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_ 627 Item Details($) Appropriations($) ITEM 470. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 thereof, that is not required to meet a Constitutionally-mandated deposit to the Revenue Stabilization Fund, and prior to calculating the Revenue Reserve Fund and the Water Quality Improvement Fund Part A deposits, shall be reserved by the Comptroller in the Committed Fund Balance for the following purposes in priority order during the first year: 1. $175,000,000 shall be reserved for transfer to Item 438 of this Act to support the I-81 Corridor Improvement Program; and 2. $400,000,000 for matching grants for Water Quality Improvement Fund eligible wastewater projects for Chesapeake Bay nutrient reductions authorized under Code of Virginia §§ 10.1-1186.01.F., 10.1-2131.C., and 62.1- 44.19:14.G.1. To the extent that general fund revenues are available to support the costs for these expenses, the Director, Department of Planning and Budget, shall reduce by an equal amount the bond proceeds for these projects authorized in Item C-53.50 of this act. L.1. From such general fund revenues as are collected for fiscal year 2025 in excess of the First Year Official Revenue Estimate contained in this Act that is not required to meet (i) a Constitutionally-mandated deposit to the Revenue Stabilization Fund, (ii) or the Water Quality Improvement Fund, Part A deposit, an amount up to $175 million less the amount transferred pursuant to subparagraph K.1. of this Item shall be reserved by the Comptroller in the Restricted Fund Balance for transfer to Item 438 of this Act to support the I-81 Corridor Improvement Program. 2. From such general fund revenues as are collected for fiscal year 2026 in excess of the Official Revenue Estimate contained in the 2025 Appropriation Act that is not required to meet (i) a Constitutionally-mandated deposit to the Revenue Stabilization Fund, (ii) or the Water Quality Improvement Fund, Part A deposit, an amount up to $175 million less the amounts transferred pursuant to subparagraphs K.1. And L.1. of this Item shall be reserved by the Comptroller in the Restricted Fund Balance for transfer to the Department of Transportation to support the I-81 Corridor Improvement Program. M. The Director, Department of Planning and Budget, shall transfer from this Item, a general fund amount estimated at $10,105,034 the second year to state agencies and institutions of higher education to support the general fund portion of costs resulting from changes in premiums charged by the Division of Risk Management for property insurance coverage. N. 1) From such general fund revenues as are collected for fiscal year 2025 in excess of the official fiscal year 2025 revenue estimate included in this act, the first $20,000,000, or portion thereof, that is not required to meet a Constitutionally-mandated deposit to the Revenue Stabilization Fund, and prior to calculating the Revenue Reserve Fund and the Water Quality Improvement Fund Part A deposits, shall be reserved by the Comptroller in the Committed Fund Balance for the purposes outlined in Item 130 paragraph J. of this act. 2) Any remaining general fund revenues in excess of the official fiscal year 2025 revenue estimate included in this Act not required to meet the Constitutionally-mandated deposit to the Revenue Stabilization Fund or the Water Quality Improvement Fund Part A deposit, or the reservation set out in paragraph N.1) shall be reserved for action at any Special Session of the General Assembly convened in 2025 or at the 2026 General Assembly Session to address the impacts of any reductions to federal appropriations contained in this act. 3) The State Comptroller shall not exclude the reserved amounts from the maximum deposit amount in subsection C of § 2.2-1831.3. 470.10 From such general fund revenues as are collected for fiscal year 2024 in excess of the official fiscal year 2024 revenue estimate included in the final 2022–2024 biennial appropriation act adopted in the 2024 Special Session I, (i) after the designations in paragraph K of Item 470 of this act are reserved and (ii) after any calculated Revenue Reserve Fund and Water Quality Improvement Fund Part A deposits are made in accordance with Item 470 of this act, $90,000,000, or a portion thereof, shall be reserved by the Comptroller in the Committed Fund Balance for transfer for the purposes of paragraph J of Item 130, relating to offsetting the impact of programs under Title 23.1,