Article 75

Payment shall be made on production of proof that the relevant action has been carried out in accordance with the provisions of the basic act or the contract or grant agreement, and shall cover one of the following operations: payment of the entire amount due; payment of the amount due in any of the following ways: pre-financing, which may be divided into a number of payments after the signature of the contract or grant agreement or after notification of the grant decision; one or more interim payments as a counterpart of a partial execution of the action; payment of the balance of the amounts due where the action is completely executed. Pre-financing shall provide a float. It may be split into a number of payments in accordance with sound financial management. An interim payment, which may be repeated, may cover expenditure incurred for the implementation of the decision or agreement or to pay for services, supplies or works completed and/or delivered at interim stages of the contract. It may clear pre-financing in whole or in part, without prejudice to the provisions of the basic act. The closure of the expenditure shall take the form of the payment of the balance which may not be repeated and which clears all preceding expenditure, or a recovery order. A distinction shall be made in the budgetary accounting between the different types of payment referred to in paragraph 1 at the time each payment is made.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-01 · Text as adopted (Official Journal); later amendments are not incorporated in this text.