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U.S. Code as of:
01/19/04
Section 450d. Criminal activities involving grants, contracts, etc.; penalties
Whoever, being an officer, director, agent, or employee of, or
connected in any capacity with, any recipient of a contract,
subcontract, grant, or subgrant pursuant to this subchapter or the
Act of April 16, 1934 (48 Stat. 596), as amended [25 U.S.C. 452 et
seq.], embezzles, willfully misapplies, steals, or obtains by fraud
any of the money, funds assets, or property which are the subject
of such a grant, subgrant, contract, or subcontract, shall be fined
not more than $10,000 or imprisoned for not more than two years, or
both, but if the amount so embezzled, misapplied, stolen, or
obtained by fraud does not exceed $100, he shall be fined not more
than $1,000 or imprisoned not more than one year, or both.
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