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20 U.S.C. 1068f: PenaltiesText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 20-EDUCATIONCHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
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§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, § 397 , formerly § 358, as added Pub. L. 99–498, title III, § 301(a) , Oct. 17, 1986 , 100 Stat. 1307 ; renumbered § 397, Pub. L. 105–244, title III, § 301(a)(2) , Oct. 7, 1998 , 112 Stat. 1636 .)

Editorial Notes

Codification

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