A person may not knowingly make or cause to be made a false statement or report in an application or document submitted to the Authority under this part. A person may not knowingly make or cause to be made a false statement or report to influence an action of the Authority under this part: on an application for assistance; or affecting bonding assistance whether or not the assistance has been extended. 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.