Submission of electoral accounts

1. Between one-hundred and one-hundred and twenty-five days after the election, parties, federations, coalitions or groupings who meet the necessary conditions to obtain State subsidies, or who have requested advance payments on said subsidies, shall lay before the Auditing Court a detailed and duly documented account of their election income and expenses.

2. Submission shall be effected by the manager-general of parties, federations or coalitions who have nominated candidates in several provinces and by the manager of each candidate or list of candidates in all other cases.

 3. Financial institutions of any description having granted loans to parties or associations mentioned in subsection 1 above, shall send to the Auditing Court a notice with full particulars of said loans, within the time limits prescribed in said subsection. 

4. Within thirty days after submission to the Auditing Court of said accounts, the State shall, as an advance payment pending completion of the Auditing Court’s task, pay election managers 90 per 100 of the subsidies to which they are entitled under the criteria laid down in this Act, according to overall results of the election as published in the Official Gazette, after deduction, where applicable, of the advance payment referred to in subs. 1 of Section 127 bis of this Act. On this occasion parties, coalitions, federations and groupings of electors must produce as a condition for receipt of said advance a bank guarantee of 10 per 100 of the subsidy so granted, as well as, if so requested by the Electoral Administration, a certificate delivered by the competent body that candidates elected for the different political formations have actually become members of the Congress of Deputies, senators, members of European Parliament or members of a local
authority’s assembly and entered the exercise of the functions for which they have been so elected and whose election has given or is giving a right to perceive the subsidies contemplated in this Act.

No such advance payment shall be made where the relevant political formation includes persons falling within the description of paragraph b) of Sect. 6, sub. 2, of this Act. 

5. Companies who have invoiced to parties and federations referred to in subs. 1 for election expenses exceeding 10,000 Euros must report to the Auditing Court in the same manner. 

6. The State’s Central Administration shall pay the amount of said subsidies to the election managers of the formations entitled thereto, unless managers have requested the Central Electoral Commission to pay the relevant sum wholly or partly to the financial institutions indicated, as the case may be, by the managers as a reimbursement of advances or loans made previously by those institutions. The State Administration shall make the relevant payment in conformity with the manager’s notification unless said advances or loans have been granted to political formations falling within subss. 2, 3 and 4 of Section 127 of this Act. No such notification can be revoked without the consent of the financial institution concerned.

 4 AS AMENDED BY SECT. 36 OF INSTITUTIONAL ACT 2/2011, OF JANUARY 28
 5 RENUMBERED BY SECT.52 OF INSTITUTIONAL ACT 8/1991. FORMERLY 4; AND AMENDED BY
SECT. 37 OF INSTITUTIONAL ACT 2/2011.
 6 AS AMENDED BY SECT. 5 OF INSTITUTIONAL ACT 1/2003, OF MARCH 10