Commission Regulation (EC) No 718/2007 of 12 June 2007 implementing Council Regulation (EC) No 1085/2006 establishing an instrument for pre-accession assistance (IPA) (c. 718)

PART II U.K. SPECIFIC PROVISIONS

TITLE II U.K. CROSS–BORDER COOPERATION COMPONENT

CHAPTER III U.K. Implementation

Section 2 U.K. Cross-border programmes between beneficiary countries and Member States

Sub-section 4 U.K. Financial management

Article 123 U.K. Common rules for calculating interim payments and payments of the final balance

Interim payments and payments of the final balance shall be calculated by applying the co-financing rate for each priority axis to the eligible expenditure mentioned under that priority axis in each statement of expenditure certified by the certifying authority.

However, the Community contribution through the interim payments and payments of the final balance shall not be greater than the public contribution and the maximum amount of assistance from the Community funds for each priority axis as laid down in the decision of the Commission approving the cross-border programme.