OpenLegislation

Article 54 Re-use of Community contribution

United Kingdom

Original text. Later amendments are not shown.

1.

The resources from the Community contribution cancelled according to Article 49 shall be paid to the Community Budget, including interest thereon.

2.

The contribution cancelled or recovered in accordance with Article 50 may not be re-used for the operation or operations that were the subject of the recovery or the adjustment, nor, where the recovery or adjustment is made for a systemic irregularity, for existing operations within the whole or part of the priority axis in which the systemic irregularity occurred.