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Article 48
 

Financing of Elections of Deputies

 

1.    Expenditures for the preparation and conduct of elections of deputies shall be incurred exclusively from the funds of the State Budget of Ukraine, allocated for preparation and conduct of elections of deputies as well as the resources of election funds of parties (blocs), candidates for deputy of which are registered by the Central Election Commission.

 

2.    In order to finance their election campaign, a party (bloc) of the candidates for deputy, which are registered by the Central Election Commission shall establish their election funds, which shall be formed in accordance with the procedure set forth by this Law.

 

3.    It is prohibited to finance election events or materials through sources not stipulated by paragraph 1 of this Article, irrespective of availability of agreements with parties (blocs) — subjects of the election process or candidates nominated by such parties (blocs).