A person or agency may not: fail to perform duties required under this subtitle; fail to pay the principal of and interest on any bonds, notes, or other evidence of indebtedness as required by this subtitle; or use the money from bonds, notes, or other evidence of indebtedness for any purpose other than the purpose specified under this subtitle. A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 3 years or a fine not exceeding $1,000 or both.