Guarantees for receiving advance payments

Any political party interested in obtaining advance funding to participate in the electoral process must first provide sufficient liquid guarantees to support the operation. These guarantees shall be provided solely by institutions of the National Banking System authorized to do so and, in addition, the documents and guarantees supporting the advance payment shall be endorsed in favor of the State and deposited with the TSE.

Political parties shall bear the costs of the provision of their guarantees; however, if the political party obtains the right to state funding as a result of the election, these expenses may be deducted as expenses of the electoral process to be liquidated.

If a political party has received advance payments and does not participate in the electoral process for any reasons or does not obtain the right to state funding after having participated or this is insufficient to cover the amount obtained by way of advance payment, the TSE shall call in the provided guarantees on behalf of the State, with the aim of recovering public funds.