Special Election (Referendum) Accounts.
91.1. The Special election (referendum) account to form an election fund (hereafter referred as election accounts) shall be opened in the relevant bank, defined by the Central Election Commission. This account should be opened at least 24 hours prior to the collection of voters’ signatures, which is necessary for the registration of candidate, and a campaign group on referendum. Candidate, political party, block of political parties and campaign group on referendum can open only one special account.
91.2. The relevant bank should open within 3 days a special election account for candidate, political party, block of political parties, and campaign group on referendum after they submit documents established in accordance with the rule defined by this Code. All funds shall be transferred in manats to special election account.
91.3. All financial transactions of registered candidates, political parties with registered candidates, block of political parties, campaign groups on referendum shall be stopped within 3 days after the voting day.
91.4. The relevant bank with the instruction of the relevant election commission shall stop financial transactions to pay expenses from the specific election accounts of candidates, registered candidates, political party, block of political parties and a campaign group on referendum in the following cases:
· If the necessary documents for registration defined in accordance with the rule in this Code were not submitted to the relevant election commission or the person refused to be registered;
· If the person who wanted to become a candidate withdraws his/her application of consent or candidacy;
· If a political party, block of political parties withdraws its candidate;
· If initiators of establishing of a campaign group on referendum apply to the relevant election commission to withdraw their membership from this group and in this case, if the number of initiators of establishing of a campaign group on referendum is less than the number defined in the Article 63 of this Code; or
· If a decision was made to cancel the registration.
