Subject Matter
This Regulation lays down the essential principles on the basis of which the public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 (‘PPP bodies’) shall adopt their own financial rules. The financial rules of the PPP body shall not depart from this Regulation except where its specific needs so require and with the Commission's prior consent in accordance with the fourth subparagraph of Article 71 of Regulation (EU, Euratom) 2018/1046. The PPP body shall publish its financial rules on its website.
Definitions
For the purposes of this Regulation, the following definitions shall apply:
(1)
‘governing board’ means the main internal body of the PPP body that is responsible for taking decisions on financial and budgetary matters, irrespective of the name given to it in the constituent act of the PPP body,
(2)
‘director’ means the person responsible for implementing the decisions of the governing board and the PPP body's budget as authorising officer, irrespective of the title given to him in the constituent act of the PPP body,
(3)
‘member’ means a member of the PPP body in accordance with its constituent act,
(4)
‘constituent act’ means the instrument of Union law governing the main aspects of the creation and operation of the PPP body,
Article 2 of Regulation (EU, Euratom) 2018/1046 shall apply mutatis mutandis .
Scope of the budget
For each financial year, the budget of the PPP body shall forecast and authorize all revenue and expenditure considered necessary for the PPP body. It shall consist of:
(a)
the revenue of the PPP body, comprising:
(i)
its members' financial contribution to the administrative costs;
(ii)
its members' financial contribution to the operational costs;
(iii)
revenue assigned to specific items of expenditure;
(iv)
any revenue generated by the PPP body;
(b)
the expenditure of the PPP body, including administrative expenditure.
