Who retains ownership of pre-financing until obligations are met?

The Commission retains ownership of pre-financing until obligations are met because it serves as a financial oversight and investment entity in various projects, particularly in the context of public funding or grants. This is designed to ensure that the funds are used appropriately and that all stipulated conditions or deliverables are satisfied before the ownership of funds is transferred to the parties involved, such as beneficiaries or contractors.

This ensures accountability and minimizes the risk of misappropriation of funds, ensuring that public resources are effectively managed. Once all obligations tied to the pre-financing agreement are fulfilled, ownership can then be transferred to the appropriate party, such as the beneficiary or the contractor. This process is crucial in project management as it safeguards the interests of the funding body and helps to maintain the integrity of financial transactions within funded projects.