Definitions
A contribution is defined by MSRB Rule G-37 to include any gift, subscription, loan, advance, or deposit of money or anything of value made to an official of an issuer or a bond ballot campaign. The definition includes gifts given for the purpose of influencing the election or ballot initiative, paying a debt incurred in connection with the election or initiative, or paying for costs associated with transition or inauguration into office or costs associated with the initiative.
Municipal securities business in this context is defined as:
- • Purchase of securities in a primary offering from an issuer (a negotiated underwriting, not a competitive underwriting)
- • Offer or sale of securities in a private placement
- • Provis