Lithuania - 2010 Party Finance Law

Title Article 7 - Sources of funding of political parties and political campaigns of political parties
Chapter II - Sources of funding of political parties and political campaigns. Political campaign expenditure
Article

7

1. Political parties and political campaigns of political parties shall be financed with funds received from the sources specified in this Law.
2. Sources of funding of political parties shall be permanent sources of funding (typical of this political party during the period between political campaigns and during a political campaign period) and sources of political campaign funding.
3. Permanent sources of funding of political campaign:
1) membership fees of the political party;
2) state budget appropriations;
3) state budget appropriations allocated in accordance with separate programmes approved by the Government of the Republic of Lithuania;
4) funds received by the political party from its other activities referred to in Article 13 of this Law;
5) donations of natural and legal persons who under this Law have the right to donate;
6) loans for the political party by the banks registered in the Republic of Lithuania;
7) interest on the funds kept in the bank account;
4. Statutes of the political party shall fix the amount of the membership fee, the procedure of payment and use thereof. Membership fees shall be as follows:
1) an initial membership fee;
2) a periodic membership fee.
5. The statutes of the party may set other membership fees which are not specified in paragraph 4 of this Article.
6. Funds of the political party received from the sources specified in paragraph 3 of this Article, except subparagraph 2 of paragraph 3 of this Article, shall be kept in the current bank account of the political party.
7. Political parties must keep the state budget appropriations received in accordance with the procedure laid down in Articles 15 and 16 of this Law in the account of state budget appropriations, except for the cases when the said funds are used to finance the political campaign of the political party.
8. Sources of funding of political campaign of the political party shall be as follows:
1) funds of the political party received from the sources of funding of the political party and used to finance political campaigns of the party, lists of candidates nominated by the party and candidates nominated by the party;
2) donations for political campaign given by natural and legal persons, who under this Law have the right to donate, to the political party during the political campaign period;
3) loans received by the political party from the banks registered in the Republic of Lithuania during the political campaign period;
4) interest on the funds kept in the political campaign account;
9. Political parties must keep funds designated to finance political campaign in the political campaign account.
10. Obligations discharged by the guarantor for the political party to the banks registered in the Republic of Lithuania shall not be regarded as the source of political campaign funding.
11. It shall be prohibited to finance political parties or political campaigns of political parties with the funds which are not specified in this Article.

Categories - Party finance (Direct public funding)
- Party finance (Indirect public funding)
- Party finance (Private funding)
- Party finance (Report and disclosure)
Source http://www.legislationline.org/documents/id/16508