ERDF definition
Examples of ERDF in a sentence
The MA will recover the unduly paid ERDF contribution in proportion to the period for which the requirements have not been fulfilled.
In case a reimbursement of ERDF is due – based on the provisions of the subsidy contract – the MA will deduct the respective amount from the ERDF requested by the project in the next available project report.
In the circumstance that any of the PPs is in the situation of undertaking in difficulty, within the meaning of point (18) of Article 2 of Regulation (EU) No 651/2014 as well as in compliance with Article 7 (1) (d) of Regulation (EU) 2021/1058 (hereinafter referred to as the ERDF Regulation), the concerned PP is to immediately inform the LP that shall in turn immediately inform the MA/JS.
Should the programme face a budget reduction due to the decommitment rule and should the ERDF funds allocated to the project be reduced as a consequence, the project participants herewith agree that the budget reduction shall be imputed to the project participants that have contributed to the underspending by not reporting according to the time schedule of the project as stated in the approved AF, unless a different decision is taken by the PSG by consensus.
Unless the MA requests otherwise, any notice or publication made by the project including presentations at conferences or seminars, shall point out that the present project was implemented through financial assistance from ERDF funds of the Interreg CENTRAL EUROPE Programme, as required by ▇▇▇▇▇ ▇▇ of Regulation (EU) 2021/1060 (hereinafter referred to as CPR).
The excluded PP is obliged to prove that any ERDF funds received for the project were used for activities and investments carried out for the benefit of the project and that such activities and investments can be used for the further implementation of the project.
All project expenditure to be ERDF co-financed must be verified by the responsible public or private institution, following the rules set out in the relevant national control system.
This reduction will be applied to the LP or partners that have caused the request for ERDF repayment.
If it is not possible to recover the due amount of ERDF by deducting it from the next available project report, the LP will be asked to ensure the reimbursement of the funds to the MA without delay.
In case no project participant can be held responsible for the request for ERDF repayment or deduction, the amount requested shall be reimbursed to the MA by the LP and then apportioned between all project participants proportionally to the share of their budget (meaning the amount of ERDF they have been granted according to the approved AF).