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Meeting of 9 and 10 April 20031 Financial rules of the Structural and Cohesion Funds DG Regio - Ispa nkb Financial Management : the n+2 rule Organised.

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Presentation on theme: "Meeting of 9 and 10 April 20031 Financial rules of the Structural and Cohesion Funds DG Regio - Ispa nkb Financial Management : the n+2 rule Organised."— Presentation transcript:

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2 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa nkb Financial Management : the n+2 rule Organised by DG REGIONAL POLICY Michael Hill Regio.G1

3 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Financial Plans of SF programming documents: Commitments in the EC Budget covering 2004, 2005 and Total annual amounts fixed at the Copenhagen European Council Figures in current prices still to be communicated by the Commission

4 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Financial Plans of SF programming documents: Payments on the ground from date of eligibility until end Date of eligibility can be 1 January 2004 Reimbursements are the general rule

5 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Financial Plans: Reimbursements % advance 10 % advance paid after signature of decision in 2004 Remaining 6% of advance in 2005 on 2004 commitment 6 % advance Reimbursements All payments made from oldest commitment Final payment Reimbursements

6 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Financial Plans: % advance 6 % advance Reimbursements Payments until 2007 Payments until 2008 N + 2 Final 5% Automatic decommitment of any part not paid out after n+2 Final 5% of total assistance held until closure Reimbursements

7 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Exceptions to the n+2 rule Subsequent Decision by the Commission during the lifetime of an OP/SPD: (article 32§2.2): state aids; major projects Operations subject to a judicial procedure (article 32§2.3)

8 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Article 32 (Structural Funds Regulation 1260/99) All or part of a payment on account … shall be repaid to the Commission … if no payment application is sent to the Commission within 18 months of the decision …

9 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Article C § 5 of the Annex of the Cohesion Fund Regulation: m+24 rule Except in duly justified cases, the assistance granted to a project, group of projects or project stage on which work has not begun within 2 years from the date of its expected start as indicated in the decision granting assistance or the date of its approval if later, shall be cancelled.

10 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa Summary - the crucial role of the managing authorities Programming of the SF and the CF according to the different rules: n+2 / m+24 Start preparing measures and projects now Eligibility from 01/01/2004 (if EC rules followed) IT systems Programme complement = keep the structure simple Programme complement = flexibility between measures Co-financing : reimbursement is the rule > the need to find the financial means to pay the bills

11 Meeting of 9 and 10 April Financial rules of the Structural and Cohesion Funds DG Regio - Ispa The End Questions


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