Article 94

The financing decision shall set out the essential elements of an action involving expenditure from the budget. The financing decision shall in particular set out the following: for grants: the reference to the basic act and the budgetary line; the priorities of the year, the objectives to be fulfilled and the foreseen results with the appropriations authorised for the financial year; the essential eligibility, selection and award criteria to be used to select the proposals; the maximum possible rate of co-financing and if different rates are envisaged the criteria to be followed for each rate; the timetable and the indicative amount of the calls for proposals; for procurement: the global budgetary envelope reserved for the procurements during the year; the indicative number and type of contracts envisaged and if possible their subject in generic terms; the indicative time-frame for launching the procurement procedures; for trust funds referred to in Article 187 of the Financial Regulation: the reference to the basic act and the budgetary line; the appropriations reserved to the trust fund for the year together with the amounts planned over its duration; the objectives of the trust fund and its duration; the rules of governance of the trust fund; the possibility to entrust budget implementation tasks to the entities and persons referred to in Article 187(2) of the Financial Regulation; for prizes: the reference to the basic act and the budgetary line; the objectives to be fulfilled and the foreseen results; the essential conditions for participation and award criteria; the timetable of the contest and the amount of the prize or prizes; for financial instruments: the reference to the basic act and the budgetary line; the objectives to be fulfilled and the foreseen results; the amount allocated to the financial instrument; the indicative implementation timetable. Where the work programme referred to in Article 128 of the Financial Regulation contains the information set out in point (a) of paragraph 2 of this Article for the grants financed from appropriations authorised for the financial year, the decision adopting it shall be considered to be the financing decision for those grants. As regards procurement, trust funds, prizes and financial instruments, where the implementation of the corresponding appropriations authorised for the financial year is provided for by a work programme containing the information referred to in points (b), (c), (d) and (e) of paragraph 2 of this Article, the decision adopting this work programme shall also be considered to be the financing decision for the procurement, trust funds, prizes and financial instruments involved. If the work programme does not contain such information for one or more actions, it must be modified accordingly or a specific financing decision must be adopted for the actions concerned. Without prejudice to any specific provision of a basic act, any substantial change in a financing decision already adopted shall follow the same procedure as the initial decision.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.