# Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 10th European Development Fund, Article 59: Revenue from interest on resources of the Eighth, Ninth and Tenth EDFs

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

The balance of revenue accruing from interest on the resources of the Eighth, Ninth and Tenth EDFs shall be transferred to the EDF and allocated for the same purposes as the revenue provided for in Article 1(6) of the 10th EDF Internal Agreement. The same shall apply to miscellaneous revenue of the Eighth, Ninth and Tenth EDFs comprising, for example, default interest received in the event of late payment of contributions to those EDFs by Member States. The interest generated by the EDF resources managed by the EIB shall supplement the Investment Facility.

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Source: https://www.legislation.gov.uk/eur/2008/215/article/59 (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-215/article-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.