If a referendum isn’t held due to martial law or state of emergency, the funds for holding a campaign won’t be raised until resumption of the referendum. This is what author of the bill on making amendments and supplements to the Law on Referendum, deputy of the My Step faction of the National Assembly of Armenia Vahagn Hovakimyan declared during a discussion on the bill in parliament today.
The total amount of funds raised for support to the YES or NO campaign headquarters must not exceed AMD 150,000,000. Moreover, the amount of payments made by political parties, non-governmental organizations or alliances of political parties must not exceed AMD 40,000,000.
If the decision on holding a referendum is repealed before the end of martial law or state of emergency, the participants of the YES and NO campaign headquarters shall have the right to repay their obligations within ten days after entry into force of the relevant decision of the parliament.
After annulment of the parliamentary decision on holding a referendum and until the end of martial law or state of emergency, all actions of funds will be discontinued on the eleventh day following the end of the martial law or state of emergency. The remaining funds may be used by the participants of the campaign for charity purposes in the course of one month.