24. Is there a ban on political parties taking loans in relation to election campaigns?

Israel

Israel

Answer
Yes
Source

"A party that is not represented in the Knesset, including a list of candidates, shall recieve a loan only from a banking corporation...

A parliamentary party group shall receive a loan only from the State Treasury...  [or]A loan from a banking corporation... for the purpose of acquiring a right in real estate...

A parliamentary party group is entitled to receive, through the Speaker of the Knesset, loans under conditions as provided in this section:

Whichever is earlier, a party group may receive a loan in an amount not exceeding half of the current expenses it receives in the month for each month from the date of granting the loan until the expiration of three years from the date of convening the Knesset... the loan ... will be repaid in equal installments by deducting from the on-going party funding that the party receives in a month...

From the beginning of the fourth year of the Knesset until the determining date [the beggining of the elections period], a parliamentary party group may receive a loan in an amount not exceeding three times the on-going public funding it receives in a month ... A loan fund under this paragraph ... shall be repaid in equal installments by deduction of the on-going public funding that the party receives in a month.

Source: Article 7a-c, Parties Law, 1992.

Comment

Parties that are not represented in the Knesset may take loans only from Banks. Parliamentary party groups may take loans only from the State (except for th purpose of purchasing a real estate - in that case it may take loans only from banks). Parliamentary party group may take a lone in an amount not exceeding half of its on-going public funding from the date of granting the loan until the end of three years from the date of commencement of the current Knesset; from the beginning of the fourth year of the Knesset until the beginning of the elections period, a parliamentary party group may receive a loan in an amount not exceeding three times the on-going public funding it receives in a month. The loans will be repaid from the on-going public funding received by the party.

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