(a) (1) Until June 30, 2019, each Senator may award $34,500 of senatorial scholarships each year.
(2) Beginning July 1, 2019, each Senator may award senatorial scholarships each fiscal year in an amount that may not exceed the total of:
(i) The amount authorized to be awarded the previous year; and
(ii) The amount of the increase over the previous year in the tuition and mandatory fees of an undergraduate program at the 4–year public institution of higher education within the University System of Maryland, other than the University of Maryland Global Campus and University of Maryland, Baltimore Campus, with the highest annual expenses for a full–time resident undergraduate.
(b) (1) The annual allocation under subsection (a) of this section applies to initial–year awards. After 4 years of operation, the annual allocation to each Senator for initial–year and continuing awards may not exceed four times the amount of the Senator’s allocation under subsection (a) of this section.
(2) If a recipient moves to the legislative district of another Senator, the allocation to the recipient shall continue to be drawn on the account of the Senator who originally awarded the scholarship.
(c) (1) A senatorial scholarship may be awarded in $100 increments.
(2) An award for a single year may not be less than $400 or more than the equivalent annual tuition and mandatory fees of an undergraduate program at the 4–year public institution of higher education within the University System of Maryland, other than the University of Maryland Global Campus and University of Maryland, Baltimore Campus, with the highest annual expenses for a full–time resident undergraduate.