; (B) $1,300,000,000 for fiscal year 2020; (C) $1,450,000,000, for fiscal year 2021; (D) $1,600,000,000 for fiscal year 2022; and (E) $1,750,000,000 for fiscal year 2023 and each succeeding fiscal year. ; (3) by redesignating paragraph (2) as paragraph (3); and (4) by inserting after paragraph (1) the following: (2) For the purpose of enabling the Secretary to fund demonstration projects under section 413(F), there are allocated, from funds authorized under paragraph (b)(1), $1,250,000 for fiscal year 2019 and each of the 3 succeeding fiscal years. . 4028. Allocation of funds Section 413D of the Higher Education Act of 1965 ( 20 U.S.C. 1070b–3 ) is amended to read as follows: 413D. Allocation of funds (a) Allocation formula for fiscal years 2019 through 2023 (1) In general From the amount appropriated under section 413A(b)(1) for a fiscal year, the Secretary shall allocate to each institution— (A) for fiscal year 2019, an amount equal to the greater of— (i) 90 percent of the amount the institution received under subsection (a) for fiscal year 2018, as such subsection was in effect with respect to such fiscal year (in this subparagraph referred to as the 2018 amount for the institution ); or (ii) the fair share amount for the institution determined under subsection (c); (B) for fiscal year 2020, an amount equal to the greater of— (i) 80 percent of the 2018 amount for the institution; or (ii) the fair share amount for the institution determined under subsection (c); (C) for fiscal year 2021, an amount equal to the greater of— (i) 60 percent of the 2018 amount for the institution; or (ii) the fair share amount for the institution determined under subsection (c); (D) for fiscal year 2022, an amount equal to the greater of— (i) 40 percent of the 2018 amount for the institution; or (ii) the fair share amount for the institution determined under subsection (c); and (E) for fiscal year 2023, an amount equal to the greater of— (i) 20 percent of the 2018 amount for the institution