By RG Cruz, ABS-CBN News | 02/07/2013 5:44 PM
MANILA - The Commission on Elections is requiring candidates to submit their expenditure reports within 7 days after each rally for the duration of the official campaign period.
Section 7 of Comelec Resolution 9616 declares as an unlawful act, a party or candidate's failure to notify the election officer concerned of any public rally that a party or candidate intents to organize and hold in the city or municipality and to submit within seven (7) working days a statement of expenses incurred in connection with the said public rally.
Failure to comply incurs a liability as an election offense which carries the maximum penalty of 12 years in prison and disqualification.
Other possible election offenses in relation to campaign finance monitoring are:
Field officers shall submit to the campaign finance unit the accomplished and duly sworn monitoring checklists, together with the Statement of Expenses on Public Rally of the candidate or party whose event was the subject of the monitoring checklists, within ten (10) working days after the holding of the public rally or meeting.
Field officers must submit to the unit their reports on candidates and parties who failed to remove their election propaganda despite notice, together with the quantity and description of the election propaganda, within ten (10) working days after confirming that the election propaganda has not been removed within the three (3) day period given to the candidate or party to do so.
Relevant election laws impose a spending limit of P3 per voter for ever candidate with a registered party and P5 per voter for independent candidates.
Political parties are allowed to spend P5 per voter. With over 52 million registered voters for the midterm election, spending is thus capped at a rage of P156 million to P260 million for the duration of the official campaign period for national candidates.