Latvia - 2011 Party Finance Law
Title | Section 7. Prohibition on Anonymous Gifts (Donations) |
Article |
7 (1) Financing of political organisations (parties) in the form of anonymous gifts (donations) is prohibited. (2) Within the meaning of this Law a gift (donation) is anonymous if in the accounting documents of the political organisation (party) the given name, surname, personal identification number and place of residence in respect of the giver (donor) - a natural person - are not indicated. (3) If a political organisation (party) receives an anonymous gift (donation), such financial resources shall be transferred to the State budget within a period of five days of the receipt thereof, but property shall be transferred to State property in accordance with the procedures specified by the Cabinet. (4) [excluded with the law of 12 February 2004] (5) [excluded with the law of 12 February 2004] |
Categories |
- Party finance (Private funding) |
Source | http://www.likumi.lv/doc.php?id=36189 (accessed: August 2012) |