Legal provisions of COM(2000)774-1 - Amendment of Regulation (EC) No 1260/1999 laying down general provisions on the Structural Funds

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dossier COM(2000)774-1 - Amendment of Regulation (EC) No 1260/1999 laying down general provisions on the Structural Funds.
document COM(2000)774 EN
date June 28, 2001


Contents

Article 1

Regulation (EC) No 1260/1999 is hereby amended as follows:

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 enter into force on the third day following that of its publication in the Official Journal of the European Communities.

This Regulation shall apply as from 1 January 2000.


This Regulation shall be binding in its entirety and directly applicable in all Member States.