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97/868/EC: Commission Decision of 5 December 1997 on the… Article 3

Article 3

The Community contribution to financing the programme is limited to 75 % maximum of expenditure on eligible measures as defined by Commission Decision 93/522/EEC, and is set for 1997 at ECU 650 000 out of total expenditure of ECU 1 066 666 (VAT excluded). The schedule of programme costs and their financing is set out as Annex I to this Decision. In the case when the total eligible expenditure for 1997 presented by Portugal would be less than the forecast amount of ECU 1 066 666, the Community's contribution would be reduced in proportion. The Community reimbursement will be made in accordance with the provisions of the first paragraph of this Article and the financial rate of the ecu on 1 February 1997, i.e. ECU 1 = Esc 195,106.

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Other provisions in 97/868/EC: Commission Decision of 5 December 1997 on the…

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 3 of 97/868/EC: Commission Decision of 5 December 1997 on the… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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