In this section:

(1) Eligible institution The term “eligible institution” means a college eligible to receive funds under the Act of August 30, 1890 (7 U.S.C. 321 et seq.) (commonly known as the “Second Morrill Act”), including Tuskegee University.

(2) Formula funds The term “formula funds” means the formula allocation funds distributed to eligible institutions under sections 3221 and 3222 of this title.

Not later than September 30, 1999, each eligible institution shall submit to the Secretary a report describing for fiscal year 1999—

(1) the sources of non-Federal funds made available by the State to the eligible institution for agricultural research, extension, and education to meet the requirements of this section; and

(2) the amount of such funds generally available from each source.

Notwithstanding any other provision of this subchapter, the State shall provide equal matching funds from non-Federal sources.

Notwithstanding subsection (f), the Secretary may waive the matching funds requirement under subsection (c) above the 50 percent level for any fiscal year for an eligible institution of a State if the Secretary determines that the State will be unlikely to satisfy the matching requirement.

Under terms and conditions established by the Secretary, matching funds provided as required by subsection (c) may be used by an eligible institution for agricultural research, extension, and education activities.

Federal funds that are not matched by a State in accordance with subsection (c) for a fiscal year shall be redistributed by the Secretary to eligible institutions whose States have satisfied the matching funds requirement for that fiscal year.

(1) Redistribution required Federal funds that are not matched by a State in accordance with subsection (c) for a fiscal year shall be redistributed by the Secretary to eligible institutions whose States have satisfied the matching funds requirement for that fiscal year.

(2) Administration Any redistribution of funds under this subsection shall be subject to the applicable matching requirement specified in subsection (c) and shall be made in a manner consistent with sections 3221 and 3222 of this title, as determined by the Secretary.

(Pub. L. 95–113, title XIV, § 1449, as added Pub. L. 105–185, title II, § 226(a), June 23, 1998, 112 Stat. 542; amended Pub. L. 107–171, title VII, § 7212, May 13, 2002, 116 Stat. 447; Pub. L. 110–234, title VII, § 7127, May 22, 2008, 122 Stat. 1223; Pub. L. 110–246, § 4(a), title VII, § 7127, June 18, 2008, 122 Stat. 1664, 1984.)