§ Section 6Financing Restrictions

(1) Natural persons are prohibited from financing political
organisations (parties) from gifts and loans of other persons.
Natural persons who have been sentenced with a prohibition to
candidate in the elections of the Saeima, the European
Parliament or local government, except for rehabilitated persons
or those whose conviction has been extinguished or set aside, are
prohibited from financing political organisations (parties) by
gifts (donations).
(2) All gifts (donations) of financial resources the sum of
which exceeds one minimum monthly wage shall be transferred
directly into the bank account of the relevant political
organisation (party) but other gifts (donations) must be given,
transferred or submitted directly and without mediation to the
relevant political organisation (party). If one person has paid
the political organisation (party) financial resources in cash
the total amount of which in a calendar year has reached one
minimum monthly wage, further financial resources in the relevant
calendar year shall be transferred into the bank account of this
political organisation (party).
(3) It is prohibited to finance political organisations
(parties) through a third party. Cases where identity data of
another person are being used in pursuing personal interests of
financing the political organisation (party) or where a donation
to the political organisation (party) is made through another
person shall be considered the financing of the political
organisation (party) through a third party. Within the meaning of
this Law, the case when a trustee gives a donation on behalf of
the principal on the basis of a notarised power of attorney in
which the particular amount or property to be donated and the
value thereof is indicated shall not be considered
intermediation. It is prohibited to delegate such authorisation
to another person.
(4) [12 February 2004]
(5) The political organisations (parties) are prohibited from
taking loans.
(5¹) Within the meaning of this Law, a loan of a
political organisation (party) is also debt liabilities which
have not been paid by the political organisation (party) within
90 days from the day following the date when the political
organisation (party) had to settle accounts with the supplier of
goods or the service provider.
(6) The political organisations (parties) may not issue any
kind of loans or provide guarantees.
[6 June 2002; 12 February 2004; 17 July 2008; 10 June 2010;
14 November 2019 / See Paragraph 28 of Transitional
Provisions]