Bankhead–Jones Act of 1935

The Bankhead–Jones Act was enacted on June 29, 1935 during the Depression, to provide increased federal funding to land grant colleges. Under the law as was last increased in 1972, $8,100,000 per year is divided equally between all states, and another $4,360,000 is divided between the states based upon each state's population. These federal funds are subject to matching by the states.