Financing the election of the President of the Republic of Moldova
(1) Expenses connected with the preparation and holding of the election of the President of the Republic of Moldova shall be borne by the state.
(2) The amount of these expenses shall be established by Parliament within the limits of the provisions of the Law on the state budget for the year when the election of the President of the Republic of Moldova is determined and held. The proposals on the actual amount of expenses shall be determined by the Central Electoral Commission and submitted to the Government. The Government shall examine them and then present them to Parliament for confirmation. Within 45 days of the election the Central Electoral Commission shall submit to Parliament a report on the management of the allotted sum along with the statement of the Court of Accounts.
(3) The method of distribution and spending of funds, as well as of publication of the final expense report, shall be established by the Central Electoral Commission under the conditions provided for by this Law. Public authorities, enterprises, institutions and organizations shall make office space and equipment necessary for the election available for use by the electoral commissions.
(4) State mass media shall publish the materials presented by the electoral commission, electoral programs of the candidates for the President of the Republic of Moldova and other materials free of charge.
(5) Direct or indirect funding and material support in any form of the electoral campaign of the candidates for the position of the President of the Republic of Moldova by foreign countries and international enterprises, institutions, organizations, including banks, is prohibited, as is funding by individuals who are not citizens of the Republic of Moldova.
(6) Direct or indirect financing and material support in any form of the electoral campaign of the candidates for the position of the President of the Republic of Moldova by enterprises, institutions and organizations, including banks, of the Republic of Moldova, as well as by individuals, citizens of the Republic of Moldova, shall be done only after the announcement in local media about these sources and after the candidate for the position of the President of Moldova has filed a copy of the sources with the Central Electoral Commission.
(7) Within 5 days of registration, a candidate/or the position of the President shall open an account at the Bank of Savings which will be specified as "Electoral Account." The candidate shall transfer his own money and funds granted by organizations, local commercial and private enterprises and Moldovan citizens to this account. These funds shall be transferred to the account with the candidate's preliminary consent.
(8) The Bank of Savings will notify the Central Electoral Commission of funds transferred to the candidate's account within 24 hours of the day of the transfer.
(9) In the event that the candidate has transferred undeclared funds from abroad or has used such funds, the Central Electoral Commission shall ask the Supreme Court to suspend the registration of the candidate. The appeal will be examined within 5 days and immediately on election day.
(10) To check the sources of income, the correctness of the record and the spending of funds by candidates, the Central Electoral Commission may turn to the Court of Accounts or the Fiscal Inspector and ask them to review these documents.
