(1) Political parties may be financed from the following sources:

a) membership fees paid by the party members;

b) donations, legacies and other gifts;

c) income from their own activities, according to Article 16;

d) subsidies from the state budget;

e) money loans from natural and legal persons.

(2) Political parties may only take money loans pursuant to authentic notarial acts, failing which the loans shall be declared null and void, accompanied by delivery-receipt documents; the relevant contract shall state the repayment details and period.

(3) The repayment period provided for in paragraph (2) may not exceed 3 years.

(4) Money loans may only be taken and repaid through bank transfer.

(5) Money loans that have not been repaid within the period provided for in paragraph (3) may be established as donations subject to the parties’ agreement and provided that the donation ceiling provided for in Article 6 paragraph (1) for that year was not reached, up to the amount of such ceiling.

(6) Loans whose amount exceeds that of 100 basic national gross minimum wages shall be subject to the publication conditions provided for in Article 13.

(7) Political parties, political or electoral alliances and independent candidates are prohibited from granting loans to natural or legal persons.

(8) Political parties and their territorial organisations, including those established in the Bucharest municipality districts, shall be required to organise their own accounting system, in accordance with the applicable accounting regulations.

(9) Political parties and their territorial organisations shall perform their collection and payment operations through bank accounts in RON and foreign currency, opened with banks based in Romania, and in cash according to law.

(10) The income derived from the activities provided for in paragraph (1) point c) shall be exempt from taxes and duties.