Prohibit fraudulent use of state funds

HB 932 creates a new state law to criminalize the use of false or misleading information to obtain state funding or grants. This provision directly affects individuals and businesses attempting to secure financial assistance from state programs by making such deception a felony offense. The bill mandates a minimum five-year prison sentence and five years of post-release control for those who defraud the state of fifty thousand dollars or more. Additionally, any business owned or controlled by a convicted offender is permanently barred from receiving future state funding.