; non-Federal share (a) Federal share (1) Formula Subject to paragraph (2), the Federal share of a grant under this subtitle shall be based on a formula, determined by the Secretary, that— (A) accounts for the State or Indian Tribe’s share of eligible students; and (B) provides, for each eligible student in the State or Indian Tribe, a per-student amount that is— (i) not less than 300 percent of the per-student amount of the State or Indian Tribe share, determined under subsection (b), subject to clause (ii); and (ii) not greater than 75 percent of— (I) for the 2018–2019 award year, the average resident community college tuition and fees per student in all States for the most recent year for which data are available; and (II) for each subsequent award year, the average resident community college tuition and fees per student in all States calculated under this subclause for the preceding year, increased by the lesser of— (aa) the percentage by which the average resident community college tuition and fees per student in all States for the most recent year for which data are available increased as compared to such average for the preceding year