Funding of Election Campaign of a Political Party in Elections to the National Council of the Slovak Republic and to the European Parliament

(1) A political party and political movement (hereinafter the “political party”) may spend maximum EUR 3,000,000 inclusive of value added tax on its election campaign in elections to the National Council of the Slovak Republic and in elections to the European Parliament. The limit of costs of the political party pursuant to the first sentence shall also include the difference between the price of donation or other performance for free provided in the contract and the usual price, and the costs of promotion of the political party spent by the political party at the time beginning  180 days before the date of call of elections.

(2) To cover the costs of election campaign, the political party may use only the funds kept on a special payment account (hereinafter the “special account”) kept in a bank or foreign bank branch (hereinafter the “bank”). The provisions of a special regulation shall apply to the funds kept on the special account. 3)

(3) The political party must open a special account for each election campaign separately.

(4) The data on the special account pursuant to Paragraph 2 must be available to third persons for free, remotely and continuously and must show the summary of payment transactions including the data on the sum, date of posting, name and surname or name of the payer and of the beneficiary, text of the accounting entry and variable symbol (hereinafter the “summary of payment transactions”). The website containing the data shall be notified by the political party in paper form or in electronic form immediately after opening the account to the Ministry of Interior of the Slovak Republic (hereinafter the “Ministry of Interior”), which will publish it at its website.

(5) Funds must be deposited on the special account solely by transfer from another account. At the request of the Ministry of Interior, the political party must prove, who is the owner of the account, from which the funds were transferred.

(6) The political party shall save the statements of the account pursuant to Paragraph 2 for five years from issuance.

(7) The political party shall keep special records for purposes of election campaign with the following structure

a) costs of settlement of pre-election and election opinion polls,

b) costs of settlement of paid advertising or commercials,

c) costs of broadcasting of political commercials pursuant to a special regulation, 

d) costs of settlement of election posters,

e) costs of a business company pursuant to a special regulation, 

f) travel expenses of members of the political party and the summary of reimbursement of travel expenses of employees of the political party pursuant to a special regulation, 

g) the summary of non-monetary donations and other performances for free, whose value is determined pursuant to a special regulation, 

h) any other costs of the political party spent on promotion of its activity, objectives and programme.

(8) A special regulation shall apply to the saving of accounting documents from the records pursuant to Paragraphs 6 and 7. 8)

(9) At the request of the Ministry of Interior, the political party shall be obliged to deliver the documents, submit information, explanation or provide other data concerning its election campaign within ten days from the delivery of the request.