An individual may apply to an eligible institution of postsecondary education for a scholarship under this subtitle if the individual is an eligible recipient of a scholarship under this subtitle. A scholarship awarded under this subtitle: May be used for the total cost of attendance at any institution of postsecondary education; and May not: Exceed the equivalent annual tuition and mandatory fees of an undergraduate student at the 4–year institution of higher education within the University System of Maryland, other than the University of Maryland Global Campus and the University of Maryland, Baltimore Campus, with the highest annual expenses for a full–time undergraduate; and Be less than the lesser of: $3,000; or The equivalent tuition and mandatory fees of the institution attended by the recipient of the scholarship. Each institution of postsecondary education shall determine eligibility of individuals who apply to the institution for the Program. Subject to the availability of funds, funds for the Program shall be allocated by the Commission to each institution of postsecondary education based on the number of eligible recipients attending each institution. In February and October each year, beginning in 2024, each institution of postsecondary education shall report to the Commission the number of eligible recipients attending the institution. The Commission shall allocate funds for awards to institutions of postsecondary education on verification of eligible recipients attending the institutions. If funds cannot be allocated in the fiscal year in which awards are made, priority shall be given to allocating funds for those awards in the immediately following fiscal year. Each recipient of a scholarship under this subtitle may hold the award for 5 years of full–time study or 8 years of part–time study. To the extent practicable, the Department of Transportation, a local department of transportation, or a contractor that employed fallen transportation workers or surviving transportation workers shall provide to the Commission the names and contact information for the families of the fallen transportation workers or surviving transportation workers after any accident resulting in eligibility for a scholarship under this subtitle.