‘beneficiary’ means a body which signs a gran
t contract with the Joint Managing Authority and which assumes full legal and financial responsibility for project implementation vis-à-vis that
authority; it receives the financial contribution from the Joint Managing
Authority and ensures it is managed and, where appropriate, distributed in accordance with the agreements drawn up with its partners; it alone is responsible to the Joint Managing
Authority and it is directly accountable to the
authority for the operational and financial pr
...[+++]ogress of activities;