PART ICOMMON PROVISIONS
TITLE IICOMMON RULES FOR IMPLEMENTATION
CHAPTER IVFinancial management
Section 3Rules for centralised and joint management
Article 55Payments
1
Payment of the Community contribution by the Commission shall be made within the limits of the funds available.
2
In accordance with Article 81 of Regulation (EC, Euratom) No 1605/2002, payments shall be made on production of proof that the relevant operation is in accordance with the provisions of the IPA Regulation, this Regulation, the contract or the grant.
3
The appropriations needed to cover expenditure as indicated in the annual programmes shall be made available through one or more of the following actions: payment of the entire amount due; pre-financing; one or more interim payments; and payment of the balance of the amounts due.
4
Payments by the Commission shall be made whenever possible in euro to a euro account.
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.