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Article 49.
 

Managers of an Electoral Fund


1. A party shall, from among the candidates included in its electoral list or from among its authorized persons in a nationwide election district specified in Part 5 Article 75 of this Law, appoint no more than two managers of the accumulation account of the party’s electoral fund. An MP candidate in a single-mandate election district may be the manager of the current account of his or her own electoral fund, or may appoint no more than one manager from among his or her proxies. The managers of the accumulation account of a party’s electoral fund shall have the exclusive right to use the funds in the accumulation account of the electoral fund of a party, while the manager of the current account of the electoral fund of an MP candidate in CDL-REF(2016)040 a single-mandate election district shall have the exclusive right to use the funds in the current account of the electoral fund of the respective MP candidate.


2. A party shall, from among the candidates included in its electoral list or from among its authorized persons in the respective single-mandate district, appoint one manager for each current account of the party’s electoral fund, who shall have the exclusive right to use the funds in the respective current account of the party’s electoral fund.


3. The managers of the accumulation account of the electoral fund of a party shall keep the records of the receipt and distribution of the resources of the electoral fund between the current accounts. The manager of the current accounts of an electoral fund shall ensure observance of financial discipline, as well as purposeful use of the resources of the electoral fund.


4. A banking institution at which the accumulation or current account of an electoral fund has been opened shall, on a weekly basis or upon request of the manager of the resources of the respective electoral fund, provide the latter with information on the amounts and sources of donations transferred to the accounts of the electoral fund, as well as with information on the flow of resources and on the remaining resources.


5. The manager of the current account of an electoral fund shall keep records of the use of the funds in the respective current account of the electoral fund. The manager of the current account of an electoral fund of a party not later than thirty days before the voting day shall submit to the manager of the accumulation account of an electoral fund of the party an interim financial report on the use of resources in the respective current account of the electoral fund for the period starting the day of opening of the accumulation account of the electoral fund and ending thirty two days before the day of voting. {A new paragraph was added to Part 5 Article 49 pursuant to the Law № 709-VII dd. 21.11.2013} Not later than on the seventh day following the day of voting, the manager of the current account of a party’s electoral fund shall submit to the manager of the accumulation account of the party’s electoral fund a final financial report on the use of resources in the respective current account of the electoral fund. {Paragraph 3 Part 5 Article 49 as amended pursuant to the Law №709-VII dd. 21.11.2013}


6. The manager of the accumulation account of a party’s electoral fund shall, not later than twenty days before the day of voting, submit to the Central Election Commission an interim financial report on the receipt and use of the resources of the electoral fund for the period starting the day of opening of the accumulation account of the electoral fund and ending thirty two days before the day of voting (on paper and in an electronic form) that shall be made public immediately on the official website of the Central Election Commission. The manager of the accumulation account of a party’s electoral fund shall, not later than on the fifteenth day following the day of voting, submit to the Central Election Commission a final financial report on the receipt and use of the resources of the electoral fund (on paper and in an electronic form), which shall be made public immediately on the official website of the Central Election Commission The manager of the current account of the electoral fund of an MP candidate in a singlemandate district shall, not later than twenty days before the day of voting, submit to the district election commission an interim financial report on the receipt and use of the resources of the electoral fund for the period starting the day of opening of the current account of the electoral fund and ending twenty two days before the day of voting (on paper and in an electronic form). 


CDL-REF(2016)040


The district election commission, not later than on the day following the day of receipt of the interim financial report on the receipt and use of the resources of the electoral fund of the MP candidate in a single-mandate district, shall forward a copy thereof (on paper and in an electronic form) to the Central Election Commission which shall make it public immediately on its official web-site. The manager of the current account of the electoral fund of an MP candidate in a singlemandate district shall, not later than on the tenth day following the day of voting, submit to a district election commission a final financial report on the receipt and use of the resources of the electoral fund (on paper and in an electronic form). The district election commission, not later than on the day following the day of receipt of the financial report on the receipt and use of the resources of the electoral fund of the MP candidate in a single-mandate district, shall forward a copy thereof (on paper and in an electronic form) to the Central Election Commission which shall make it public immediately on its official web-site.


{Part 6 Article 49 in the wording of the Law № 709-VII dd. 21.11.2013}


7. The financial reports provided for in Part 6 of this Article shall be analyzed by the election commission, to which they were submitted. The Central Election Commission, not later than five days before the day of voting, shall publish the analysis of financial reports provided for in Paragraph 1 Part 6 of this Article, on its official web-site, and not later than on the thirtieth day after the day of voting – the analysis of financial reports provided for in Paragraph 2 Part 6 of this Article. District election commissions, not later than five days before the day of voting, shall post on the official information stands of respective commissions for general access and forward to the Central Election Commission for immediate publication on its official web-site the analysis of financial reports submitted to the respective commission as provided for in Paragraph 3 Part 6 of this Article, and not later than on the twentieth day after the day of voting – the analysis of financial reports provided for in Paragraph 5 Part 6 of this Article. Should any signs of violations of the requirements of this Law be discovered in the course of the analysis of the financial reports, the Central Election Commission or the respective district election commission shall report this fact to the relevant law-enforcement bodies, which shall hold an inquiry and react in accordance with the law.


{Part 7 Article 49 in the wording of the Law № 709-VII dd. 21.11.2013}


8. The forms of the financial reports specified in Parts 5 and 6 of this Article and the procedure for their analysis shall be approved by the Central Election Commission.


{Part 8 Article 49 as amended pursuant to the Law № 709-VII dd. 21.11.2013}