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Ch. 98
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2000 LAWS OF MARYLAND
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(J) THE DEPARTMENT SHALL ADOPT REGULATIONS NECESSARY TO CARRY
OUT THE CAPITAL ACCESS PROGRAM.
[4-207. ] 4-208.
(a) The NEIGHBORHOOD BUSINESS DEVELOPMENT Program shall be
operated with moneys in the Neighborhood Business Development Fund, which Fund
shall be a continuing, nonlapsing special fund consisting of:
(1) Moneys appropriated by the State for the Neighborhood Business
Development Program;
(2) Any repayment or prepayment of financial assistance [loaned] under
THIS SUBTITLE OR UNDER THE STATE ACTION LOANS FOR TARGETED AREAS
PROGRAM UNDER the former Subtitle 6, Title 4 of this article; [and]
(3) Moneys transferred to the Fund from any other fund as provided for
in this article; AND
(4) ANY OTHER MONEYS RECEIVED BY THE NEIGHBORHOOD BUSINESS
DEVELOPMENT PROGRAM UNDER THIS SUBTITLE.
(b) The Department shall use the Fund to provide financial assistance to
small businesses and to pay expenses of the NEIGHBORHOOD BUSINESS
DEVELOPMENT Program.
(c) The State Treasurer shall hold and the State Comptroller shall account for
the Neighborhood Business Development Fund. The Fund shall be invested and
reinvested. Any investment earnings 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 approval of the Legislative Policy Committee and subject to
the provisions of § 7-209 of the State Finance and Procurement Article,
unencumbered moneys in the Neighborhood Business Development Fund to any other
fund established under Title 2 of this article.
[4-208.] 4-209.
(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] FINANCIAL ASSISTANCE UNDER THE NEIGHBORHOOD
BUSINESS DEVELOPMENT PROGRAM.
(b) A person applying for financial assistance UNDER THE NEIGHBORHOOD
BUSINESS DEVELOPMENT PROGRAM 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 or for the purpose of influencing any action of the
Department affecting financial assistance already provided.
(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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- 706 -
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