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Terms Used In Maryland Code, EDUCATION 18-2106

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(a) The Governor shall include in the annual budget bill an appropriation of at least $400,000 to the Program for scholarship awards.

(b) These funds appropriated under subsection (a) of this section shall be divided and distributed equally to each HBCU.