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Article 36
 
Creation and Disbursement of the Election Fund


Election fund of a party (block) is created from financial resources of the party (or member parties of the election block) and from voluntary donations from individuals.

Election fund of the candidate for deputy registered in a single-mandate election constituency is financed at his own expense and from voluntary donations from individuals.

Disbursements made from the election fund of the party (block) shall not exceed 150,000 minimum wages exempt from taxation; and disbursements made from the election fund of the candidate for deputy registered in a single-mandate election constituency, shall not exceed 10,000 minimum wages exempt from taxation.

Voluntary donation(s) of individuals to the election fund of one party (block), one candidate for deputy registered in a single-mandate election constituency shall not exceed 1,000 minimum wages exempt from taxation.

Individuals as below are banned from making donations to the election funds:



Citizens of foreign countries and persons with no citizenship;

Self-employed individuals who have outstanding tax liabilities in respect of the State or local budgets at the date of donation transfer to the election fund;

Anonymous donators (not stating in the money transfer order the data as required in the paragraph 6 herein).



Donation from a Ukrainian citizen to the election fund is accepted for transfer by a bank or post office upon presenting document as provided by the paragraph 2 of the Article 2 of the law herein. Money transfer order shall state (mandatory) first and last name, date of birth and address of an individual.

Donation is transferred by the bank or post office to the bank account of the election fund the next business day upon acceptance of the money transfer order as the latest. The overall duration of bank transfer of donations to the bank account of the election fund shall not exceed two banking days.

Manager of the election fund retains the right to reject donation made by an individual, by submitting respective application and money transfer order to the bank office keeping bank account of the election fund. The above donation is returned to an individual, with all respective bank charges covered from the donation in question, or, if such a return is impossible, is transferred to the State Budget of Ukraine.

In the event donation(s) made by an individual exceeds the maximum amount as provided in the paragraph 4 herein, the bank shall return the amount in excess to the respective individual, upon submission on the application and money transfer order by the election fund manager, with all respective bank charges covered from the donation in question, or, if such a return is impossible, is transferred to the State Budget of Ukraine.

Manager of the election fund is required to reject donation made by an individual not qualified to make such donation as provided by the law herein. The bank holding account of the election fund shall, upon submission of application of the election fund manager rejecting such donation, transfer a donation in question to the State Budget of Ukraine.

The control over receipt, accounting and disbursement of election funds is performed on a sampling basis by the Central Election Commission, constituency election commissions and the bank holding bank account of the election fund, in compliance with the applicable rules issued by the Central Election Commission, the National Bank of Ukraine and the central government authority on communications at least 100 days prior to the election date.

The managing bodies of the party (block) shall, within seven days upon announcement of the official election results, take resolution on transferring remaining cash from the election fund to the bank account of the party (or member parties of the election block). The remaining cash shall be transferred within five days upon delivery of respective resolution of the party (block). Provided the party (block) fails to take such resolution within period specified herein, the bank shall transfer the funds in question to the State Budget of Ukraine on the 15th day upon official announcement of the election results by the Central Election Commission.

Remaining cash from the election fund of the candidate for deputy registered in a single-mandate election constituency, shall be transferred by the bank to the State Budget of Ukraine within three-days period upon official announcement of the election results in respective single-mandate constituency, or resolution on announcing elections in such constituency to be invalid.

In the event registration of the candidate for deputy is invalidated, cash remaining in his election fund shall be transferred to the State Budget of Ukraine on the 8th day following publication of the above decision.

Donations transferred to the election fund after the election date (in the event of candidates included into ballots for the repeated voting - after the repeated election date) shall be returned by respective bank to the relevant individual (the latter bearing all related bank charges); or, if such a return is not possible, transferred to the State Budget of Ukraine.