Article 37 Technical and financial implementation

Each of the two phases as referred to in Article 34 must have achieved full technical and financial implementation in accordance with the requirements of Regulation (EC) No 2152/2003 and of this Regulation not later than two years after the date of notification of the Commission decision.

The competent bodies shall make the request for payment of the balance of the eligible expenditure not later than 27 months after the date of notification of the Commission decision.

The balance for each phase shall be paid after the Commission has received a request for final payment for each phase and has checked the financial statement accompanying this request for payment.