WILLIAM DONALD SCHAEFER, Governor Ch. 422

(II)  ANY MONEYS RECEIVED FROM THE SALE OF STATE
GENERAL OBLIGATION BONDS;

(III)  MONEYS RECEIVED FROM OTHER PUBLIC OR
PRIVATE SOURCES;

(IV) INVESTMENT EARNINGS ON THE FUND;

(V) (IV) THE MONEYS CONTAINED IN THE CAPITAL
GRANT FUND FOR HISTORIC PRESERVATION WHICH SHALL BE TRANSFERRED
TO THE MHT GRANT FUND AS OF JUNE 30, 1989; AND

(VI) (V) THE PROCEEDS FROM THE RESALE OR LEASE
OF ANY PROPERTIES ORIGINALLY ACQUIRED BY THE TRUST WITH MONEYS
FROM THE MHT GRANT FUND OR THE CAPITAL GRANT FUND FOR HISTORIC
PRESERVATION PRIOR TO JULY 1, 1989.

(2)  THE STATE TREASURER SHALL HOLD AND THE STATE
COMPTROLLER SHALL ACCOUNT FOR THE MHT GRANT FUND. THE MHT GRANT
FUND SHALL BE INVESTED AND REINVESTED IN THE SAME MANNER AS OTHER
STATE FUNDS. ANY INVESTMENT EARNINGS OF THE MHT GRANT FUND SHALL
BE PAID INTO THE MHT GRANT FUND.

(3)  ON OR BEFORE DECEMBER 31 OF EACH YEAR, THE TRUST
SHALL REPORT TO THE GOVERNOR AND, SUBJECT TO § 2-1312 OF THE
STATE GOVERNMENT ARTICLE, TO THE GENERAL ASSEMBLY THE FINANCIAL
STATUS OF THE MHT GRANT PROGRAM AND A SUMMARY OF ITS OPERATIONS
FOR THE PRECEDING FISCAL YEAR.

(4)  THE MHT GRANT FUND IS A SPECIAL FUND WITHIN THE
MEANING OF § 10-306 OF THE STATE FINANCE AND PROCUREMENT ARTICLE
OF THE CODE.

(J) (1) A PERSON MAY NOT KNOWINGLY MAKE OR CAUSE TO BE MADE
ANY MATERIAL MISSTATEMENT OF FACT, INCLUDING AN UNDERSTATEMENT OR
OVERSTATEMENT OF FINANCIAL CONDITION, IN A STATEMENT OR REPORT IN
OR REGARDING AN APPLICATION FOR A GRANT OR AFFECTING A GRANT
ALREADY MADE.

(2) ANY PERSON WHO VIOLATES ANY PROVISION OF THIS
SUBSECTION IS GUILTY OF A MISDEMEANOR AND ON CONVICTION IS
SUBJECT TO A FINE NOT EXCEEDING $5,000 OR IMPRISONMENT NOT
EXCEEDING 2 YEARS OR BOTH.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 19, 1989.

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