Note 3 - Transactions With Affiliated Parties	9 Months Ended
Sep. 30, 2020
Notes
Note 3 - Transactions With Affiliated Parties	Note 3 - Transactions with Affiliated Parties Under the terms of the Restated Certificate and Agreement of Limited Partnership, the Partnership is liable to NAPICO for an annual management fee equal to 0.4 percent of the Partnership's original remaining invested assets of the Local Limited Partnership and is calculated at the beginning of each year. Invested assets are defined as the costs of acquiring project interests, including the proportionate amount of the mortgage loans related to the Partnership's interests in the capital accounts of the respective Local Limited Partnerships. The management fee was approximately $5,000 and $4,000 for the nine months ended September 30, 2020 and 2019, respectively. Additionally, the Partnership reimburses NAPICO for administrative expenses incurred by NAPICO on behalf of the Partnership but paid by NAPICO for convenience. These reimbursed expenses were approximately $17,000 for the nine months ended September 30, 2020 and 2019.

Note 3 - Transactions With Affiliated Parties

9 Months Ended

Sep. 30, 2020

Note 3 - Transactions With Affiliated Parties

Note 3 - Transactions with Affiliated Parties

Under the terms of the Restated Certificate and Agreement of Limited Partnership, the Partnership is liable to NAPICO for an annual management fee equal to 0.4 percent of the Partnership's original remaining invested assets of the Local Limited Partnership and is calculated at the beginning of each year. Invested assets are defined as the costs of acquiring project interests, including the proportionate amount of the mortgage loans related to the Partnership's interests in the capital accounts of the respective Local Limited Partnerships. The management fee was approximately $5,000 and $4,000 for the nine months ended September 30, 2020 and 2019, respectively.

Additionally, the Partnership reimburses NAPICO for administrative expenses incurred by NAPICO on behalf of the Partnership but paid by NAPICO for convenience. These reimbursed expenses were approximately $17,000 for the nine months ended September 30, 2020 and 2019.