IFA bans 'war chests' to end 'horrendous' expenditure in presidency race
IFA presidential election campaign 'war-chests' have been outlawed by the organisation as part of a bid to end the "horrendous" expenditure incurred by candidates in previous elections.
For the first time, candidates are barred from soliciting, or accepting contributions from businesses or co-ops. Large fundraising events are also outlawed.
The new procedures, under which reasonable expenses incurred by the candidates will be reimbursed by IFA has been welcomed by candidates and previous participants in IFA elections.
Former deputy president, Ruaidhri Deasy, said election expenditure had "become horrendous" for candidates.
It is estimated that over €1m in total was spent by candidates for the presidency, deputy presidency and regional chairmen positions in IFA elections in recent years.
"I have heard of individual candidates for the presidency having put together 'war chests' in excess of €150,000 for election campaigns. The spend had become scandalous - it is not tolerable," said Mr Deasy.
"When I went for election it cost me a considerable amount of money out of my own pocket in addition to what was raised though fundraising and we got some money from IFA HQ. I think it was about €25,000," he said.
Mr Deasy said that IFA should ban posters "because they are making the election too political".