Latvia - 2011 Party Finance Law

Title Section 6. Restrictions for Financing
Article

6

(1) Natural persons are prohibited to finance political organisations (parties) from gifts and loans of other persons. Natural persons, who have been sentenced with a prohibition to candidate for elections of the Saeima, European Parliament or local government, except for rehabilitated persons or whose conviction has been extinguished or set aside, are prohibited to finance political organisations (parties) by gifts or donations.

(2) All gifts (donations) of financial assets the sum of which exceeds one minimum monthly salary shall be transferred directly into the bank account of the relevant political organisation (party), but other gifts (donations) shall be given, transferred or submitted directly and without mediation to the relevant political organisation (party). If one person has paid in cash financial resources to a political organisation (party) the total amount of which in a calendar year has reached one minimum monthly salary, further financial resources in the relevant calendar year shall be transmitted to the bank account of this political organisation (party).

(3) It is prohibited to finance political organisations (parties) through a third party. Cases, when to implement personal interests of financing the political organisation (party), identity data of another person have been used, or when a donation to the political organisation (party) is given through another person, shall be considered financing of the political organisation (party) through a third party. Within the meaning of this Law, mediation is not a case when on the basis of a notarised authorisation, in which the specific amount or property to be donated and the value thereof have been indicated, an authorised representative gives a donation in the name of the authorising person. Handing over of such authorisation to another person is prohibited.

(4) [excluded with the law of 12 February 2004]

(5) Political organisations (parties) are prohibited to take loans.

(6) Political organisations (parties) are not allowed to issue any kind of loans or provide guarantees.
[with amendments made with 6 June 2002; 12 February 2004; 17 July 2008; 10 June 2010 law shall come on force July 14 2010]

Categories - Party finance (Private funding)
Source http://www.likumi.lv/doc.php?id=36189 (accessed: August 2012)