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The European Fisheries Fund (Grants) (Scotland) Regulations 2007
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- Scottish Statutory Instruments
- 2007 No. 307
- Regulation 15
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15.—(1) Where the Scottish Ministers intend to recover on demand financial assistance in whole or in part in accordance with regulation 14, they may, in addition, recover interest on that amount at a rate of 1 per cent above LIBOR calculated on a daily basis for the period from–
(a)in any case to which regulation 14(4) applies, the date when the event in question occurred until the date of recovery; or
(b)in any other case, the date of payment of the financial assistance until the date of recovery.
(2) In any proceedings for recovery under these Regulations, a certificate issued by the Scottish Ministers showing the rate or rates of interest, the amount of such interest recoverable and the period for which interest is calculated shall, unless the contrary is shown, be conclusive of those matters.
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