The CEC informs that the parties/parties’ alliances are obliged to open an election fund within 5 days after the registration of the electoral lists.

The parties included in the alliance of parties do not have the right to form a separate pre-election fund.

The pre-election fund of a party (alliance of parties) is formed from the payments made by that party (member parties of the alliance).

Funds can be opened in the following banks:

Ardshinbank CJSC

Armeconombank OJSC

AKBA Bank JSC

Unibank OJSC

VTB – Armenia Bank CJSC

Fast Bank CJSC

In the case of the National Assembly elections, the maximum limit of expenditures from the fund is 800 million drams.

Compulsory expenses to be made and declared from the fund are:

Political advertisements on the pre-election campaign in the mass media and on the Internet;

Sociological surveys and research,

Costs of indemnification of proxies,

Costs of preparation, installation and distribution of propaganda posters, propaganda print and other materials,

The costs of renting premises of election headquarters,

Costs of holding cultural or sports events,

Costs of renting halls, premises,

Expenses for vehicle rental/ excluding up to 7-seater cars.

Non-declarable costs

Utility costs of electoral headquarters

Vehicle fuel costs

Utility costs of halls and areas for holding pre-election meetings, meetings with voters and other events related to pre-election campaigning

Failure to include the expenses to be declared results in an administrative penalty of three times the amount of expenses not included in the fund’s expenses.

Exceeding the limit of incurred expenses causes an administrative penalty in the amount of three times the amount that exceeds the set maximum amount.

If the amount of expenses incurred in the specified directions and the amount of fines paid to the state budget is more than 120 percent of the maximum amount of the pre-election fund, then based on the application of the Central Electoral Commission, the court shall invalidate the registration of the electoral list of the party (alliance of parties) participating in the elections.

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