Article 27

Global grants 1. Where implementation or management of part of assistance has been entrusted to intermediaries in accordance with Article 9(i), such intermediaries must provide guarantees of their solvency and proven competence and experience in administrative and financial management. They must normally be established or represented in the region or regions concerned but may, in limited and justified circumstances, be established outside. They must have several years' experience in the relevant field, operate in the public interest and adequately involve the socio-economic interests directly affected by the implementation of the planned measures. 2. The choice of a global grant shall appear in the corresponding decision on the contribution of the Funds as a special implementing provision as defined in Article 18(2)(d) and Article 19(3)(d). The procedures for the use of global grants shall be the subject of an agreement between the Member State or managing authority and the intermediary body concerned. In the case of Community initiative programmes and innovative measures, the procedures for the use of global grants shall be the subject of an agreement between the Commission and the intermediary body concerned. In the case of Community initiative programmes, these procedures must also be agreed with the Member States concerned. The programme complement referred to in Article 18 shall not relate to that part of the assistance bearing on the global grant. 3. The procedures for the use of the global grant shall detail in particular: the measures to be implemented; the criteria for choosing beneficiaries; the conditions and rates of assistance from the Funds, including the use of any interest accruing; the arrangements for monitoring, evaluating and ensuring the financial control of the global grant; where applicable, any use of a bank guarantee, in which case the Commission must be informed. TITLE III CONTRIBUTIONS AND FINANCIAL MANAGEMENT BY THE FUNDS CHAPTER I FINANCIAL CONTRIBUTIONS BY THE FUNDS

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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.