To provide additional funding for scholarships for students at 1890 institutions.
Source: Congress.gov ·
369 words in original text
What This Bill Does
This bill changes how money is set aside for scholarships for students at 1890 institutions (historically Black colleges and universities that were established in 1890 or later). The bill provides ongoing funding from the Commodity Credit Corporation (a government agency that manages agricultural commodity programs) for these scholarships instead of funding them for only a limited time period.
Who It Affects
Students at 1890 institutions receive the direct benefits of this bill. The Secretary of Agriculture (the head of the U.S. Department of Agriculture) must manage the funding. The Commodity Credit Corporation provides the money.
Key Provisions
* The Secretary of Agriculture must make $10,000,000 available each year starting in fiscal year 2025 and continuing every year after that to pay for scholarships at 1890 institutions (Sec. 1(a)(2))
* The money comes from the Commodity Credit Corporation and stays available to spend until it is used (Sec. 1(a)(2))
* The bill extends scholarship funding from only fiscal years 2020 through 2023 to fiscal year 2020 and every fiscal year after that (Sec. 1(a)(3))
What Changes
The bill creates permanent, ongoing annual funding of $10,000,000 instead of a temporary funding period that was set to end. The money will now continue indefinitely rather than stopping after 2023.
Important Definitions
1890 institutions: Not defined in bill text
Effective Date
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
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