25

Failure to approve the financial report by the Commission of control, as well as failure to submit or delayed submission of this report shall involve:
1° loss of the subsidy to be granted to the institution specified at article 22 (during the subsequent period set forth by the Commission of control that shall not be inferior to one month, nor superior to four months) according to chapter III of this law;
2° (...)
(The qualified approval specified at article 24 involves preventive suspension of one twelfth of the annual subsidy.)
(amending references:
- L 1993-06-18/34, art. 12 et 14
- L 1998-11-19/42, art. 12, Effective with: 11-12-1998)