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Article 12

Article 12

1.The Commission shall be responsible for appraising, deciding upon and administering the operations covered by this Regulation in accordance with the budgetary and other procedures in force, in particular those laid down in the Financial Regulation.

2.Decisions concerning operations for which financing under this Regulation exceeds EUR 3 million and any changes to these operations that entail a cost overrun of more than 20 % of the amount initially fixed for the operation concerned shall be adopted in accordance with the procedure referred to in Article 13(2).

3.For decisions and changes to these operations amounting to EUR 3 million or less, the Commission shall inform the Member States.

Official text · consolidated version 28/12/2005 (in force) Open full page ↗
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