# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-463

(a) A person may not knowingly make or cause a false statement or report to be made in an application or document submitted to the Authority.

(b) A person may not knowingly make or cause a false statement or report to be made to influence an action of the Authority:

  (1) on an application for financial assistance under this subtitle; or

  (2) affecting financial assistance sought or awarded under this subtitle.

(c) A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 5 years or a fine not exceeding $50,000 or both.

(d) A person who violates this section is subject to Sec. 5-106(b) of the Courts Article.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)