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Election Funds to Be Scrutinized

July 24, 1973
See Original Daily Bulletin From This Date
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Parties contesting the general elections in October, whose campaigns will be financed by the State under a recently enacted law, will have to open a special bank account for election expenses. This was among the rules issued yesterday by the State Comptroller. Dr. Ernest Nebenzahl, under the 1973 financing of parties law.

Election expenses must be paid by check from the special bank account except for small payments which may be made in cash up to IL 150. Any order for electioneering work exceeding IL 20 must be detailed in writing, making clear the nature of the expenditure. Each party must keep a copy of all printed election material for a period of two years after the election. This includes newspaper advertisements, posters and leaflets.

Under the law, the allocations paid to each party are calculated on the relative strength of its Knesset faction. Lists running for the first time qualify for election expenses only if they win seats.

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