 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER III--INSTITUTIONAL AID
 
                       Part F--General Provisions
 
Sec. 1068f. Penalties

    Whoever, being an officer, director, agent, or employee of, or 
connected in any capacity with, any recipient of Federal financial 
assistance or grant pursuant to this subchapter embezzles, willfully 
misapplies, steals, or obtains by fraud any of the funds which are the 
subject of such grant or assistance, shall be fined not more than 
$10,000 or imprisoned for not more than 2 years, or both.

(Pub. L. 89-329, title III, Sec. 397, formerly Sec. 358, as added Pub. 
L. 99-498, title III, Sec. 301(a), Oct. 17, 1986, 100 Stat. 1307; 
renumbered Sec. 397, Pub. L. 105-244, title III, Sec. 301(a)(2), Oct. 7, 
1998, 112 Stat. 1636.)

                          Codification

    Section was formerly classified to section 1069d of this title prior 
to renumbering by Pub. L. 105-244.
