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Commission Regulation (EC) No 718/2007Show full title
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)
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- Revised 21/11/20150.83 MB
- Revised 26/05/20130.79 MB
- Revised 14/09/20120.79 MB
- Revised 14/12/20110.78 MB
- Revised 30/01/20100.38 MB
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Section 3
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Section 3 U.K. Rules for centralised and joint management
Article 55U.K.Payments
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 56U.K.Closure 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.
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