Regulations for Structural Funds Sample Clauses

Regulations for Structural Funds. The projects under Structural Instruments are implemented by the SOP-T based on a multi-annual scheduling approach with annual budget commitments. The rule N+3/N+2, which is of utmost importance, stipulates that the commitments (or part of them) regarding year “N” for which no valid payment request was made, will be automatically cancelled by the Commission on December 31st of the year “N+3/N+2” and, consequently, they will be “lost” for Romania. This programme also stipulates the rules regarding the eligibility of expenses, where it is specified that VAT and the costs related to land purchase exceeding 10% from the total of eligible expenses are not eligible. Therefore, the preparation of the group of projects will be based on a detailed analysis of the eligible costs both for preparatory activities (e.g. planning and land purchases) and for the actual works. The awarding documents will be developed so that they take into account rule N+3/N+2 wherever possible.
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