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_ 340 Item Details($) Appropriations($) ITEM 262. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 2. Any regulations or guidelines necessary to implement or change the amount of the fee may be adopted without complying with the Administrative Process Act (§ 2.2-4000 et seq.) provided that input is solicited from qualified public depositories. Such input requires only that notice and an opportunity to submit written comments be given. F. The State Treasurer shall work with universities and community colleges to develop policies and procedures which minimize the use of paper checks when issuing any reimbursements of student loan balances. These efforts should include reimbursement through debit cards, direct deposits, or other electronic means. G. The Virginia Public School Authority shall transfer to the Department of the Treasury each year an amount necessary to recover the direct and indirect cost incurred by the department in the accounting and financial reporting of the Virginia Public School Authority programs. H. The State Treasurer shall transfer funds as set forth in § 10.1-1330(C), Code of Virginia. 263. 1. There is hereby appropriated to the Department of the Treasury a sum sufficient for the transfer to the federal government, in accordance with the provisions of the federal Cash Management Improvement Act of 1990 and related federal regulations, of the interest owed by the state on federal funds advanced to the state for federal assistance programs, where such funds are held by the state from the time they are deposited in the state's bank account until they are paid out to redeem warrants, checks or payments by other means. This sum sufficient appropriation is funded from the interest earned on federal funds deposited and invested by the state. The actual amount for transfer shall be established by the State Comptroller. 2. When permitted by applicable federal laws or administrative regulations, the State Comptroller shall first offset and reduce the amount to be transferred by any and all amounts of interest payments calculated to be received by the state from the federal government, where such payments are due to the state because the state was required to disburse its own funds for federal program purposes prior to the receipt of federal funds. 3. Should the interest payments calculated to be made by the federal government to the state exceed the interest calculated to be transferred from the state to the federal government, reduced by the federally approved direct cost reimbursement to the state, the State Comptroller shall then notify the federal government of the net amount of interest due to the state and shall record such net interest, upon its receipt, as interest revenue earned by the general fund. Total for Department of the Treasury $84,076,244 $85,906,244 $80,819,978 $90,847,523 General Fund Positions 31.70 31.70 32.95 Nongeneral Fund Positions 87.30 87.30 88.05 Position Level 119.00 119.00 121.00 Fund Sources: General $12,806,728 $14,421,728 $8,550,462 $17,801,328 Special $593,369 $593,369 Commonwealth Transportation $185,187 $185,187 Trust and Agency $69,841,596 $70,056,596 $70,841,596 $71,618,275 Dedicated Special Revenue $649,364 $649,364 § 1-87. TREASURY BOARD (155) 264. Bond and Loan Retirement and Redemption (74300) $1,055,120,400 $1,043,008,147 $1,089,441,170 $1,047,160,071 Debt Service Payments on General Obligation Bonds (74301) $41,187,314 $40,958,214 $33,743,986 $33,517,136