Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-246-000"

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"en.20111201.35.4-246-000"2
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"The Commission’s proposal states that the Structural Funds may finance expenditure for operations comprising contributions to support repayable assistance. Furthermore, the document clarifies that the assistance repaid to the body providing the assistance in the Member State is kept in a separate account and reused for the same purpose. I think that this proposal clarifies the use of all forms of repayable assistance at project level and offers considerable assistance in using the Structural Funds. In addition, it also stipulates a new obligation on timely spending (within two years of the payment into the fund) and on reporting the financial engineering instruments used. This offers a useful means of monitoring and providing an overall assessment of the performance of these types of support."@en1

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