Legal provisions of COM(2021)625 - Approval of the assessment of the recovery and resilience plan for Estonia - Main contents
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dossier | COM(2021)625 - Approval of the assessment of the recovery and resilience plan for Estonia. |
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document | COM(2021)625 |
date | October 5, 2021 |
Contents
Article 1 - Approval of the assessment of the RRP
Article 2 - Financial contribution
2. The Union financial contribution shall be made available by the Commission to Estonia in instalments in accordance with the Annex to this Decision. An amount of EUR 126 008 898 shall be made available as a pre-financing payment, equal to 13% of the financial contribution. The pre-financing and instalments may be disbursed by the Commission in one or several tranches. The size of the tranches shall be subject to the availability of funding.
3. The pre-financing shall be released subject to the entry into force of, and in accordance with the financing agreement. Pre-financing shall be cleared by being proportionally deducted against the payment of the instalments.
4. The release of instalments in accordance with the financing agreement shall be conditional on available funding and a decision by the Commission, taken in accordance with Article 24 of Regulation (EU) 2021/241, that Estonia has satisfactorily fulfilled the relevant milestones and targets identified in relation to the implementation of the RRP. In order to be eligible for payment, Estonia shall complete the milestones and targets no later than 31 August 2026, subject to the entry into force of the legal commitments referred to in paragraph 1.