1. Citizens nominated as presidential candidates shall pay an electoral deposit to the Central Electoral Commission’s account in the Central Bank of the Republic of Armenia, in the amount of 8,000 times the minimum wage established by the legislation of the Republic of Armenia (henceforth, the minimum wage). If, as a result of election, the number of ballots cast for the candidate is 5 or more percent of the total number of valid ballots, then the electoral deposit shall be returned to that candidate or to the preelection fund, if the deposit was paid from the pre-election fund, within 60 days after the election results are summarized.
11. If the citizen nominated as a presidential candidate submits a request to withdraw his/her candidature prior to the registration [of his/her candidature], the electoral deposit shall be returned to the citizen; in the event when such deposit was made from the election fund, it shall be transferred to the election fund of the citizen.
2. If the number of ballots cast for a presidential candidate is less than 5 percent of the total number of valid ballots, then the candidate’s electoral deposit shall be transferred to the state budget.
3. The electoral deposit shall be returned, if elections are declared invalid or failed.
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