; and (B) any student who is enrolled or has been accepted for enrollment at a Hispanic-serving institution or an emerging Hispanic-serving institution. (6) Emerging Hispanic-serving institution The term emerging Hispanic-serving institution means an institution of higher education that— (A) is an eligible institution, as defined in section 502; and (B) has an enrollment of undergraduate full-time equivalent students that is at least 15 percent but less than 25 percent Hispanic students at the end of the award year immediately preceding the date of the application for a grant under this part. (7) Local educational agency with high enrollments of hispanic or latino students The term local educational agency with high enrollments of Hispanic or Latino students means a local educational agency— (A) in which at least 25 percent of the students served by the local educational agency are Hispanic or Latino students, as determined by the enrollment data of the local educational agency no later than the date by which student membership data is collected annually by State educational agencies for submission to the National Center for Education Statistics under section 153 of the Education Sciences Reform Act of 2002 ( 20 U.S.C. 9543 ); and (B) in which at least 50 percent of the students served by the local educational agency meet a measure of poverty described in section 1113(a)(5) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6313(a)(5) ). . 4. Authorization of appropriations Section 528(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1103g(a) ) is amended by adding at the end the following new paragraph: (3) Part D There are authorized to be appropriated to carry out part D $150,000,000 for fiscal year 2024 and such sums as may be necessary for each of the 5 succeeding fiscal years. .