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Article 79
 

 The Pre-Election Fund of the Candidate for the President of the Republic

1. For the implementation of the pre-election campaign the candidate for the President of the Republic can set up a pre-election fund on his own name or on the name of his plenipotentiary representative in the Central Bank of the Republic of Armenia, which is formed from voluntary contributions set forth in Article 25 of this Code.

2. The amount of the personal contributions of the candidate to the pre-election fund shall not exceed the minimum salary for 10,000 times.

3. The amount of the contributions by the party to the pre-election fund, which has nominated the candidate, shall not exceed the minimum salary for 30,000 times.

4. The amount of expenditures by the candidates from their pre-election funds shall not exceed the minimum salary for 60,000 times.

5. Each physical person can pay voluntary contributions in the amount of up to 200 times the minimum salary, and each legal person – up to 500 times the minimum salary.

6. In the event of being elected as the President of the Republic, as well as in the event of getting more than 5 percent of votes cast for the candidate, the sum of the electoral deposit is paid back; after the election, within one month of the official publication of the election results, the means left in the pre-election fund are used for charitable purposes. After the expiration of one month the means left in the pre-election fund of the candidate are transferred to the state budget.

7. In the event of receiving less than 5 percent of the votes cast for the candidate, the means left in the election fund of the candidate for the President of the Republic and the electoral deposit are transferred to the state budget.

8. In the event of recognizing the elections as not held, the sum left in the pre-election fund after the elections is frozen until the registration of candidates for the new elections. The candidate registered for a repeated voting can use the means left in the fund from the previous election.

9. The candidates registered to run for President of the Republic have the right to use only the means of their pre-election fund for the pre-election campaign.

10. If a candidate has used means other than those of the pre-election fund for the pre-election campaign, the Central Electoral Commission has the right to apply to the Court, requesting to declare the registration of the candidate out of force. The court takes a decision within five days and in the period of five days prior to the elections – immediately. In the event of recognizing the candidate’s registration as out of force by the resolution of the court, the candidate’s name is removed from the ballots, in the procedure established by the Central Electoral Commission.

(Amend. of March 23, 1999 LA-286; July 31, 2002;, LA-406-P)