Sec. 397. PENALTIES
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/statute-compilations/comps-765/sec-397A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 397 PENALTIES **[**[20 U.S.C. 1068f](/us/usc/t20/s1068f)**]** 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 title 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.
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U.S. Code