1. A. A person may not knowingly make or cause any false statement or report to be made:

   1. (1) In any application or in any document furnished to the Authority;
   2. (2) For the purpose of influencing the action of the Authority on an application for financial assistance or for the purpose of influencing any action of the Authority affecting financial assistance whether or not the assistance may have been already extended.
2. B. A person, or the person's aiders and abettors, who violates or attempts to violate any provision of §A of this regulation is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $50,000, or imprisonment not exceeding 5 years, or both.
3. C. In addition, any applicant who knowingly makes or causes to be made any material misstatement of fact, whether in the nature of an understatement or overstatement of financial condition or any other fact material to the Authority's action in any statement or report in or regarding an application for financial assistance or affecting financial assistance already made, shall be subject to immediate acceleration of the financial assistance.

Authority: Economic Development Article, §2-108 and Title 5, Subtitle 5, Annotated Code of Maryland

Effective date: April 3, 1989 (16:6 Md. R. 730)

Regulation .02 amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .03 amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .03B amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .04 amended effective February 18, 2002 (29:3 Md. R. 223)

Regulation .04A amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .05 amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .06 amended effective August 3, 1992 (19:15 Md. R. 1394); February 18, 2002 (29:3 Md. R. 223)

Regulation .06K amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .07B amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .08A amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .08B, E amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .09 amended effective April 15, 1991 (18:7 Md. R. 775)