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Georgia mulls new party funding regulations

24 November 2011 [18:09] - TODAY.AZ
The Georgian Justice Ministry has developed a draft of legislative amendment tightening regulations for funding of political parties. One of the provisions of the draft amendment to the law on political parties, which has yet to be formally initiated, envisages banning legal entities, including business organizations, to donate funds to political parties.

This proposed amendment to the law on political parties, however, does not apply, to a party's electoral campaign fund, which is regulated by separate provisions from the electoral code. If the amendment is maintained in its current form it will mean that a party's account and the same party's election campaign fund will be treated separately, wherein a legal entity, or businesses will be allowed to donate to a party's electoral fund, but will have no right to provide finances to a party's regular account during a non-electoral period. According to the electoral code a party can open its electoral fund account no later than five days after being registered for running in the elections (registration procedures should be over no later than 37 days before the polling day).


/The Georgian Times/

URL: http://www.today.az/news/regions/98713.html

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