PART ICOMMON PROVISIONS
TITLE IICOMMON RULES FOR IMPLEMENTATION
CHAPTER IVFinancial management
Section 3Rules for centralised and joint management
Article 56Closure of a programme
1
A programme is closed when all the contracts and grants funded by this programme have been closed.
2
After a final payment application has been received, a contract or grant is considered closed as soon as one of the events referred to in Article 47(1) occurs.
3
The closure of a contract or grant does not prejudice the Commission's right to undertake a financial correction at a later stage.