg. eff. July 1, 1995.