The Electoral Deposit of the Nominated Candidate for the President of the Republic
1. The candidates nominated for the President of the Republic pay an electoral deposit to the Central Electoral Commission account, opened in the Central Bank of the Republic of Armenia, in the amount of 5,000 times the minimum salary, established by the legislation of the Republic of Armenia. In the event of receiving five per cent and more of the votes cast for the candidates, the sum of the electoral deposit is returned within sixty days after the election results are summarized.
2. In the event of receiving less than five per cent of the votes cast for candidates nominated for the President of the Republic the sum of the electoral deposit of the candidate is transferred to the state budget.
3. In the event of recognizing the election as invalid or not held, the sum of the electoral deposit is returned.
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