Updates to the Membership Agreement

As a not for profit organization, ASCRL's aim is to maximize contributions to ASCRL claimants and to reduce ASCRL Administrative expenses as much as is possible. Towards this end, ASCRL will be changing its membership agreement to provide that ASCRL will make commercially reasonable efforts to reduce the administrative commissions charged against member distributions by adopting programs established  by the board of directors for the investment of and subsequent administrative use of ASCRL funds that are not specifically identified under contracts for distribution, including funds granted as seed money by supporting organizations to ASCRL, appreciated amounts that ASCRL contracts do not specifically designate for distribution to ASCRLmembers, and certain foreign tax refunds for taxes withheld at the source. The hope is that over time these funds will help fund and defray administrative costs and in turn help to reduce the percentage charged against member distributions. Appropriate additions will be made to the membership agreement. Please stay tuned.