Each Senator shall award all of the Senator’s senatorial scholarships on or before September 1 of each year. If any Senator fails to award all of the Senator’s scholarships on or before September 1 of each year, the Commission shall make the remaining awards to applicants from the Senator’s legislative district who: Scored highest on the competitive examination; or Are attending an eligible institution and have completed at least 1 year in good academic standing. The Office shall: Notify each Senator of the applicants to whom it awards the Senator’s scholarships; and Announce publicly the names of all recipients. To the extent a scholarship awarded under § 18–404 of this subtitle is not used by a student, money appropriated to the Commission for that award not used by the end of the fiscal year shall be retained by the Commission for use by the awarding Senator in the Senatorial Scholarship Program during subsequent fiscal years.