This is the the critical first step that allowed for the eventual creation of the University of Nebraska. The language in the bill is straightforward. States were granted 30,000 acres of federal land for each congressional representative. From this land,the land was to be sold so that an agricultural college could be formed.
The Federal Government sought to tighten down on the specifics of the federally endowed land. This was a reactive measure to fight against land speculators.
The bureaucratic process of funding in relation to the land endowment is again further detailed.This article particularly highlights the the idea of racial separation, specifically "separate but equal."