Republic Act No. 4421: An act to further amend the revised election code, as amended

In plain language

Amends the Revised Election Code by adding Section 36-A requiring candidates for national, provincial, city, and municipal offices to post a surety bond equivalent to one-year salary, with forfeiture provisions for those failing to secure at least ten percent of votes unless declared winner.

Posting of bond by candidates

Bond forfeiture for insufficient votes

Exception for declared winners

Effectivity upon approval

Election law

Candidate bond

Revised Election Code

REPUBLIC ACT No. 4421

AN ACT TO FURTHER AMEND THE REVISED ELECTION CODE, AS AMENDED

Section 1

The Revised Election Code as amended, is further amended by inserting a new section, to be known as Section thirty-six-A, between Sections thirty-six and thirty-seven thereof, which shall read as follows:

"Sec. 36-A. Posting of bond by candidates; exception; forfeiture. All candidates for national, provincial, city and municipal offices shall post a surety bond equivalent to the one-year salary or emoluments of the position to which he is a candidate, which bond shall be forfeited in favor of the national, provincial, city or municipal government concerned if the candidate, except when declared the winner, fails to obtain at least ten percent of the votes cast for the office to which he has filed his certificates of candidacy there being not more than four candidates for the same office."

Section 2

This Act shall take upon its approval.

Approved: June 19, 1965

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.