Commission Regulation (EC) No. 1386/2002 of 29 July 2002 laying down detailed rules for the implementation of Council Regulation (EC) No. 1164/94 as regards the management and control systems for assistance granted from the Cohesion Fund and the procedure for making financial corrections

Summary:

Article 12 of Regulation (EC) No 1164/94 requires Member States to take a number of measures to ensure that the Cohesion Fund is used efficiently and correctly and in accordance with the principle of sound financial management. For this purpose, it is necessary for Member States to provide adequate guidance regarding the organisation of the relevant functions of the bodies responsible for the implementation of projects, for certifying expenditure and for the general management and coordination of Cohesion Fund operations in the Member State concerned.

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