Section 15E of chapter 15A of the General Laws, as appearing in the official acts of 2014, is amended by removing the following words in the second paragraph “subject to appropriation” and inserting the following after the last paragraph:

"Not less than $20,000,000 shall be expended for the purposes of continuing the implementation of section 15E of chapter 15A of the General Laws to encourage private fundraising by the commonwealth’s public institutions of higher education for the endowment and capital outlay programs of those institutions; provided further, that the board of higher education shall implement this program in a manner which ensures that each institution shall have an opportunity to secure matching funds from this item; provided further, that $10,000,000 shall be allocated to the university of Massachusetts; provided further, that $5,000,000 shall be allocated to state universities; provided further, that $5,000,000 shall be allocated to community colleges; provided further, that if any funds allocated herein for disbursement to community colleges shall be unused, the remaining funds shall be made available to the state universities; provided further, that if any funds allocated herein for disbursement to state universities shall be unused, the remaining funds shall be made available to the university of Massachusetts; provided further, that, to the extent possible, the state universities, community colleges, and the university of Massachusetts shall utilize the funds to increase the number of scholarship opportunities for students;"