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Additional Initial Prefinancing Amount from YEI Allocations
Submitted by Karolina on Fri, 22/05/2015 - 10:34
The Regulation (EU) 2015/779 amending Regulation (EU) No 1304/2013, as regards an additional initial prefinancing amount paid to operational programmes supported by the Youth Employment Initiative (YEI) has been published in the Official Journal of the European Union L126 on May 21st 2015. The Regulation allows for the additional initial pre-financing amount of 30% from the specific YEI allocation to be paid throughout 2015.
Member States will have to submit an interim payment application in which the Union contribution from the YEI is equal to at least 50% of the additional initial pre-financing amount by May 23rd 2016, otherwise that Member State will have to reimburse to the Commission the total amount of the additional initial prefinancing paid.
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