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_ 604 Item Details($) Appropriations($) ITEM 451. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 to notify the Chair of the Major Employer and Investment Commission by letter of the sale, which shall include the name of the buyer and the sale price. 3. No more than 30 days from completion of the dredging project, the Virginia Port Authority shall submit a report to the Secretary of Finance, Secretary of Transportation, and to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees outlining total project costs and total funding paid by all sources. H. Out of the amounts in this item, $325,000 the first year from nongeneral funds is authorized to fund the non-federal sponsorship share of not more than twelve National Oceanic and Atmospheric Administration (NOAA) Physical Oceanographic Real-Time System (PORTS) stations in the southern Chesapeake Bay. 452. Administrative and Support Services (69900) $155,556,620 $161,556,620 $184,556,620 General Management and Direction (69901) $134,356,655 $140,356,655 $163,356,655 Security Services (69923) $21,199,965 $21,199,965 Fund Sources: Special $145,256,620 $151,256,620 $174,256,620 Commonwealth Transportation $1,300,000 $1,300,000 Federal Trust $9,000,000 $9,000,000 Authority: Title 62.1, Chapter 10, Code of Virginia. A. Out of the amounts in this Item, the Executive Director is authorized to expend from special funds amounts not to exceed $37,500 the first year and $37,500 the second year, for entertainment expenses commonly borne by businesses. Further, such expenses shall be recorded separately by the agency. B. Prior to purchasing airline and hotel accommodations related to overseas travel, the Virginia Port Authority shall provide an itemized list of projected costs for review by the Secretary of Transportation. C. It is hereby acknowledged that, in accordance with Item C-40.10 of Chapter 665, 2015 Virginia Acts of Assembly, on November 17, 2016, the Port Authority converted its 20 year operating lease to operate a privately owned marine terminal in Portsmouth to a 49 year capital lease terminating December 31, 2065.Furthermore, in accordance with Item C-39.10, the capital lease will be amended to ensure operational and investment control, and set the fixed price option at the end of the lease term in 2065. Included in this Item is an amount estimated at $104,000,000 the first year and $110,000,000 $133,000,000 the second year from special funds to cover the costs of this lease. Total for Virginia Port Authority $289,916,286 $291,241,286 $289,166,286 $608,166,286 Nongeneral Fund Positions 260.00 260.00 Position Level 260.00 260.00 Fund Sources: General $8,250,000 $9,250,000 $1,500,000 Special $195,979,978 $196,304,978 $201,979,978 $524,979,978 Commonwealth Transportation $63,686,308 $63,686,308 Dedicated Special Revenue $8,000,000 $8,000,000 $4,000,000 Federal Trust $14,000,000 $14,000,000 TOTAL FOR OFFICE OF TRANSPORTATION $11,214,779,158 $11,780,043,563 $10,812,302,236 $11,025,763,428 Nongeneral Fund Positions 10,591.00 10,591.00 Position Level 10,591.00 10,591.00 Fund Sources: General $215,480,246 $468,630,246 $110,030,246 $25,530,246