Sec. 50824. Appropriations
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/bill/116/hr/8352/ih/section-50824·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purpose of carrying out sections 50821 and 50822, there are authorized to be appropriated, and there are appropriated— $61,050,000 for fiscal year 2021; $199,800,000 for fiscal year 2022; $1,189,920,000 for fiscal year 2023; $1,237,650,000 for fiscal year 2024; $1,287,600,000 for fiscal year 2025; $1,338,660,000 for fiscal year 2026; $1,359,750,000 for fiscal year 2027; $1,449,660,000 for fiscal year 2028; $1,508,490,000 for fiscal year 2029; and $1,569,540,000 for fiscal year 2030 and each succeeding fiscal year. Funds appropriated under subsection
(a)are to remain available to the Secretary until expended. If the amount appropriated under subsection
(a)for a fiscal year is not sufficient to award each participating institution in the grant programs under sections 50821 and 50822 a grant under this part equal to 100 percent of the grant amount determined under section 50821(c), the Secretary may ratably reduce the amount of each such grant or take other actions necessary to ensure an equitable distribution of such amount.