Candidates’ Private Election Funds, Procedure of Their Formation
1. Candidates shall have the right to form private election fund, from funds of which payment for expenditures for the conduct of election campaign shall be carried out.
2. Private election funds shall be formed at the expanse of candidate’s funds. These funds may include donations from citizens of Ukraine, as well as from legal entities, except for those determined in fourth paragraph of this Article.
3. The amount of private election fund of a candidate cannot exceed 50 minimal non-taxed salaries.
4. Local bodies of executive power, bodies of local self-government, state enterprises, organizations and institutions, legal entities with the share of foreign capital, foreign governmental, international organizations and associations, as well as anonymous persons or those under pseudonym are prohibited from contributing to the private election fund of a candidate.
5. Appropriate accounts for private election funds shall be opened in the institutions of the National Bank of Ukraine under the "Private Election Fund" stamp, upon applications of candidates after their registration by the respective election commissions.
6. Candidates or authorized persons of candidates entrusted by them, shall be the managers of funds from private election funds. The manager of the private election fund shall be issued a check book for the entire sum of the election fund.
