WILLIAM DONALD SCHAEFER, Governor

Ch. 504

(7) (6) TAKE ANY OTHER ACTION NECESSARY OR CONVENIENT
FOR THE EFFECTIVE OPERATION OF THE PROGRAM.

(C) APPROVAL OR EXECUTION BY THE BOARD OF PUBLIC WORKS OR
THE DEPARTMENT OF GENERAL SERVICES IS NOT REQUIRED FOR THE SALE
OR PURCHASE OF PROPERTY WHICH IS ACQUIRED OR DISPOSED OF BY THE
DEPARTMENT UNDER THIS SECTION.

2-606.

(A)  (1) THERE IS A CLOSING COSTS ASSISTANCE SETTLEMENT
EXPENSE LOAN FUND.

(2)  THE FUND SHALL BE A CONTINUING, NONLAPSING,
SPECIAL FUND, THAT CONSISTS OF REPAYMENTS OF PRINCIPAL AND
INTEREST ON THE LOANS AND OF MONEYS APPROPRIATED BY THE STATE TO
THE FUND.

(3) MONEYS APPROPRIATED BY THE STATE TO THE FUND MAY
BE APPROPRIATED ONLY UP TO AND INCLUDING FISCAL YEAR 1993.

(B)  (1) THE DEPARTMENT SHALL USE THE FUND TO MAKE LOANS AND
TO PAY EXPENSES OF THE PROGRAM.

(2) UPON ISSUANCE OF A BINDING COMMITMENT TO MAKE A
LOAN, AN AMOUNT EQUAL TO THE COMMITMENT SHALL BE TRANSFERRED FROM
THE FUND TO THE DEPARTMENT.

(C)  (1) THE STATE TREASURER SHALL HOLD AND THE STATE
COMPTROLLER SHALL ACCOUNT FOR THE FUND.

(2) ANY REPAYMENT OF LOANS FROM THE FUND SHALL BE
PAID INTO THE FUND.

2-607.

(A)  A PERSON MAY NOT KNOWINGLY MAKE OR CAUSE ANY FALSE
STATEMENT OR REPORT TO BE MADE IN ANY DOCUMENT REQUIRED TO BE
FURNISHED TO THE DEPARTMENT BY ANY AGREEMENT RELATING TO A LOAN.

(B)  A PERSON APPLYING FOR A LOAN 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 A LOAN APPLICATION OR
FOR THE PURPOSE OF INFLUENCING ANY ACTION OF THE DEPARTMENT
AFFECTING A LOAN ALREADY MADE.

(C)  ANY PERSON WHO VIOLATES ANY PROVISION OF SUBSECTION (A)
OR (B) OF THIS SECTION 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.

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