(a)    As an alternative to the scholarship awards authorized by §§ 18–503 through 18–505 of this subtitle, and subject to the provisions of subsection (b) of this section, during each year in office each Delegate may award scholarships in a total amount equal to four times the tuition and mandatory fees for a full–time undergraduate student enrolled at the University of Maryland, College Park Campus for the academic year commencing in that year.

(b)    A scholarship award under subsection (a) of this section:

(1)    May not be for an amount less than $200 or more than one–half of the total amount of scholarships authorized by subsection (a) of this section for that year;

(2)    Shall be used at an eligible institution;

(3)    May be used by:

(i)    A graduate, undergraduate, or professional student;

(ii)    A student at a private career school within the State that is approved by the Maryland Higher Education Commission under § 11–202 of this article and that is accredited by a national accrediting association that is approved by the United States Department of Education; or

(iii)    A student who is currently enrolled or was enrolled in the last 2 years in a certificate or license program, course, or sequence of courses at a community college that leads to certification or licensure as reimbursement for educational expenses that are defined by the Office and include tuition, mandatory fees, and room and board; and

(4)    To the extent it is not used by the student, shall be recredited to the Delegate’s scholarship account and may be awarded in the next 12 months by that Delegate to another student pursuant to this section.