(1) For fiscal year 2025-2026 only, from the general fund/general purpose money appropriated in section 236(1), $50,000,000.00 is allocated for the purpose of sunsetting the state competitive scholarship and state tuition grant programs. The allocation in this section must be distributed in the same manner as funds are distributed for state competitive scholarships under section 251 and state tuition grants under section 252.

    (2) The funds allocated under this section for fiscal year 2025-2026 are a work project appropriation, and any unexpended funds remaining at the end of fiscal year 2025-2026 are carried forward into fiscal year 2026-2027, and any unexpended funds remaining at the end of fiscal year 2026-2027 are carried forward into fiscal year 2027-2028, and any unexpended funds remaining at the end of fiscal year 2027-2028 are carried forward into fiscal year 2028-2029. The purpose of the work project is to support remaining students in the state competitive scholarship program and the state tuition grant program in this state. The estimated completion date of the work project is September 30, 2029.