WILLIAM DONALD SCHAEFER, Governor Ch. 220

(A)  THE PROGRAM SHALL BE OPERATED WITH MONEYS IN THE
SPECIAL LOAN PROGRAMS FUND, WHICH FUND SHALL BE A CONTINUING,
NONLAPSING SPECIAL FUND CONSISTING OF:

(1)  MONEYS APPROPRIATED BY THE STATE FOR THE SPECIAL
MARYLAND HOUSING REHABILITATION PROGRAM AUTHORIZED UNDER § 2-303
OF THIS TITLE, THE GROUP HOME FINANCING PROGRAM AUTHORIZED UNDER
THIS SUBTITLE, AND THE REGULAR MARYLAND HOUSING REHABILITATION
PROGRAM AUTHORIZED UNDER § 2-303 OF THIS TITLE;

(2)  REPAYMENTS AND PREPAYMENTS OF LOANS MADE UNDER
SUCH PROGRAMS, BOTH PRIOR TO AND AFTER JULY 1, 1989; AND

(3)  MONEYS TRANSFERRED TO THE FUND IN ACCORDANCE WITH
§§ 2-313(K) 2-313(H) 2-313(J), 2-505(D), 2-608 2-613(D),
2-805(D), AND 2-1006(E) OF THIS TITLE.

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

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

(2)  THE FUND SHALL BE INVESTED AND REINVESTED.

(3)  ANY INVESTMENT EARNINGS SHALL BE PAID INTO THE
FUND. ANY REPAYMENT OF PRINCIPAL OR INTEREST ON A LOAN FROM THE
FUND SHALL BE PAID INTO THE FUND.

(D)  AT ANY TIME FOLLOWING THE FIRST 8 MONTHS OF ANY FISCAL
YEAR, THE DEPARTMENT MAY TRANSFER, SUBJECT TO THE PROVISIONS OF §
7-209 OF THE STATE FINANCE AND PROCUREMENT ARTICLE, UNENCUMBERED
MONEYS IN THE SPECIAL LOAN PROGRAMS FUND TO ANY OTHER FUND
ESTABLISHED UNDER THIS TITLE.

2-709.

(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 2 YEARS OR BOTH.

2-1001.

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