Legal provisions of COM(2000)774-1 - Amendment of Regulation (EC) No 1260/1999 laying down general provisions on the Structural Funds - Main contents
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dossier | COM(2000)774-1 - Amendment of Regulation (EC) No 1260/1999 laying down general provisions on the Structural Funds. |
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document | COM(2000)774 ![]() |
date | June 28, 2001 |
Article 1
1. Article 29(3)(a) shall be amended as follows: "(a) a maximum of 75 % of the total eligible cost and, as a general rule, at least 50 % of eligible public expenditure in the case of measures carried out in the regions covered by Objective 1. Where the regions are located in a Member State covered by the Cohesion Fund, the Community contribution may rise, in exceptional and duly justified cases, to a maximum of 80 % of the total eligible cost and to a maximum of 85 % of the total eligible cost for the outlying Greek islands which are under a handicap due to their distant location. The Community contribution for all the outermost regions may rise, in exceptional and duly justified cases, to a maximum of 85 % of the total eligible cost;"
2. The following point shall be added to the second subparagraph of Article 29(4)(b): "(ii) 50 % of the total eligible cost in the outermost regions and, exceptionally, also in the smaller Aegean islands in the case of investments in accordance with Regulation (EC) No 1257/1999, in the case of investments in small and medium-sized firms;"
Points (ii) and (iii) shall become (iii) and (iv) respectively.
Article 2
This Regulation shall apply as from 1 January 2000.
This Regulation shall be binding in its entirety and directly applicable in all Member States.