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30   ENHANCING ELECTIONS AS INSTRUMENTS OF DEMOCRACY IN THE ASEAN REGION





           party that espouses violence as a means to achieve its political goals is
           entitled to accreditation. To participate in elections, a registered political

           party must submit to the COMELEC a list of its current elected officials,
           national executive committee members, and local chapter chairs as well
           as a party platform and party list of candidates.


                   Campaign Financing. Election expenditures and contributions
           are regulated under the Omnibus Election Code and the Synchronized

           Elections and Electoral Reforms Law of 1991, as well as implementing
           resolutions of COMELEC. There is no limit on the value of contributions

           to candidates or parties from legal sources but electoral contributions
           from the following entities are prohibited: public educational institutions,
           foreign nationals or corporations, public and private financial institutions,

           public utilities, corporations that hold government contracts, and
           corporations that have been granted franchises, incentives, exemptions,

           allocations or similar privileges or concessions by government. There is
           no public funding for elections but candidates can receive free and equal
           time to campaign on government-owned/ operated broadcast outlets.


                   Candidates for President, Vice-President, and the Senate are
           prohibited from spending more than ten pesos (Ph Peso 10) for every
           registered voter. All other candidates are allowed to spend a maximum of

           three pesos (Ph Peso 3) for every registered voter in his/her constituency.
           A political party can spend a maximum of five pesos (Ph Peso 5) for

           every voter currently registered in the constituency where the party is
           fielding candidates.


                   Candidates and treasurers from all political parties are required
           to submit to COMELEC itemized statements of all campaign contributions
           and expenditures within thirty (30) days after the day of the election.
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