1. A party (bloc) shall appoint two administrators of an election fund having an exclusive right to manage funds deposited on an accumulative account of a party’s (bloc’s) election fund, from among candidates, put in a voter list of such party (bloc), or from among its authorized representatives in all-national constituency, as referred to in paragraph 5 of Article 72 of this Law.
2. A party (bloc) shall appoint one administrator of a party’s (bloc’s) election fund for each current account from among candidates, put in a voter list of such party (bloc), or from among its authorized representatives in a respective election district. An administrator of a party’s (bloc’s) election fund shall have an exclusive right to manage funds on the respective current account of a party’s (bloc’s) election fund.
3. Administrators accumulative account funds of a party’s (bloc’s) election fund should keep record of receiving and allocation of funds of a party’s (bloc’s) election fund among current accounts. Administrators of current accounts funds of a party’s (bloc’s) election fund should be accountable for strict compliance with financial procedures, purposeful utilization of the a party’s (bloc’s) election fund.
4. A banking institution, where an accumulative or a current account of a party’s (bloc’s) election fund is opened, should provide an administrator with information on amount and sources of contributions, which have been transferred to accounts of a party’s (bloc’s) election fund, cash flow, and account balance on a weekly basis or upon his/her request.
5. An administrator of a current account of a party’s (bloc’s) election fund should keep record of utilization of money deposited on a current account of a party’s (bloc’s) election fund. An administrator of a current account of a party’s (bloc’s) election fund should provide an administrator of an accumulative account of a party’s (bloc’s) election fund with a financial act on utilization of money deposited on a current account of a party’s (bloc’s) election fund no later than on the seventh day after Election Day.
6. Administrator of funds of an accumulative account of a party’s (bloc’s) election fund should provide the Central Election Commission with a financial report on receipts and utilization of money deposited on a party’s (bloc’s) election fund no later than on 15th day after Election Day.
7. Form of a financial report, as referred to in paragraphs 5 and 6 of this article, shall be established by the Central Election Commission no later than 80 days prior to Election Day.
