7 U.S.C. § 3222a — Scholarships for students at 1890 Institutions

(a) In general.
(1) The Secretary^* must make grants to each college^* or university^* eligible under the Second Morrill Act, including Tuskegee University, so it can award scholarships to people who (A) have been accepted for admission, (B) will enroll no later than one year after acceptance, and (C) intend to pursue a food and agricultural sciences^* career, including agribusiness, energy and renewable fuels, or financial management.
(2) The Secretary may award a grant only if the institution has established a competitive process for awarding these scholarships.
(3) From the funds under subsection (b)(1), the Secretary may use no more than $10,000,000 for grants under this subsection for the academic year beginning July 1, 2020, and each of the next four academic years.
(4) Each grant must be at least $500,000.
(b)(1)(A) By October 1, 2019, the Secretary must make $40,000,000 from Commodity Credit Corporation funds available for this section until it is spent.
(B) Within 30 days after November 17, 2023, the Secretary must make another $10,000,000 from those funds available until spent.
(C) For fiscal year 2026, the Secretary must make $60,000,000 from those funds available until spent.
(2) In addition, Congress authorizes $10,000,000 for each fiscal year 2020 through 2023.
(3) Of the money available for a fiscal year under paragraphs (1) and (2), no more than 4 percent may pay program-administration costs.
(c) Starting two years after the first grant is awarded, and every two years afterward, the Secretary must report to the House Agriculture Committee and the Senate Agriculture, Nutrition, and Forestry Committee: (1) the amount given to each eligible institution; (2) the number of scholarships awarded under each grant in each fiscal year; and (3) the amount of each scholarship.