A. It is unlawful for any person to intentionally and knowingly submit to the Town of Breckenridge, or any authorized agent of the Town of Breckenridge, any financial or employment information in connection with the town's housing program containing any untrue statement of a material fact or to fail to state in such financial or employment information any material fact necessary in order to make the statement made in the financial or employment information, in light of the circumstances under which it was made, not misleading.

B. As used in this section, "town's housing program" means the Town of Breckenridge housing program providing deed restricted and affordable housing opportunities, both for rent and for ownership, for qualified participants based upon the participant's employment and/or income and expenses, assets, or other financial resources, as from time to time established and operated.

C. Any person convicted of violating this section is disqualified from further participation in the town's housing program for a period of five (5) years following the date of such conviction; provided, however, this provision shall not be construed or interpreted to impair any existing contract to which the convicted person is a party. (Ord. 1, Series 2008)