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_ 339 Item Details($) Appropriations($) ITEM 261. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 Code of Virginia. 4. Out of the amounts in this paragraph shall be paid $134,045 the second year from the general fund for the relief of Mr. Michael Haas pursuant to § 8.01-195.11 of the Code of Virginia. 5. Out of the amounts in this paragraph shall be paid $2,635,304 the second year from the general fund for the relief of Mr. Gilbert Merritt, III, pursuant to § 8.01-195.11 of the Code of Virginia. 262. Revenue Administration Services (73200) $16,063,613 $16,278,613 $15,607,347 $16,418,648 Unclaimed Property Administration (73207) $8,011,292 $8,226,292 $8,011,292 $8,638,063 Accounting and Trust Services (73213) $2,103,014 $2,103,014 $2,255,137 Check Processing and Bank Reconciliation (73216) $2,579,482 $2,579,482 Administrative Services (73220) $3,369,825 $2,913,559 $2,945,966 Fund Sources: General $5,008,056 $4,551,790 $4,698,289 Special $467,004 $467,004 Trust and Agency $9,989,189 $10,204,189 $9,989,189 $10,653,991 Dedicated Special Revenue $599,364 $599,364 Authority: Title 2.2, Chapter 18 and Title 55.1, Chapter 25, Code of Virginia. A. Included in this Item is a sum sufficient nongeneral fund appropriation for personal services and other operating expenses to process checks issued by the Department of Social Services. The estimated cost, excluding actual postage costs, is $170,000 the first year and $170,000 the second year. B. Included in this Item is a sum sufficient nongeneral fund appropriation for administrative expenses to process the Virginia Employment Commission (VEC) and Virginia Retirement System (VRS) checks. The estimated cost for VEC is $1,500 the first year and $1,500 the second year, and for VRS is $15,000 the first year and $15,000 the second year. C.1. The amounts for Unclaimed Property Administration are for administrative and related support costs of the Uniform Disposition of Unclaimed Property Act, to be paid solely from revenues derived pursuant to the act. 2. The amounts also include a sum sufficient nongeneral fund amount estimated at $2,000,000 the first year and $2,000,000 the second year to pay fees for compliance services and securities portfolio custody services for unclaimed property administration. 3. Notwithstanding § 55.1-2525.C of the Uniform Disposition of Unclaimed Property Act, the State Treasurer is not required to publish any item of less than $250. D. The State Treasurer is authorized to charge institutions of higher education participating in the private college financing program of the Virginia College Building Authority an annual administrative fee of up to 10 basis points of the then outstanding principal amount financed for each project in addition to a share of direct costs of issuance as determined by the State Treasurer. Revenue collected from this administrative fee shall be deposited to a special fund in the Department of the Treasury to compensate the department for direct and indirect staff time and expenses involved with this program. E.1. The State Treasurer is authorized to charge qualified public depositories holding public deposits, as defined in § 2.2-4401, Code of Virginia, an annual administrative fee of not more than one-half of one basis point of their average public deposit balances over a twelve month period. The State Treasurer shall issue guidelines to effect the implementation of this fee. However, the total fees collected from all qualified depositories shall not exceed $200,000 in any one year.