Section 5-530 - Prohibited acts - Penalty(a) 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.(b) 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:(1) on an application for financial assistance; or(2) affecting financial assistance whether or not the assistance has already been extended.(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.