Section 8-104 - Pay rates generally(a)(1) Pay rates in the Standard Pay Plan may be set by: (i) a series of pay grades and steps within each grade;(iii) minimum and maximum amounts.(2) Pay rates in the Executive Pay Plan may be set by:(i) a series of executive pay grades and steps within each grade;(iii) minimum and maximum amounts.(b) In setting or amending a pay rate, the Secretary shall consider: (1) the prevailing pay rates for comparable services in private and public employment;(5) the financial condition and policies of this State.(c) A pay rate in either pay plan is subject to any limitations included in the State budget.Amended by 2015 Md. Laws, Ch. 199,Sec. 1, eff. 5/12/2015.