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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 VI. SMALL BUSINESS SURETY BOND PROGRAM |
§ 5-575. 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 assistance; or
(2) affecting bonding assistance whether or not the assistance has been extended.
(c) Penalty. -- A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 6 months or a fine not exceeding $ 1,000 or both.