# Commission Decision of 19 December 2007 laying down rules for the implementation of Decision No 573/2007/EC of the European Parliament and of the Council establishing the European Refugee Fund for the period 2008 to 2013 as part of the General programme ‘Solidarity and Management of Migration Flows’ as regards Member States’ management and control systems, the rules for administrative and financial management and the eligibility of expenditure on projects co-financed by the Fund (notified under document number C(2007) 6396) (Only the Bulgarian, Czech, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish and Swedish texts are authentic) (2008/22/EC), Article 12: Determination of the final Community contribution

Extent: E+W+S+N.I.

For calculation of the final payment to the final beneficiary, the total Community contribution to each project shall be the lowest of the following three amounts:
(a) the maximum amount stated in the grant agreement;
(b) the maximum co-financing resulting from multiplication of the total eligible costs of the project concerned by the percentage laid down in Article 14(4) and Article 21(3) of the basic act (i.e. 50 %, 75 % or 80 %); and
(c) the amount resulting from application of the principle of non-profit, as defined in point I.3.3 of Annex 11.

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Source: https://www.legislation.gov.uk/eudn/2008/22/article/12 (the official version)
Page: https://openlegislation.uk/eu-decision-2008-22/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.