1. Expenses for organization and conduct of elections, including the compilation of the voter lists, as well as the required expenses for the activities of electoral commissions are covered by the state budget. Relevant expenses are envisaged by separate budget line of the state budget.
2. The funds envisaged for elections are allocated to the Central Electoral Commission within five days after the elections are assigned.
3. In the case of conducting extraordinary elections are needed funds from the reserve fund of the state budget, if it is not possible, then they are funded from the reserve of the Central Bank, on the condition that it will afterwards be reimbursed from the state budget.
If the budgetary funds are not allocated to the Central Electoral Commission in time, or there are no funds available in the reserve of the Armenian Central Bank, or the allocated means have not been sufficient, for funding the extraordinary elections or the second round of the elections, then the Central Electoral Commission has the right to receive a loan from private banks on competitive basis, on the condition, that the loan will be paid off by the Government within 3 months time.
4. Financial means of the commissions are provided in conformity with procedures established by the Government of the RA, based on budget estimates provided by the Central Electoral Commission. Chairpersons of Electoral commissions manage the financial means and are responsible for using those means in accordance with procedures established by the Central Electoral Commission.
