PART ICOMMON PROVISIONS
TITLE IICOMMON RULES FOR IMPLEMENTATION
CHAPTER IVFinancial management
Section 2Rules for decentralised management
Article 47Closure of a programme
1
After an application for final payment has been received by the Commission, a programme is considered closed as soon as one of the following occurs:
payment of the final balance due by the Commission,
issuance of a recovery order by the Commission,
F1de-commitment of the final balance of the budgetary commitment by the Commission.
2
The closure of a programme does not prejudice the Commission's right to undertake a financial correction at a later stage.
3
The closure of a programme does not affect the obligations of the beneficiary country to continue to retain related documents, in accordance with Article 48.