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Bequest and Trust Distribution Policy

Approved by the APS Board of Directors, January 28, 2016
Approved by the APRL Board of Trustees, February 23, 2016


In the absence of specific donor instructions, funds received from bequests and beneficial distributions will be designated for any of the following:

  • Repayment of long-term bank debt,
  • Endowment Funds,
  • Acquisition of fixed assets with expected useful lives of ten years or longer
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