(a) There is a program of county scholarships for not more than 200 students at Prince George’s Community College.
(b) The county scholarships shall be awarded by the Community College on the basis of:
(1) Academic merit; and
(2) Financial need.
(c) Each scholarship shall pay for tuition for 1 year.
(d) Each year, the Prince George’s County Executive shall include money for the county scholarships in the county budget.