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_ 344 Item Details($) Appropriations($) ITEM 264. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 2022A $38,214,663 $42,806,913 2022B $4,591,955 $0 2023A $41,846,525 $41,847,525 2023B Refunding $17,090,500 $17,090,500 2024A $42,386,087 $42,385,800 Projected 21st Century debt service & expenses $49,113,641 $250,000 $82,501,695 $4,652,563 Subtotal 21st Century $550,740,968 $544,263,414 $579,590,091 $544,126,759 2. Out of the amounts for Debt Service Payments on Virginia College Building Authority Bonds shall be paid to the Virginia College Building Authority the following amounts for the payment of debt service on authorized bond issues to finance equipment: Series FY 2025 FY 2026 2018A $12,862,500 $0 2019A $12,568,750 $12,573,750 2020A $12,062,500 $12,061,500 2021A $12,513,750 $12,514,000 2022A $13,943,500 $13,942,250 2023A $14,400,000 $14,402,750 2024A $14,558,033 $14,554,000 Projected debt service & expenses $15,767,938 $0 $31,534,938 $13,762,292 Subtotal Equipment $94,118,938 $92,909,033 $97,029,188 $93,810,542 Total Service Area $644,859,906 $637,172,447 $676,619,279 $637,937,301 3. Beginning with the FY 2008 allocation of the higher education equipment trust fund, the Treasury Board shall amortize equipment purchases at seven years, which is consistent with the useful life of the equipment. 4. Out of the amounts for Debt Service Payments on Virginia College Building Authority Bonds, the following nongeneral fund amounts from a capital fee charged to out-of-state students at institutions of higher education shall be paid to the Virginia College Building Authority in each year for debt service on bonds issued under the 21st Century Program: Institution FY 2025 FY 2026 George Mason University $2,804,490 $2,804,490 Old Dominion University $1,108,899 $1,108,899 University of Virginia $5,006,754 $5,006,754 Virginia Polytechnic Institute and State University $5,192,295 $5,192,295 Virginia Commonwealth University $2,359,266 $2,359,266 College of William and Mary $1,639,845 $1,639,845 Christopher Newport University $131,508 $131,508 University of Virginia's College at Wise $48,330 $48,330 James Madison University $2,843,787 $2,843,787 Norfolk State University $420,789 $420,789 Longwood University $106,149 $106,149 University of Mary Washington $234,834 $234,834 Radford University $300,486 $300,486 Virginia Military Institute $400,470 $400,470 Virginia State University $773,577 $773,577 Richard Bland College $10,830 $10,830