This bill appropriates $4,000,000 to the Department of Education's Division of Higher Education for grants and expenses related to Historically Black Colleges and Universities (HBCUs) for the fiscal year ending June 30, 2024. The funds will be used for scholarships, personal services, and operating expenses, including outreach programs to promote awareness of these scholarships. The funding will be sourced from the Higher Education Grants Fund Account, with a transfer of the specified amount from the General Revenue Allotment Reserve Fund to facilitate this appropriation.

Additionally, the bill includes an emergency clause, stating that the act must take effect on July 1, 2023, to ensure the timely operation of the agency and prevent any disruption in essential governmental programs. The language emphasizes compliance with existing fiscal control laws and the intent of the General Assembly to adhere to the reasons for the appropriation as outlined in various official documents.