Financing of Initiatives to Commemorate the Patron of a Local or Regional Community with Public Funds, Including from the So-Called Participatory Budget

The purpose of this paper is to describe the basic legal solutions that can be used to finance initiatives to commemorate the patron of a local or regional community. As a result of the study, it was found that the financing for such initiatives could come from public sources. Such activities can be fi-nanced from budgets of units of local or regional government (at the commune, district, or province level). However, these expenditures must be allocated to the following categories of tasks: own tasks, tasks accepted for performance by way of a contract or agreement, or tasks implemented jointly with other units of local or regional government. Such initiatives can also be financed with targeted subsidies granted by units of local or regional government from the so-called par-ticipatory budget. The paper also shows that once funding is obtained for initia-tives to commemorate a local patron from public funds available in the budget of units of local or regional government, care must be taken to ensure that these funds are properly spent. In making these expenditures the following principles are of key importance: advisability and economy, efficiency, effectiveness, and timeliness, and these principles should be complied with together. Violation of these principles may entail legal liability under, among other things, the Act on liability for violating the discipline of public finance.