; (2) in subsection (b)(1), by striking appropriated and all that follows through the end and inserting appropriated— (A) $1,150,000,000 for fiscal year 2021; (B) $1,300,000,000 for fiscal year 2022; (C) $1,450,000,000, for fiscal year 2023; (D) $1,600,000,000 for fiscal year 2024; and (E) $1,750,000,000 for fiscal year 2025 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 emergency grant aid programs under section 440D, there are allocated, from funds authorized under paragraph (b)(1), $12,500,000 for fiscal year 2021 and each of the 5 succeeding fiscal years. . 4042. Institutional eligibility Section 413C(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1070b–2 ) is amended— (1) in paragraph (2)— (A) by striking agrees inserting except as provided in paragraph (4), agrees ; and (B) by striking and at the end; (2) in paragraph (3)(D), by striking the period and inserting ; and ; and (3) by adding at the end the following: (4) agrees that the Federal share of an award under this subpart to an institution eligible for assistance under title III or title V shall equal 100 percent of such award. . 4043. 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 2021 through 2025 (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 2021, an amount equal to the greater of— (i) 90 percent of the amount the institution received under subsection (a) for fiscal year 2020, as such subsection was in effect with respect to such fiscal year (in this subparagraph referred to as the 2020 amount for the institution ); or (ii) the fair share amount for the institution determined under subsection (c)