AMONG 9 CANDIDATES NOMINATED IN RA PRESIDENTIAL ELECTIONS LEVON TER-PETROSIAN FORMED PRE-ELECTORAL FUND

Noyan Tapan
Dec 10 2007

YEREVAN, DECEMBER 10, NOYAN TAPAN. As of December 10, a special current
account has been opened in the Central Bank for the formation of the
pre-electoral fund of only Levon Ter-Petrosian, the first President
of the Republic of Armenia, among the nominated candidates running
for presidency.

This information was provided to a Noyan Tapan correspondent by Tatev
Ohanian, the Spokesperson of the Central Electoral Commission. One
of the other eight candidates: Tigran Karapetian, the Chairman of
the People’s Party, has written to the Central Bank for opening a
special current account.

According to the Electoral Code, the candidates registered by the
Central Electoral Commission can carry out their pre-electoral
campaign, which will this time last from January 21 until February
17 at 24:00, by exclusively making use of the means of their own
pre-electoral funds. And candidates can form pre-electoral funds
until the registration, which will last from December 31 until January
20, 2008.

It should be mentioned that the maximum size of the pre-electoral fund
of the candidate running for presidency is defined 70 million drams
(approximately 233.3 thousand U.S. dollars). The fund is formed by
the own means of the candidate, 10 million drams at maximum, by the
party, which has nominated the candidate, 30 million drams at maximum,
and by the voluntary payments of physical and juridical persons,
correspondingly, 200 thousand and 500 thousand drams at maximum.

From: Emil Lazarian | Ararat NewsPress