2001/637/EC: Commission Decision of 18 October 2000 on… Article 2

Article 2

The Netherlands shall strictly and on an annual basis monitor the progress of the project and shall ensure that all eligible costs in fact correspond to expenditure incurred for the Cobalt project. The Netherlands shall submit at least five consecutive annual reports to the Commission. These reports shall comprise conclusive and detailed evidence of the exact destination of the aid for expenditure actually incurred and the eligible costs of the Cobalt project and shall include detailed financial statements.