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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
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SUBTITLE 5. MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY |
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PART III. SMALL BUSINESS DEVELOPMENT CONTRACT FINANCING FUND. |
§ 5-530. Prohibited acts -- Penalty
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(a) False statement -- Application or document. -- A person may not knowingly make or cause to be made a false statement or report in an application or document submitted to the Authority under this part.
(b) False statement -- To influence Authority. -- A person may not knowingly make or cause to be made a false statement or report to influence an action of the Authority under this part:
(1) on an application for financial assistance; or
(2) affecting financial assistance whether or not the assistance has already been extended.
(c) Penalty. -- A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 5 years or a fine not exceeding $ 50,000 or both.