WILLIAM DONALD SCHAEFER, Governor                   Ch. 311

(a)  Except as provided in this [subheading] SUBTITLE, the
Department may set the terms and conditions for guarantees of

loans.

(b)  The total aggregate amount of the loan guarantee may
not exceed 80 percent of the loan.

(c)  The total aggregate amount of insurance from the Loan
Guarantee Fund, with respect to the insured portions of the loan,
may not exceed at any time an amount equal to 5 times the balance
in the Loan Guarantee Fund.

[13-311.] 6-211.

If an applicant violates any provisions of the loan
guarantee agreement or ceases to meet the requirements of this
[subheading] SUBTITLE, on reasonable notice to the applicant, the

Department may:

(1)  Withhold from the applicant further loan
guarantees until the applicant complies with the agreement or

requirements; and

(2)  Exercise any other remedy for which the loan

guarantee agreement provides.

[13-312.] 6-212.

(a)  A person may not knowingly make or cause any false
statement or report to be made in any application or in any
document furnished to the Department.

(b)  A person may not knowingly make or cause any false
statement or report to be made 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 or any aider and abettor, who violates any
provision of this [subheading] SUBTITLE, is guilty of a
misdemeanor and on conviction is subject to a fine not exceeding
550,000 or imprisonment in the penitentiary not exceeding 5

years, or both.

[13-313.] 6-213.

The Department shall promulgate such rules as are necessary
to carry out the purposes of this [subheading] SUBTITLE.

Subtitle [4.] 3. Maryland Energy Financing Act

[13-401.] 6-301.

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