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Article 41
 

The Campaign Fund of the Candidate to the post of President of Ukraine

1. The campaign fund of a candidate to the post of President of Ukraine shall have an accumulation account, to which funds intended for financing the election campaign of the candidate to the post of President of Ukraine are transferred as well as running accounts, from which the financing of election campaign expenses are covered. Funds shall be transferred to the running election accounts exclusively from the accumulation account of the campaign fund of the candidate.

2. The candidate shall open one accumulation account of the campaign fund in a banking institution of Ukraine located in the city of Kyiv and shall open no more than one running account in a banking institution located within a territorial election district.

3. The accounts of the candidate's campaign fund shall be opened in banking institutions in the national currency.

4. The candidate shall open the accumulation account of his/her campaign fund no later than on the tenth day from the day the Central Election Commission has registered him/her. The copy of the decision of the Central Election Commission about the registration of the candidate to the post of President of Ukraine shall constitute the grounds for opening an accumulation account of the campaign fund of candidate. A statement issued by the banking institution confirming the opening of the accumulation account shall constitute the grounds for opening the running account of the campaign fund of the candidate.

5. The procedure for opening and closing the campaign fund accounts of a candidate shall be established by the National Bank of Ukraine in agreement with the Central Election Commission, no later than one hundred and ten days prior to the day of the elections.

6. Funds from the running campaign account shall be spent exclusively in a cashless manner.

7. The bank institution shall provide services related to the opening, closing and the maintenance of the campaign fund free of charge. The banking institution may neither charge nor pay interests for the use of funds placed on the campaign funds accounts.

8. The banking institution shall, no later than next working day from the day the candidate opens the fund account, notify the Central Election Commission about the opening of the account and its banking details.

9. The information about the opening of the accumulation account of the respective campaign fund and its banking details shall be published once in the newspapers "Holos Ukrainy" and "Uriadovy Courier" at the expense of funds from the State Budget of Ukraine allocated for the preparation and conduct of the elections. Further information about the banking details of the accumulation account shall be published in print press at the expense funds from the respective campaign fund.

10. The spending of funds from the running campaign fund accounts shall be discontinued at 15 hrs of the last day before the day of elections or the day of the repeat voting.

11. In case repeat voting is scheduled, the use of funds from the campaign funds of those candidates who are included in the election ballot for the repeat voting shall be resumed beginning from the day the decision to include them in the election ballot for repeat voting is made.

12. The banking institution shall close campaign fund accounts on the fifteenth day from the day of the official announcement of the results of elections or, for those candidates who were not included in the election ballot for repeat voting, from the day of the announcement of the decision to call the repeat voting.

13. Freezing funds allocated at the accounts of the campaign fund before the day of the elections or before the day of the repeat voting shall be prohibited.