http://www.legislation.gov.uk/uksi/2001/3899/regulation/14/2002-01-01The Rural Development Grants (Local Communities) Regulations 2001Rural developmentEuropean UnionRural communitiesEUROPEAN COMMUNITIES, ENGLANDStatute Law DatabaseExpert Participation2023-03-222002-01-01 These Regulations, which come into force on 1st January 2002 and extend to England only, supplement the Community legislation listed in the Schedule to the Regulations (“the Community legislation”). The Community legislation inter alia provides for assistance to be paid from the Guidance Section of the European Agricultural Guidance and Guarantee Fund (“Community assistance”) towards operations which fall within Community initiatives to promote rural development (“LEADER”) pursuant to Article 20(1)(c) of Council Regulation (EC) No. 1260/1999 (OJ No. L161, 26.6.1999, p. 1). In the case of England, the initiative concerned is the England LEADER+ Programme, approved by the Commission of the European Communities (“the Commission”) by virtue of the Decision referred to in paragraph 7 of the Schedule (“the Commission Decision”). 14 1 If the Secretary of State decides to recover any amount under regulation 11 or 12, she may also recover on demand interest on that amount for the period beginning with the day following that on which the amount was paid and ending on the day on which she recovers it. 2 The rate at which the interest is payable for any day in that period is one percentage point above LIBOR. 3 For the purposes of paragraph (2) “LIBOR” means the sterling three month London interbank offered rate in force on the day in question, and in any proceedings relating to the recovery of such interest a certificate of the Secretary of State stating the LIBOR applicable for any day is conclusive evidence of the rate applicable for that day if the certificate also states that the Bank of England notified the Secretary of State of that rate.