1. A candidate shall establish his own electoral fund.
2. Electoral funds of candidates may be formed exclusively out of the sources as follows:
1) candidate’s own funds not exceeding 10 percent of the maximum limit on all the expenses out of the candidate’s electoral fund as established in accordance with this Federal Law, or 15 percent for the candidates taking part in the repeat voting;
2) the funds provide to the candidate by the political party that nominated him, not exceeding 50 percent of the maximum limit on all the expenses out of the candidate’s electoral fund as established in accordance with this Federal Law;
(as amended by Federal Law No. 93-FZ of July 21, 2005)
3) voluntary donations of persons and legal entities, not exceeding 1.5 percent and 7 percent, respectively, of the maximum limit on all the expenses out of the candidate’s electoral fund as established in accordance with this Federal Law, per citizen or legal entity.
3. The maximum limit of a candidate’s total expenses out of his electoral fund shall not exceed 400 million rubles.
(as amended by Federal Law No. 93-FZ of July 21, 2005)
4. The maximum limit of all expenses of the candidate taking part in the repeat voting shall not exceed 500 million rubles.
(as amended by Federal Law No. 93-FZ of July 21, 2005)
5. The clause has lost effect. — Federal Law No. 93-FZ of July 21, 2005.
6. No donations in favor of electoral funds of candidates shall be permitted to be made by:
1) foreign countries and foreign organizations;
(as amended by Federal Law No. 93-FZ of July 21, 2005)
2) foreign nationals;
3) stateless persons;
4) citizens of the Russian Federation under 18 as at the voting date;
5) the Russian legal entities with a foreign interest if the foreign share (contribution) in their authorized (share) capital is over 30 percent as at the date when the decision to call the election of the President of the Russian Federation was officially published (for open joint-stock companies — as at the date when the list of the persons entitled to take part in the annual general meeting of shareholders upon the results of the previous fiscal year is compiled);
(as amended by Federal Laws No. 93-FZ of July 21, 2005 and No. 274-FZ of December 30, 2006)
6) international organizations and international public associations;
7) government bodies, government agencies and local authorities;
(as amended by Federal Law No. 93-FZ of July 21, 2005)
8) state and municipal institutions, state and municipal unitary enterprises;
(subclause 8 as amended by Federal Law No. 93-FZ of July 21, 2005)
9) legal entities with an over 30 percent share (contribution) of the Russian Federation, Constituents of the Russian Federation and/or municipal establishments in their authorized (share) capital as at the date when the decision to call the election of the President of the Russian Federation was officially published (for open joint-stock companies — as at the date when the list of the persons entitled to take part in the annual general meeting of shareholders upon the results of the previous fiscal year is compiled);
(as amended by Federal Laws No. 93-FZ of July 21, 2005 and No. 274-FZ of December 30, 2006)
10) organizations established by government bodies and/or local authorities (except for the joint-stock companies established by privatization), organizations established by the legal entities as specified in Subclauses 5 and 9 of this Clause as well as the organizations with an over 30 percent share (contribution) of the legal entities as specified in Subclauses 5 and 9 of this Clause in their authorized (share) capital as at the date when the decision to call the election of the President of the Russian Federation was officially published (for open joint-stock companies — as at the date when the list of the persons entitled to take part in the annual general meeting of shareholders upon the results of the previous fiscal year is compiled);
(as amended by Federal Laws No. 93-FZ of July 21, 2005 and No. 274-FZ of December 30, 2006)
11) military units, military establishments and organizations, law enforcement bodies;
12) charity and religious organizations or organizations founded by them;
(as amended by Federal Law No. 93-FZ of July 21, 2005)
13) anonymous donors. Anonymous donor shall mean any person who failed to specify any of the following data in the payment order for donation: surname, first name, patronymic, residence address or provided false data, or any legal entity that failed to specify any of the following data in the payment order for donation: taxpayer identification number, name, banking details, or provided false data;
(as amended by Federal Law No. 93-FZ of July 21, 2005)
14) legal entities registered less than one year before the voting day;
15) non-profit organizations that received money or any property during the year preceding the donation day from:
foreign countries as well as bodies, organizations or persons as specified in Subclauses 1 to 4, 6 to 8 and 11 to 14 of this Clause;
5) the Russian legal entities with a foreign interest if the foreign share (contribution) in their authorized (share) capital is over 30 percent as at the date when the relevant money or property is transferred (for open jointstock companies — as at the date when the list of the persons entitled to take part in the annual general meeting of shareholders upon the results of the previous fiscal year is compiled);
5) legal entities with an over 30 percent share (contribution) of the Russian Federation, Constituents of the Russian Federation and/or municipal establishments in their authorized (share) capital as at the date when the relevant money or property is transferred (for open joint-stock companies — as at the date when the list of the persons entitled to take part in the annual general meeting of shareholders upon the results of the previous fiscal year is compiled); organizations established by government bodies and/or local authorities (except for the joint-stock companies established by privatization); organizations established by the legal entities as specified in paragraphs three and four of this Subclause;
5) organizations with an over 30 percent share (contribution) of the legal entities as specified in paragraphs three and four of this Subclause in their authorized (share) capital as at the date when the relevant money or property is transferred (for open joint-stock companies — as at the date when the list of the persons entitled to take part in the annual general meeting of shareholders upon the results of the previous fiscal year is compiled).
(subclause 15 has been introduced by Federal Law No. 274-FZ of December 30, 2006)
6.1. Non-profit organizations as specified in Subclause 15, Clause 6 of this Article shall not be entitled to donate to a candidate’s electoral fund only in case the money or property received by those non-profit organizations is not returned to the relevant foreign countries, bodies, organizations or persons as specified in paragraphs two to seven of Subclause 15, Clause 6 of this Article (or, where it’s impossible to return such money or property, is not transferred to the assets of the Russian Federation) before the date when the donation is to be contributed to a candidate’s electoral fund.
(clause 6.1 has been introduced by Federal Law No. 274-FZ of December 30, 2006)
7. The electoral funds shall be managed by the candidate who has formed the fund. The electoral funds shall be purpose-oriented and may be used only for:
1) funding of organizational and technical arrangements meant for collection of signatures in support of a candidate’s nomination, including remuneration of the persons engaged in collection of voter signatures;
2) election campaigning and payment for information and consulting work (services);
3) payment for any other work (services) performed or provided by citizens of the Russian Federation or legal entities as well as any other expenses directly related to the a candidate's election campaign.
8. A candidate shall not use any funds except for those within his electoral fund to pay for any work related to his election campaign. A candidate may only use the funds transferred by contributors to a special electoral account of the candidate’s electoral fund before the voting day, in accordance with the procedure as established by this Federal Law.
9. In case some extra candidates are nominated under the circumstances as mentioned in Clause 6, Article 39 and Clause 5, Article 44 of this Federal Law, the maximum limit on all expenses out of the electoral fund of the candidates registered earlier shall become 1.5 times higher.
10. If a person who is a candidate for the office of the President of the Russian Federation is simultaneously nominated as a candidate at some other election held within the territory of the same federal electoral district and is obliged to establish another electoral funds in addition to the electoral fund as mentioned in Clause 1 of this Article, the maximum limit on all expenses out of all these funds shall be the largest maximum limit as established by this
Federal Law, other federal laws and by the law of the relevant Constituent of the Russian Federation. Such person shall notify the Central Election Commission of the Russian Federation of opening of special electoral accounts in writing.
