PARRIS N. GLENDENING, Governor

Ch. 570

(2) MAY NOT BE FURTHER DISCLOSED BY THAT PERSON WITHOUT THE
WRITTEN PERMISSION OF THE COMMISSIONER.

(E) A PERSON THAT VIOLATES ANY PROVISION OF THIS SECTION IS GUILTY
OF A MISDEMEANOR AND ON CONVICTION IS SUBJECT TO:

(1)      FORFEITURE OF THE PERSON'S OFFICE OR EMPLOYMENT; AND

(2)      A FINE NOT EXCEEDING $1,000 OR IMPRISONMENT NOT EXCEEDING
2 YEARS OR BOTH.

6-310.

(A)     A PERSON MAY NOT WILLFULLY MAKE, CIRCULATE, OR SEND TO
ANOTHER PERSON ANY UNTRUE STATEMENT THAT IS DEROGATORY TO THE
FINANCIAL CONDITION OR THAT AFFECTS THE SOLVENCY OR FINANCIAL STANDING
OF ANY CREDIT UNION DOING BUSINESS IN THE STATE, OR COUNSEL, AID,
PROCURE, OR INDUCE ANOTHER TO MAKE, CIRCULATE, OR SEND TO ANOTHER
PERSON SUCH A STATEMENT.

(B)     A PERSON THAT VIOLATES ANY PROVISION OF THIS SECTION IS GUILTY
OF A MISDEMEANOR AND ON CONVICTION IS SUBJECT TO A FINE NOT EXCEEDING
$1,000 OR IMPRISONMENT NOT EXCEEDING 3 YEARS OR BOTH.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved May 22, 1997.

CHAPTER 570
(Senate Bill 257)

AN ACT concerning

MSBDFA - Management Group Contract and Equity Participation Investment Program

FOR the purpose of authorizing the Department of Business and Economic Development
to extend the expiration date of a certain management contract to administer the
programs of the Maryland Small Business Development Financing Authority;
authorizing the Department of Business and Economic Development to renew a
certain management contract to administer the programs of the Maryland Small
Business Development Financing Authority; requiring the Department to include
certain performance standards in any extension or renewal of the management
contract to administer the programs of the Maryland Small Business Development
Financing Authority; increasing the maximum amount of the Maryland Small
Business Development Financing Authority's participation in franchises through the
Equity Participation Investment Program; removing a certain annual cap for total
financing under the Equity Participation Investment Program; removing a certain
net worth altering a certain requirement necessary to apply for certain financing
from the Equity Participation Investment Program; altering the percentage of

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