PART ICOMMON PROVISIONS

TITLE IICOMMON RULES FOR IMPLEMENTATION

CHAPTER IVFinancial management

Section 2Rules for decentralised management

Article 54Re-use of Community contribution

1

The resources from the Community contribution cancelled according to Article 49 shall be paid to the Community Budget, including interest thereon.

2

The contribution cancelled or recovered in accordance with Article 50 may not be re-used for the operation or operations that were the subject of the recovery or the adjustment, nor, where the recovery or adjustment is made for a systemic irregularity, for existing operations within the whole or part of the priority axis in which the systemic irregularity occurred.