Recording non-public funds

1. Every electoral subject must record in a designated register, whose template is approved by a CEC decision, the amount of funds benefited by every natural or legal person and other data related to the clear identification of the donor, lender, or creditor. Upon donation, the donor shall sign a declaration stating they are not in any of the circumstances provided for in Article 92/1 of this law and that they hold personal liability for false declaration. The form and content of the declaration shall be approved by the CEC and shall be mandatory to be signed in any case of donation.

2. Donation of non-public funds over 50 thousand ALL must be made only in a designated bank account opened by the electoral subject. The accounts shall be declared upon registration under Article 64 of this law. The declaration form shall also include the authorisation for CEC and its assignees to obtain data on all account transactions directly from the bank. Electoral subjects may not use any other bank account, except for the declared ones, to receive donations for the electoral campaign, even for amounts smaller than 50 thousand ALL.

3. If they plan to accept donations of an amount higher than 50 thousand ALL for their campaign candidates of electoral subjects shall be obliged to open specific bank accounts in order to accept donation of non-public funds. The accounts shall be declared upon registration in accordance with Article 67 of this law. The declaration form shall also include the authorisation for CEC and its assignees to obtain data on all account transactions directly from the bank. Candidates of electoral subjects may not use any other bank account, except for the declared ones, to receive donations for the electoral campaign, even for amounts smaller than 50 thousand ALL.

4. The total expenditures made by an electoral subject, including its candidates, for an electoral campaign must not exceed 3 times the highest amount that an electoral subject has received from public funds for electoral purposes, in accordance with Article 88 of this Law. Any electoral campaign expenditure shall be documented and implemented in compliance with the effective fiscal legislation. For the purpose of this Law, “campaign expenditure” shall mean any expenditure made by a party or its candidates for electoral campaign purposes, regardless of the date it is made.

5. Obligations provided for in this Article shall also apply to candidates proposed by voters, registered in accordance with Articles 69 and 70 of this law. The total expenditures a candidate proposed by the voters may make must not exceed 50% of the highest amount that an electoral subject has obtained from public funds, in accordance with Article 88 of this law.