; and (B) may include a student ineligible for a Federal Pell Grant under section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ) who is determined by the institution to be a low-income student based on an analysis of the student’s ability to afford the cost of attendance at the institution. (4) Minority-serving institution The term minority-serving institution means any public or not-for-profit institution of higher education— (A) described in paragraphs (2) through (7) of section 371(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1067q ); and (B) designated as a minority-serving institution by the Secretary. 204. Appropriations (a) Authorization and appropriations for HBCU and MSI grants For the purpose of carrying out sections 201 and 202, there are authorized to be appropriated, and there are appropriated— (1) $61,050,000 for fiscal year 2018; (2) $199,800,000 for fiscal year 2019; (3) $1,189,920,000 for fiscal year 2020; (4) $1,237,650,000 for fiscal year 2021; (5) $1,287,600,000 for fiscal year 2022; (6) $1,338,660,000 for fiscal year 2023; (7) $1,359,750,000 for fiscal year 2024; (8) $1,449,660,000 for fiscal year 2025; (9) $1,508,490,000 for fiscal year 2026; and (10) $1,569,540,000 for fiscal year 2027 and each succeeding fiscal year. (b) Availability Funds appropriated under subsection (a) are to remain available to the Secretary until expended. (c) Insufficient funds If the amount appropriated under subsection (a) for a fiscal year is not sufficient to award each participating institution in the grant programs under sections 201 and 202 a grant under this part equal to 100 percent of the grant amount determined under section 201(c), the Secretary may ratably reduce the amount of each such grant or take other actions necessary to ensure an equitable distribution of such amount.