4.

The Member States shall ensure that an operation retains the contribution from the Funds only if that operation does not, within five years of the date of the decision of the competent national authorities or the managing authority on the contribution of the Funds, undergo a substantial modification: affecting its nature or its implementation conditions or giving to a firm or a public body an undue advantage; and resulting either from a change in the nature of ownership in an item of infrastructure or a cessation or change of location in a productive activity. The Member States shall inform the Commission of any such modification. Where such a modification occurs, Article 39 shall apply. CHAPTER II FINANCIAL MANAGEMENT

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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.