OpenLegislation

Article 5

United Kingdom

Original text. Later amendments are not shown.

Austria shall recover the incompatible aid referred to in Article 2 from its beneficiaries.

The sums to be recovered shall bear interest from the date of their disbursement until their actual recovery.

The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004f1.

Annotations

Footnotes

f1

Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty (OJ L 140, 30.4.2004, p. 1).