XML 43 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Contingent Liabilities (Details Narrative)
6 Months Ended
Jun. 30, 2019
USD ($)
Property
Commitments and Contingencies Disclosure [Abstract]  
Maximum percentage of disposition fees on sale of partnership properties 3.00%
Number of partnership properties for sale | Property 3
Percentage of disposition fees to be escrowed 50.00%
Amount of recovery of funds $ 4,500,000
Aggregate recovery of funds value 6,000,000
Payable fee on achieving recovery level $ 16,296
Recovery level description In addition, fifty percent of all such disposition fees earned by TPG were to be escrowed until the aggregate amount of recovery of the funds misappropriated from the three original partnerships by the former general partners was greater than $4,500,000. Upon reaching such recovery level, full disposition fees would thereafter be payable, and fifty percent of the previously escrowed amounts would be paid to TPG. At such time as the recovery exceeded $6,000,000 in the aggregate, the remaining escrowed disposition fees were to be paid to TPG. If such levels of recovery were not achieved, TPG would contribute the amounts escrowed toward the recovery until the three original partnerships were made whole. In lieu of a disposition fee escrow, fifty percent of all such disposition fees previously discussed were paid directly to a restoration account and then distributed among the three original partnerships; whereby the three original partnerships recorded the recoveries as income. After the recovery level of $4,500,000 was exceeded, fifty percent of the total disposition fee amount paid to the three original partnerships recovery through the restoration account (in lieu of the disposition fee escrow) was refunded to TPG during March 1996. The remaining fifty percent amount allocated to the Partnership through the restoration account, and which was previously reflected as Partnership recovery income, may be owed to TPG if the $6,000,000 recovery level is met. As of June 30, 2019, the Partnership may owe TPG $16,296 if the $6,000,000 recovery level is achieved. TPG does not expect any future refund, as it is uncertain that such a $6,000,000 recovery level will be achieved.