Ch. 511 LAWS OF MARYLAND

(2) EXERCISE ANY OTHER REMEDY FOR WHICH THE LOAN
DOCUMENTS PROVIDE.

13-128.3.

(A) A PERSON MAY NOT KNOWINGLY MAKE OR CAUSE TO BE MADE
ANY FALSE STATEMENT OR REPORT IN ANY APPLICATION OR
DOCUMENT FURNISHED TO THE DEPARTMENT.

(B) A PERSON MAY NOT KNOWINGLY MAKE OR CAUSE TO BE MADE
ANY FALSE STATEMENT OR REPORT FOR THE PURPOSE OF
INFLUENCING THE ACTION OF THE DEPARTMENT ON AN APPLICATION
FOR FINANCIAL ASSISTANCE OR FOR THE PURPOSE OF INFLUENCING
ANY ACTION OF THE DEPARTMENT AFFECTING FINANCIAL ASSISTANCE
WHETHER OR NOT SUCH ASSISTANCE MAY HAVE ALREADY BEEN
EXTENDED.

(C) ANY PERSON WHO VIOLATES ANY PROVISION OF THIS PART 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.

13-128.4.

IF, AT ANY TIME, THE AMOUNT OF MONEYS IN THE FUND EXCEEDS
THE AMOUNT THAT THE DEPARTMENT CONSIDERS NECESSARY TO
MEET THE DEPARTMENT'S EXPENSES AND OBLIGATIONS UNDER THIS
PART, THE DEPARTMENT SHALL:

(1) DEPOSIT THE EXCESS MONEYS WITH THE STATE
TREASURER, WHO SHALL INVEST THE MONEYS IN THE MANNER
PROVIDED FOR BY LAW; OR

(2) TRANSFER THE EXCESS MONEYS:

(I) INTO THE BOND INSURANCE FUND TO BE USED AS
PROVIDED FOR IN § 13-120(C) OF THIS TITLE; OR

(II) INTO THE AUTHORIZED PURPOSE INSURANCE FUND
TO BE USED AS PROVIDED FOR IN § 13-121(C) OF THIS TITLE.

13-128.5.

ANNUALLY, THE STATE TREASURER SHALL REPORT TO THE
DEPARTMENT AS TO:

(1) THE STATUS OF THE MONEY INVESTED UNDER THIS PART;

(2) THE MARKET VALUE OF THE ASSETS IN THE FUND AS OF
THE DATE OF THE REPORT; AND

(3) THE INTEREST RECEIVED FROM INVESTMENTS FOR THE

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