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Pay-to-Play |
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Pay-to-play Attempts by municipal bond underwriting businesses to gain influence with political officials who decide which underwriters are awarded the municipality's business. Pay-to-Play A practice in which a politician encourages monetary contributions in exchange for benefits for an individual or company. Paying to play may involve outright bribery, but it usually refers to more subtle payments. For example, an insurance company may make large contributions to a politician re-election war chest and the politician may then be inclined to vote in the insurance company's interest. Paying to play is often in a legal gray area. See also: Campaign Finance, Campaign Finance Reform. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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No references found | lt;h1>Calpers probes fees paid in pay-to-play deal</h1> Calpers said it was probing the fees outside money managers had been paying to win business with the largest U. Byline: Daily News City Council members were assured Wednesday that officials overseeing Los Angeles' three employee pension funds, valued at more than $25 billion, are taking steps to avoid the pay-to-play allegations arising in other states. But several of the biggest proposed changes, an outright ban on campaign donations and solicitation by lobbyists and a prohibition on donations from state contractors, a so-called pay-to-play ban already adopted in seven other states, was set aside by House leaders. |
Pay-to-Play |
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