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26
Pursuant to this Act, Parties may be financed by local communities. The competent municipal body may determine that a Party that was presented by its own candidates in the preceding elections for the municipal council shall receive funds from the local community budget proportional to the number of votes gained at the elections. Should the majority voting system be used in the elections, then the number of votes the Parties received at the elections within each constituency shall be divided by the number of members of the local community council voted within such constituency. A Party may use funds from the local community budget, provided that it has received at least 50% of the votes necessary for the election of one member of the local community council (number of valid votes : by number of seats in the municipal council x 50 : 100). The amount of funds for financing political parties shall be determined in the local community budget for each individual fiscal year. Such determination of the amount of funds is based on the condition that such funds do not exceed 0.6% of funds determined by the local community according to the regulations defining the financing of municipalities and ensuring the implementation of constitutional and legal tasks for this year.
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