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_ 151 Item Details($) Appropriations($) ITEM 115. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 Chairs of the House Committee on Appropriations and Senate Finance and Appropriations Committee. U. Any additional funds transferred to the Authority as a result of actions pursuant to Item 126.10, paragraph S.5 of the Chapter 854, 2019 Acts of Assembly may be used: (1) to enable the establishment of a fund of funds that will permit the Commonwealth to invest in one or more syndicated private investment funds; (2) to enhance direct investment programs by placing additional investments in partnership with Virginia accelerators and university technology commercialization programs; and (3) to enable the establishment of a sustainable program to enhance discovery of, and early investment in, technologies aligned with the Virginia Innovation Index. Decisions to invest in private funds shall be subject to approval by the Board of Directors. Investments in such funds shall be monitored by the Board of Directors. Total for Virginia Innovation Partnership Authority $63,488,565 $132,539,319 $111,536,839 $42,486,085 Fund Sources: General $63,488,565 $132,539,319 $111,536,839 $42,486,085 TOTAL FOR OFFICE OF COMMERCE AND TRADE $777,553,143 $1,046,584,579 $779,247,541 $679,954,265 General Fund Positions 278.72 278.72 279.72 Nongeneral Fund Positions 252.28 252.28 Position Level 531.00 531.00 532.00 Fund Sources: General $499,693,613 $768,725,049 $501,388,011 $402,094,735 Special $113,219,258 $113,219,258 Commonwealth Transportation $1,800,567 $1,800,567 Trust and Agency $775,000 $775,000 Dedicated Special Revenue $1,704,283 $1,704,283 Federal Trust $160,360,422 $160,360,422