Protocol concerning the conditions and arrangements for admission of the Republic of Bulgaria and Romania to the European Union - PART FOUR:TEMPORARY PROVISIONS - TITLE III:FINANCIAL PROVISIONS - Article 32


Published: 2005-04-25

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Article 32
1. A Cash-flow and Schengen Facility is hereby created as a temporary instrument to help Bulgaria and Romania between the date of accession and the end of 2009 to finance actions at the new external borders of the Union for the implementation of the Schengen acquis and external border control and to help improve cash-flow in national budgets.
2. For the period 2007-2009, the following amounts (2004 prices) shall be made available to Bulgaria and Romania in the form of lump-sum payments under the temporary Cash-flow and Schengen Facility:
(EUR million, 2004 prices) |
| 2007 | 2008 | 2009 |
Bulgaria | 121,8 | 59,1 | 58,6 |
Romania | 297,2 | 131,8 | 130,8 |
3. At least 50 % of each country allocation under the temporary Cash-flow and Schengen Facility shall be used to support Bulgaria and Romania in their obligation to finance actions at the new external borders of the Union for the implementation of the Schengen acquis and external border control.
4. One twelfth of each annual amount shall be payable to Bulgaria and Romania on the first working day of each month in the corresponding year. The lump-sum payments shall be used within three years from the first payment. Bulgaria and Romania shall submit, no later than six months after expiry of this three-year period, a comprehensive report on the final execution of the lump‐sum payments under the Schengen part of the temporary Cash-flow and Schengen Facility with a statement justifying the expenditure. Any unused or unjustifiably spent funds shall be recovered by the Commission.
5. The Commission may adopt any technical provisions necessary for the operation of the temporary Cash-flow and Schengen Facility.
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