Municipal Fund [Federal Elections] Law and Legal Definition

According to 11 CFR 9008.50 [Title 11 -- Federal Elections; Chapter I -- Federal Election Commission; Subchapter E -- Presidential Election Campaign Fund: General Election Financing; Part 9008 -- Federal Financing of Presidential Nominating Conventions; Subpart B -- Host Committees and Municipal Funds Representing a Convention City],a municipal fund “is any fund or account of a government agency, municipality, or municipal corporation whose principal purpose is the encouragement of commerce in the municipality and whose receipt and use of funds is subject to the control of officials of the State or local government.”