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Funds shall be allocated annually from the State Treasury through the current national budget for the activities of political organisations that achieved at least one person elected to the Althing or at least 2.5% of the vote in the immediately preceding parliamentary election. Amounts shall be allocated in proportion to the number of votes.
Political organisations that present candidates for election in all constituencies in elections to the Althingi may, immediately after the elections, apply for a special grant from the Treasury to meet costs incurred during the election campaign. The maximum amount of such a grant is ISK 3 million. Applications for grants due to election campaigns must be directed to the Ministry of Justice and Human Rights. Applications must be submitted no later than three months after elections have taken place. Applications must be accompanied by copies of the cost invoices that the grant is intended to cover. The Ministry of Justice and Human Rights may establish more detailed rules on the form of applications and attached documents and on what costs can be regarded as campaign costs.
A prerequisite for the allocation of funds from the Treasury to political organisations pursuant to the first paragraph is that the organisation in question must have previously fulfilled its duty to provide information to the Icelandic National Audit Office in accordance with the provisions of Article 9.