# 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), Article 128: Pre-financing

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

1. Following the Commission decision approving the cross-border programme, and upon acceptance of the report referred to in Article 116, a single pre-financing amount shall be paid by the Commission to the body designated by the participating countries.
The pre-financing amount shall amount to 50 % of the first three budgetary commitments to the programme.
The pre-financing amount may be paid in two instalments, where necessary with regard to the availability of budgetary commitment.
2. The total amount paid as pre-financing shall be reimbursed to the Commission by the body designated by the participating countries if no payment application under the cross-border programme is sent within twenty-four months of the date on which the Commission pays the first instalment of the pre-financing amount.

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Source: https://www.legislation.gov.uk/eur/2007/718/article/128 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-718/article-128
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.