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Article 43
 

Procedure for Establishing the Campaign Fund and the Use of its Funds

1. The campaign fund of the candidate to the post of President of Ukraine shall be established out of his/her own private funds, the funds of the party (parties that are members of the election bloc) that no­minated the candidate, as well as voluntary contributions from physical persons.

2. The candidate's campaign fund shall be no greater than fifty thousand times the minimum wage. For those candidates included on the ballot for repeat voting, the upper limit of the campaign fund shall be increased by fifteen thousand times the minimum wage.

3. A voluntary contribution from a physical person to the campaign fund of one candidate may not exceed twenty-five thousand times the minimum wage.

4. The following persons shall be prohibited from making voluntary contributions to the campaign fund:

1) foreign citizens and persons without citizenship;

2) anonymous contributors (who do not indicate the information envisaged by part five of this article in the payment document).

5. A voluntary contribution from a physical person to the campaign fund shall be accepted by a banking institution or post office, provided that the person submits one of the documents specified in part two of article 2 of this Law. The surname, name and patronymic, the date of birth, and the address of the permanent residence of the person must at the same time be stated in the payment document.

6. The banking institution or post office shall transfer the voluntary contribution to the accumulation account of the campaign fund no later than next working day after the day it received the respective payment document. The overall term for the cashless transfer of a contribution to the campaign fund account may not exceed two banking days.

7. The administrator of the accumulation account of the campaign fund may refuse a contribution from a physical person, whereas he/she files the respective request and payment document to the ban­king institution in which the campaign fund account was opened. Such contribution shall be returned to the person at the expense of the voluntary contribution, and, if such return is impossible, shall be credited to the State Budget of Ukraine.

8. In the event a voluntary contribution from a physical person is received which exceeds the limited amount established by part three of this article, the surplus of the established amount of the contribution, on the basis of the respective request and payment document filed by the administrator of the accumulation account of the campaign fund, shall be returned to the individual by the banking institution in which the account of the campaign fund was opened at the expense of these funds and, if such return is impossible, shall be credited to the State Budget of Ukraine.

9. The administrator of the accumulation account of the campaign fund shall refuse the contribution of a physical person who, according to this Law, is not entitled to make such contribution, should the administrator be aware of such fact. On the basis of the request by the administrator of the accumulation account to refuse the contribution due to such reason, the banking institution, in which the campaign fund account was opened, shall credit this contribution to the State Budget of Ukraine. If the campaign fund administrator becomes aware of the fact that the physical person who made the contribution had no right to do so, he/she is obliged, within 3 days from the day he/she became aware of this, to refuse to accept such contribution by transferring the respective funds to the State Budget of Ukraine.

10. The Central Election Commission and banking institution in which the campaign fund account was opened shall exercise control over the receipt, records and use of funds from the campaign funds according to the procedure established by the Central Election Commission jointly with the National Bank of Ukraine and a central body of the executive in charge of communication issues no later than one hundred and ten days prior to the day of elections.

11. Funds from the campaign fund not used by a candidate to the post of President of Ukraine no­mi­na­ted by a party (bloc) shall, upon his/her written request , which shall be certified according to the procedure established by law and within ten days after the official announcement of the election results submitted to the banking institution, be transferred to the running account of the respective party (parties that are members of the bloc) within five days after the day such request was received. In case the candidate fails to submit the request within this term, the banking institution shall irrevocably transfer the unused funds of the campaign fund to the State Budget of Ukraine on the fifteenth day after the day the Central Election Commission officially announces the results of the elections, or (for candidates, who were not included in the election ballot for the repeat voting) the publication of the decision to call repeat voting. Funds of the campaign fund which remain unused by the self-nominated candidate to to the post of President of Ukraine, shall, no later than on the tenth day after the official promulgation of the voting results, be transferred to the State Budget of Ukraine.

12. In case the decision to register a candidate to the post of President of Ukraine is cancelled, the balance on his/her campaign fund shall, not earlier than on the tenth day after the day the respective decision was announced, be irrevocably transferred to the State Budget of Ukraine.

13. A contribution that arrived to the campaign fund after the day of elections, (in case the candidate was included in the election ballot for repeat voting –after the day of repeat voting), shall be returned by the banking institution to the respective physical person at the expense of the contribution and, in case such return is impossible, shall be transferred to the State Budget of Ukraine.

14. The Central Election Commission shall publish information about the size of the campaign funds of the candidates to the post of President of Ukraine and the financial reports on how they have been used in the newspapers "Holos Ukrainy" and "Uriadovy Courier" no later than on the eighteenth day after the day of elections.