20 U.S.C. § 1070b — Purpose; appropriations authorized

(a) Purpose of subpart It is the purpose of this subpart to provide, through institutions of higher education, supplemental grants to assist in making available the benefits of postsecondary education to qualified students who demonstrate financial need under the provisions of part F of this subchapter. (b) Authorization of appropriations (1) For the purpose of enabling the Secretary^* to make payments to institutions of higher education which have made agreements with the Secretary under section 1070b–2(a) of this title , for use by that institutions for payments to undergraduate students of supplemental grants awarded to them under this subpart, there Congress may provide whatever sums are needed for fiscal year 2009 and each of the five succeeding fiscal years. (2) Sums appropriated under this subsection for any fiscal year must be available for payments to institutions until the end of the second fiscal year succeeding the fiscal year for which such sums were appropriated.