Form 10-K

0001376474-15-000062.txt : 20150331 0001376474-15-000062.hdr.sgml : 20150331 20150331091857 ACCESSION NUMBER: 0001376474-15-000062 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150331 DATE AS OF CHANGE: 20150331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL TAX CREDIT INVESTORS II CENTRAL INDEX KEY: 0000859921 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510] IRS NUMBER: 931017959 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20610 FILM NUMBER: 15736871 BUSINESS ADDRESS: STREET 1: 9090 WILSHIRE BLVD 2ND FLR STREET 2: STE 201 CITY: BEVERLY HILLS STATE: CA ZIP: 90211 BUSINESS PHONE: 3102782191 MAIL ADDRESS: STREET 1: 9090 WILSHIRE BLVD SUITE 201 CITY: BEVERLY HILLS STATE: CA ZIP: 90211 10-K 1 ntci2_10k.htm FORM 10-K Form 10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 10-K

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2014

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to ___________

Commission File Number 0-20610

NATIONAL TAX CREDIT INVESTORS II

(Exact name of registrant as specified in its charter)


California	93-1017959
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

PO Box 91274

Los Angeles, California 90009

(Address of principal executive offices)

(720) 387-8135

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

None

Securities registered pursuant to Section 12(g) of the Act:

Units of Limited Partnership Interests

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X]

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes [ ] No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer £

Accelerated filer £

Non-accelerated filer £ (Do not check if a

smaller reporting company)

Smaller reporting company S

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [ ] No [X]

State the aggregate market value of the voting and non-voting partnership units held by non-affiliates computed by reference to the price at which the partnership units were last sold, or the average bid and asked price of such partnership units as of the last business day of the registrant’s most recently completed second fiscal quarter. No market exists for the limited partnership units of the Registrant, and, therefore, no aggregate market value can be determined.

DOCUMENTS INCORPORATED BY REFERENCE

None

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements in certain circumstances. Certain information included in this Annual Report contains or may contain information that is forward-looking within the meaning of the federal securities laws. Actual results may differ materially from those described in these forward-looking statements and, in addition, will be affected by a variety of risks and factors, some of which are beyond the Partnership’s control, including, without limitation: financing risks, including the availability and cost of financing and the risk that the Partnership’s cash flows from operations may be insufficient to meet required payments of principal and interest; national and local economic conditions, including the pace of job growth and the level of unemployment; the terms of governmental regulations that affect the Partnership and its investment in limited partnerships and interpretations of those regulations; the competitive environment in which the Partnership operates; real estate risks, including fluctuations in real estate values and the general economic climate in local markets and competition for residents in such markets; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; and possible environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by the limited partnerships in which the Partnership has invested. Readers should carefully review the Partnership’s financial statements and the notes thereto, as well as the other documents the Partnership files from time to time with the Securities and Exchange Commission.

PART I

Item 1.

Business

National Tax Credit Investors II (“NTCI-II” or the “Partnership”) is a limited partnership formed under the California Revised Local Partnership Act as of January 12, 1990. The Partnership was formed to invest primarily in other limited partnerships (“Local Partnerships”) which own and operate multifamily housing complexes that are eligible for low income housing federal income tax credits (the “Housing Tax Credit”). The general partner of the Partnership is National Partnership Investments, LLC (the “General Partner” or “NAPICO”), a California limited liability company. The General Partner is a subsidiary of Bethesda Holdings II, LLC, a privately held real estate asset management company (“Bethesda”). Bethesda acquired the General Partner on December 19, 2012, pursuant to an option agreement with Aimco/Bethesda Holdings, Inc., a subsidiary of Apartment Investment and Management Company (“Aimco”), a publicly traded real estate investment trust. The business of the Partnership is conducted primarily by NAPICO. The Partnership shall continue in full force and effect until December 31, 2030, unless terminated earlier pursuant to the Partnership Agreement or law.

On April 23, 1990, the Partnership offered 100,000 Units of Limited Partnership Interests (“Units”) at $1,000 per Unit through a public offering managed by Paine Webber Incorporated. The term of the offering expired on April 22, 1992, at which date a total of 72,404 Units had been sold amounting to $72,404,000 in capital contributions. Offering expenses of approximately $9,413,000 were incurred in connection with the sale of such limited partner interests. Since its initial offering, the Partnership has not received, nor are limited partners required to make additional capital contributions.

The Partnership has no employees. Services are performed for the Partnership by the General Partner and agents retained by the General Partner.

In general, an owner of a low-income housing project is entitled to receive the Housing Tax Credit in each year of a ten-year period (the "Credit Period"). The projects are subject to a minimum compliance period of not less than fifteen years (the "Compliance Period"). Tax Credits are available to the limited partners to reduce their federal

income taxes. The ability of a limited partner to utilize such credits may be restricted by the passive activity loss limitation and the general business tax credit limitation rules. NTCI-II has made capital contributions to 37 Local Partnerships.

Prior to 2011, the Partnership lost its interest in 28 Local Partnerships through the sale of the property held by the Local Partnership, foreclosure, or the sale of Partnership interests. During 2011, the Partnership sold its limited partnership interest in four of the Local Partnerships owning residential projects consisting of 237 apartment units. During 2012, the Partnership sold its limited partnership interest in one of the Local Partnerships owning residential projects consisting of 180 apartment units. During 2013, the Partnership assigned its Partnership interest in two Local Partnerships owning residential projects consisting of 139 units. As of December 31, 2014, the Partnership held limited partnership interests in two Local Partnerships located in two states. Each of these Local Partnerships owns a project that is eligible for the Housing Tax Credit. One of the Local Partnerships also benefits from government programs promoting low or moderate income housing.

The projects owned by the Local Partnerships in which NTCI-II has invested were developed by the local operating general partners (the “Local Operating General Partners”) who acquired the sites and applied for applicable mortgages and subsidies, if any. NTCI-II became the principal limited partner in these Local Partnerships pursuant to arm's-length negotiations with the Local Operating General Partners. As a limited partner, NTCI-II's liability for obligations of the Local Partnership is limited to NTCI-II’s investment. The Local Operating General Partner of the Local Partnership retains responsibility for developing, constructing, maintaining, operating and managing the Projects. Under certain circumstances, an affiliate of NAPICO or NTCI-II may act as the Local Operating General Partner. An affiliate of NAPICO, National Tax Credit Inc. II ("NTC-II") is acting either as a special limited partner or non-managing administrative general partner (the “Administrative General Partner”) of each Local Partnership in which the Partnership has an investment.

A further description of the Partnership's business is included in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" included in this Form 10-K.

Item 1A.

Risk Factors

Not applicable.

Item 2.

Properties

During 2014, most of the projects in which NTCI-II had invested were substantially rented. The following is a schedule of the occupancy status as of December 31, 2014 and 2014 of the projects owned by Local Partnerships in which NTCI-II is a limited partner.

SCHEDULE OF PROJECTS OWNED BY LOCAL PARTNERSHIPS

IN WHICH NTCI-II HAS AN INVESTMENT

DECEMBER 31, 2014



		Financed,	Occupancy
		Insured	Percentage
		and	for the Years Ended
	No. of	Subsidized	December 31,
Name and Location	Units	Under	2014	2013

Lincoln Grove Apartments
Greensboro, NC	116	--	71%	73%
Michigan Beach Apartments
Chicago, IL	239	(A)	95%	93%

(A)

The mortgage is insured by HUD.

The following table details the Partnership’s ownership percentages of the Local Partnerships and the cost of acquisition of such ownership. All interests are limited partner interests. The total mortgage and other encumbrances on each property for each of the Local Partnerships as of December 31, 2014 are also included.


	NTCI-II	Original Cost
	Percentage	of Ownership	Mortgage	Notes
Name and Location	Interest	Interest	Notes	Payable
		(in thousands)	(in thousands)	(in thousands)
Lincoln Grove Apartments
Greensboro, NC	99.00%	$ 840	$ 2,047	$ 0
Michigan Beach Apartments
Chicago, IL	98.90%	$ 1,575	$ 12,561	$ 7,224

Although each Local Partnership in which the Partnership has invested owns a project that must compete with other projects for tenants, government mortgage interest and rent subsidies make it possible for some of the Local Partnerships to rent units to eligible tenants at below market rates. In general, the Partnership believes this insulates the properties from market competition.

In October 2013, the Partnership assigned its limited partnership interest in Jamestown Terrace to an affiliate of the operating General Partner for a total of $10,000. This amount was recognized as a gain on sales of limited partnership interest in Local Partnerships during the year ended December 31, 2013 as the Partnership had no investment balance remaining at the date of the assignment.

In November 2013, the Partnership assigned its limited partnership interest in Virginia Park Meadows to an affiliate of the operating General Partner for no consideration. This agreement was subject to the Partnership paying a $3,000 transfer fee to the state of Michigan. The Partnership had no investment balance remaining as of the date of the agreement.

During September 2013, the Partnership entered into an Assignment and Assumption Agreement to assign its limited partnership interest in Michigan Beach to a third party for a total amount of $10.00. Additionally, during September 2013, the Partnership entered into a Loan Purchase Agreement with the same third party, to sell the second mortgage held by the Partnership for an amount equal to the outstanding principal on the Loan. In April 2014 and December 2014, the Partnership entered into an amendment and a second amendment to each of the Assignment and Assumption Agreement and the Loan Purchase Agreement to, among other things, extend the closing date for the transaction to December 31, 2014 and March 31, 2015, respectively. As of December 31, 2014, the outstanding principal balance on the Loan was $3,596,000. The Registrant’s investment balance in Michigan Beach was reduced to zero. The assignment and the Loan purchase are expected to close during 2015 and are subject to i) the consent of the United States Department of Housing and Urban Development and ii) the consent of Midland Loan Services, Inc. If either condition is not met prior to March 31, 2015, then the Assignment Agreement and the Loan Agreement would terminate. In the event that the closing does not timely occur due to the default by Assignee of its obligations under the Assignment Agreement or the Loan Agreement, then the Registrant will be entitled to keep the $1,000 escrow deposit made by Assignee in connection with the Loan Agreement. In the event that the closing does not timely occur due to the default by the Partnership, then the rights and obligations of both parties under both agreements terminate, except for certain indemnification rights.

Item 3.

Legal Proceedings

The General Partner is involved in various lawsuits arising from transactions in the ordinary course of business. In the opinion of management and the General Partner, the claims will not result in any material liability to the Partnership.

Item 4.

Mine Safety Disclosures

Not applicable.

PART II

Item 5.

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

The limited partnership interests (the “Units”) are not traded on a public exchange but were sold through a public offering managed by PaineWebber Incorporated. It is not anticipated that any active public market will develop for the purchase and sale of any limited partnership interest, therefore an investor may be unable to sell or otherwise dispose of his or her interest in the Partnership. A Unit may not be transferred but can be assigned only if certain requirements in the Partnership Agreement are satisfied. At December 31, 2014, there were 2,688 registered holders of 72,007 Units in the Partnership. The Partnership has invested in certain government assisted projects under programs which in many instances restrict the cash return available to project owners. The Partnership was not designed to provide cash distributions to limited partners in circumstances other than refinancing or disposition of its investments in Local Partnerships. There were no distributions from the Partnership during the years ended December 31, 2014 and 2013.

Bethesda and its affiliates owned 1,133 Units in the Partnership representing 1.57% of the outstanding Units in the Partnership at December 31, 2014. It is possible that Bethesda or its affiliates will acquire additional Units in the Partnership either through private purchases or tender offers. Pursuant to the Partnership Agreement, unitholders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Bethesda as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Bethesda as its sole stockholder.

Item 6.

Selected Financial Data

Not applicable.

Item 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

This item should be read in conjunction with the financial statements and other items contained elsewhere in this report.

The General Partner monitors developments in the area of legal and regulatory compliance.

Liquidity and Capital Resources

Some of the properties in which the Partnership has invested, through the Partnership’s investment in Local Partnerships, receive one or more forms of assistance from the Federal Government. As a result, a Local Partnership’s ability to transfer funds either to the Partnership or among the Local Partnerships in the form of cash distributions, loans or advances may be restricted by these government assistance programs. These restrictions, however, are not expected to impact the Partnership’s ability to meet its cash obligations.

As of December 31, 2014 and 2013, the Partnership had cash and cash equivalents of approximately $3,023,000 and $3,577,000, respectively. The decrease in cash and cash equivalents of approximately $554,000 was due to approximately $306,000 of cash used in investing activities for advances, and approximately $248,000 of cash used in operating activities.

The Partnership’s primary source of funds is the receipt of distributions from Local Partnerships in which the Partnership has invested. It is not expected that any of the Local Partnerships in which the Partnership invests will generate cash from operations sufficient to provide distributions to the Limited Partners in any material amount. Such cash from operations, if any, would first be used to meet operating expenses of the Local Partnership. The Partnership's investments are not readily marketable and may be affected by adverse general economic conditions which, in turn, could substantially increase the risk of operating losses for the projects, the Local Partnerships and the Partnership. These problems may result from a number of factors, many of which cannot be controlled by the General Partner.

The General Partner is not obligated to advance funds to the Partnership for operations or to fund Partnership advances to Local Partnerships, but may voluntarily do so from time to time. There were no advances received by the Partnership during the years ended December 31, 2014 and 2013. The Partnership may receive future advances of funds from the General Partner, although the General Partner is not obligated to provide such advances.

The General Partner has the right to cause distributions received by the Partnership from the Local Partnerships (that would otherwise be available for distributions as cash flow) to be dedicated to the increase or replenishment of reserves at the Partnership level. The reserves will generally be available to satisfy working capital or operating expense needs of the Partnership (including payment of partnership management fees) and will also be available to pay any excess third-party costs or expenses incurred by the Partnership in connection with the administration of the Partnership, the preparation of reports to the Limited Partners and other investor servicing obligations of the Partnership. At the discretion of the General Partner, reserves may be available for advances to the Local Partnerships.

The Partnership does not have the ability to assess Limited Partners for additional capital contributions to provide capital if needed by the Partnership or Local Partnerships. Accordingly, if circumstances arise that cause the Local Partnerships to require capital in addition to that contributed by the Partnership and any equity of the local general partners, the only sources from which such capital needs will be able to be satisfied (other than the limited reserves available at the Partnership level) will be (i) third-party debt financing (which may not be available if, as expected, the projects owned by the Local Partnerships are already substantially leveraged), (ii) other equity sources (which could adversely affect the Partnership's interest in operating cash flow and/or proceeds of sale or refinancing of the projects which would result in adverse tax consequences to the Limited Partners), or (iii) the sale or disposition of projects. There can be no assurance that any of such sources would be readily available in sufficient proportions to fund the capital requirements of the Local Partnerships. If such sources are not available, the Local Partnerships would risk foreclosure on their projects if they were unable to renegotiate the terms of their first mortgages and any other debt secured by the projects, which would have significant adverse tax consequences to the Limited Partners.

Results of Operations

The Partnership, as a limited partner, does not have a contractual relationship with the Local Partnerships or exercise control over the activities and operations, including refinancing or selling decisions of the Local Partnerships that would require or allow for consolidation. Accordingly, the Partnership accounts for its investment in the Local Partnerships using the equity method. Thus the individual investments are carried at cost plus the Partnership’s share of the Local Partnership’s profits less the Partnership’s share of the Local Partnership’s losses, distributions and impairment charges. However, since the Partnership is not legally liable for the obligations of the Local Partnerships, or is not otherwise committed to provide additional support to them, it does not recognize losses once the Partnership’s investment in each of the Local Partnerships reaches zero. Distributions from the Local Partnerships are accounted for as a reduction of the investment balance until the investment balance is reduced to zero. Subsequent distributions received are recognized as income in the statements of operations. For those investments where the Partnership has determined that the carrying value of the Partnership’s investments approximates the estimated fair value of those investments, the Partnership’s policy is to recognize equity in income of the Local Partnerships only to the extent of distributions received, and amortization of acquisition costs from those Local Partnerships. During the years ended December 31, 2014 and 2013, the Partnership recognized equity in loss of approximately $0 and $55,000, respectively, from one Local Partnership, Michigan Beach, that reduced the carrying amount of the mortgage note receivable due from the Local Partnership. There were no distributions received in 2014 or 2013.

At times, advances are made to Local Partnerships. Advances made by the Partnership to the individual Local Partnerships are considered part of the Partnership’s investment in limited partnerships. Advances made to Local Partnerships in which the investment balance has been reduced to zero are charged to expense. The Partnership made advances of approximately $306,000 and $1,344,000 to Michigan Beach during the years ended December 31, 2014 and 2013, respectively, for deferred capital needs. While not obligated to make advances to any of the Local Partnerships, the Partnership may make future advances in order to protect its economic investment in the Local Partnerships.

At December 31, 2014, the investment balance in the Local Partnerships had been reduced to zero.

The Partnership’s net loss for the years ended December 31, 2014 and 2013 was approximately $542,000 and $1,633,000, respectively. The decrease in net loss for the year ended December 31, 2014 is due to a decrease in advances made to local partnerships that are charged to expense.

A recurring Partnership expense is the annual partnership management fee. The fee, as defined in the Partnership Agreement, is payable to the General Partner and is calculated at 0.5% of the Partnership’s invested assets as of the beginning of the year. The management fee represents the annual recurring fee which will be paid to the General Partner for the General Partner’s management of the Partnership’s affairs. For the years ended December 31, 2014 and 2013, management fees were approximately $64,000 and $107,000, respectively.

Operating expenses, exclusive of the management fee, consist of legal and accounting expenses for services rendered to the Partnership, tax expense and general and administrative expenses. Legal and accounting expenses were approximately $79,000 and $83,000 for the years ended December 31, 2014 and 2013, respectively. General and administrative expenses were approximately $93,000 and $54,000 for the years ended December 31, 2014 and 2013, respectively.

The Partnership, as a limited partner in the Local Partnerships in which it has invested, is subject to the risks incident to the management and ownership of improved real estate. The Partnership investments are also subject to adverse general economic conditions, and accordingly, the status of the national economy, including substantial unemployment and concurrent inflation, could increase vacancy levels, rental payment defaults, and operating expenses, which in turn, could substantially increase the risk of operating losses for the projects.

Because of (i) the nature of the apartment complexes, (ii) the difficulty of predicting the resale market for low-income housing in the future, and (iii) the inability of the Partnership to directly cause the sale of apartment complexes by local general partners, but generally only to require such local general partners to use their respective best efforts to find a purchaser for the apartment complexes, it is not possible at this time to predict whether the liquidation of substantially all of the Partnership’s assets and the disposition of the proceeds, if any, in accordance with the Partnership Agreement will occur. If a Local Partnership is unable to sell an apartment complex, it is anticipated that the local general partner will either continue to operate such apartment complexes or take such other actions as the local general partner believes to be in the best interest of the Local Partnership.

Off-Balance Sheet Arrangements

The Partnership owns limited partnership interests in unconsolidated Local Partnerships, in which the Partnership’s

ownership percentage ranges from 98.90% to 99%. However, based on the provisions of the relevant partnership agreements, the Partnership, as a limited partner, does not have control or a contractual relationship with the Local Partnerships that would require or allow for consolidation under accounting principles generally accepted in the United States (see “Note 1 – Organization and Summary of Significant Accounting Policies” of the financial statements in “Item 8. Financial Statements and Supplementary Data”). There are no lines of credit, side agreements or any other derivative financial instruments between the Local Partnerships and the Partnership. Accordingly the Partnership’s maximum risk of loss related to these unconsolidated Local Partnerships is limited to the recorded investments in and receivables from the Local Partnerships. See “Note 2 – Investments in and Advances to Local Partnerships” of the financial statements in “Item 8. Financial Statements and Supplementary Data” for additional information about the Partnership’s investments in unconsolidated Local Partnerships.

Variable Interest Entities

The Partnership consolidates any variable interest entities in which the Partnership holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.

In determining whether it is the primary beneficiary of a VIE, the Partnership considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of the Partnership’s investment; the obligation or likelihood for the Partnership or other investors to provide financial support; and the similarity with and significance to the business activities of the Partnership and the other investors. Significant judgments related to these determinations include estimates about the current and future fair values and performance of real estate held by these VIEs and general market conditions.

At December 31, 2014 and 2013, the Partnership held variable interests in two VIEs for which the Partnership was not the primary beneficiary. The Partnership has concluded, based on its qualitative consideration of the partnership agreement, the partnership structure and the role of the general partner in each of the Local Partnerships, that the general partner of each of the Local Partnerships is the primary beneficiary of the respective Local Partnership. In making this determination, the Partnership considered the following factors:

the general partners conduct and manage the business of the Local Partnerships;

the general partners have the responsibility for and sole discretion over selecting a property management agent for the Local Partnerships’ underlying real estate properties;

the general partners are responsible for approving operating and capital budgets for the properties owned by the Local Partnerships;

the general partners are obligated to fund any recourse obligations of the Local Partnerships;

the general partners are authorized to borrow funds on behalf of the Local Partnerships; and

the Partnership, as a limited partner in each of the Local Partnerships, does not have the ability to direct or otherwise significantly influence the activities of the Local Partnerships that most significantly impact such entities’ economic performance.

the unconsolidated VIEs is limited to the Partnership’s recorded investments in and receivables from these VIEs, which was approximately $3,478,000 at December 31, 2014 and 2013. The Partnership may be subject to additional losses to the extent of any financial support that the Partnership voluntarily provides in the future.

Critical Accounting Policies and Estimates

A summary of the Partnership’s significant accounting policies is included in "Note 1 – Organization and Summary of Significant Accounting Policies" which is included in the financial statements in "Item 8. Financial Statements and Supplementary Data". The General Partner believes that the consistent application of these policies enables the Partnership to provide readers of the financial statements with useful and reliable information about the Partnership’s operating results and financial condition. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Partnership to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements as well as reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Judgments and assessments of uncertainties are required in applying the Partnership’s accounting policies in many areas. The Partnership believes that of its significant accounting policies, the following may involve a higher degree of judgment and complexity.

Method of Accounting for Investments in Limited Partnerships

The Partnership, as a limited partner, does not have a contractual relationship with the Local Partnerships or exercise control over the activities and operations, including refinancing or selling decisions, of the Local Partnerships that would require or allow for consolidation. Accordingly, the Partnership accounts for its investments in the Local Partnerships using the equity method. The Partnership is allocated profits and losses of the Local Partnerships based upon its respective ownership percentage of 98.90% to 99%. Distributions of surplus cash from operations of the Local Partnerships are restricted by the Local Partnerships’ Regulatory Agreements with the United States Department of Housing and Urban Development (“HUD”). These restrictions limit the distribution to a percentage, generally less than 10%, of the initial invested capital. The excess surplus cash is deposited into a residual receipts reserve, of which the ultimate realization by the Partnership is uncertain as HUD frequently retains it upon sale or dissolution of the Local Partnership. For the other Local Partnership, distributions of surplus cash are not restricted. The Partnership is allocated profits and losses and receives distributions from refinancings and sales in accordance with the Local Partnership’s partnership agreements. These agreements usually limit the Partnership’s distributions to an amount substantially less than its ownership percentage in the Local Partnership.

The individual investments are carried at cost plus the Partnership’s share of the Local Partnership’s profits less the Partnership’s share of the Local Partnership’s losses, distributions and impairment charges. See “Item 8. Financial Statements and Supplementary Data – Note 1 – Organization and Summary of Significant Accounting Policies” for a description of the Partnership’s impairment policy. The Partnership is not legally liable for the obligations of the Local Partnerships and is not otherwise committed to provide additional support to them. Therefore, it does not recognize losses once the Partnership’s investment in each of the Local Partnerships reaches zero. Distributions from the Local Partnerships are accounted for as a reduction of the investment balance until the investment balance is reduced to zero. When the investment balance has been reduced to zero, subsequent distributions received are recognized as income in the statements of operations.

For those investments where the Partnership has determined that the carrying value of the Partnership’s investments approximates the estimated fair value of those investments, the Partnership’s policy is to recognize equity in income of the Local Partnerships only to the extent of distributions received and amortization of acquisition costs from those Local Partnerships. Therefore, the Partnership limits its recognition of equity earnings to the amount the Partnership expects to ultimately realize.

Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 8.

Financial Statements and Supplementary Data

NATIONAL TAX CREDIT INVESTORS II

LIST OF FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm

Balance Sheets – December 31, 2014 and 2013

Statements of Operations – Years ended December 31, 2014 and 2013

Statements of Changes in Partners’ Capital (Deficiency) – Years ended December 31, 2014 and 2013

Statements of Cash Flows – Years ended December 31, 2014 and 2013

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

The Partners

National Tax Credit Investors II

We have audited the accompanying balance sheets of National Tax Credit Investors II as of December 31, 2014 and 2013, and the related statements of operations, changes in partners' capital(deficiency) and cash flows for the years ended December 31, 2014 and 2013. These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Partnership’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Partnership’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, based on our audit, the financial statements referred to above present fairly, in all material respects, the financial position of National Tax Credit Investors II at December 31, 2014 and 2013, and the results of its operations and its cash flows for the years ended December 31, 2014 and 2013, in conformity with U.S. generally accepted accounting principles.

[ntci2_10k002.gif]

Destin, Florida

March 31, 2015

NATIONAL TAX CREDIT INVESTORS II

BALANCE SHEETS

(In thousands)


	December 31,
	2014	2013
ASSETS

Cash and cash equivalents	$ 3,023	$ 3,577
Mortgage note receivable	3,478	3,478
Accounts receivable – limited partners	181	181
Other assets	54	54
Total assets	$ 6,736	$ 7,290

LIABILITIES AND PARTNERS' CAPITAL (DEFICIENCY)

Liabilities:
Accounts payable and accrued expenses	$ 20	$ 32

Partners' capital (deficiency):
General partner	(561)	(556)
Limited partners	7,277	7,814
Total partners’ capital (deficiency)	6,716	7,258
Total liabilities and partners' capital (deficiency)	$ 6,736	$ 7,290

See Accompanying Notes to Financial Statements

NATIONAL TAX CREDIT INVESTORS II

STATEMENTS OF OPERATIONS

(In thousands, except per interest data)


	Years Ended
	December 31,
	2014	2013

Revenues
Interest income	$ --	$ --
Other income	--	--
Total revenues

Operating expenses:
Management fees – General Partner	64	107
General and administrative	93	54
Legal and accounting	79	83
Total operating expenses	236	244

Loss from partnership operations	(236)	(244)
Gain on sales of limited partnership interests
In Local Partnerships	--	10
Advance recognized as expense as income (loss)	(306)	(1,344)
Equity in loss of Local Partnerships	--	(55)

Net income (loss)	$ (542)	$ (1,633)

Net income (loss) allocated to general partners (1%)	$ (5)	$ (16)
Net income (loss) allocated to limited partners (99%)	$ (537)	$ (1,617)

Net income (loss) per limited partnership interest	$ (7.46)	$ (22.45)

See Accompanying Notes to Financial Statements

NATIONAL TAX CREDIT INVESTORS II

STATEMENTS OF CHANGES IN PARTNERS'(DEFICIENCY) CAPITAL

(In thousands)



	General	Limited
	Partners	Partners	Total

Partners' capital (deficiency), January 1, 2013	$ (540)	$ 9,431	$ 8,891

Net income (loss) for the year ended December 31, 2013	(16)	(1,617)	(1,633)

Partners' capital (deficiency), December 31, 2013	(556)	7,814	7,258

Net income (loss) for the year ended December 31, 2014	(5)	(537)	(542)

Partners’ capital (deficiency), December 31, 2014	$ (561)	$ 7,277	$ 6,716

See Accompanying Notes to Financial Statements

NATIONAL TAX CREDIT INVESTORS II

STATEMENTS OF CASH FLOWS

(In thousands)


	Years Ended
	December 31,
	2014	2013

Cash flows from operating activities:
Net income (loss)	$ (542)	$ (1,633)
Adjustments to reconcile net income to net cash used in operating activities:
Gain from sales of limited partnership
interests in Local Partnerships	--	(10)
Advances made to Local Partnerships recognized as expense	306	1,344
Equity in loss of Local Partnerships		55
Change in accounts:
Accounts payable and accrued expenses	(12)	(8)
Net cash (used in)operating activities	(248)	(252)

Cash flows from investing activities:
Advance to Local Partnership	(306)	(1,344)
Proceeds from sales of limited partnership interests in Local Partnerships	--	10
Net cash provided by investing activities	(306)	(1,334)

Net increase (decrease) in cash and cash equivalents	(554)	(1,586)
Cash and cash equivalents, beginning of year	3,577	5,163
Cash and cash equivalents, end of year	$ 3,023	$ 3,577

See Accompanying Notes to Financial Statements

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2014

Note 1 - Organization and Summary of Significant Accounting Policies

Organization

National Tax Credit Investors II (“NTCI II” or the “Partnership”) is a limited partnership formed under the California Revised Local Partnership Act as of January 12, 1990. The Partnership was formed to invest primarily in other limited partnerships (“Local Partnerships”) which own and operate multifamily housing complexes that are eligible for low income housing federal income tax credits (the “Housing Tax Credit”). The general partner of the Partnership is National Partnership Investments, LLC (the “General Partner” or “NAPICO”), a California limited liability company. The General Partner is a subsidiary of Bethesda Holdings II, LLC, a privately held real estate asset management company (“Bethesda”). Bethesda acquired the General Partner on December 19, 2012, pursuant to an option agreement with Aimco/Bethesda Holdings, Inc., a subsidiary of Apartment Investment and Management Company (“Aimco”), a publicly traded real estate investment trust. The business of NTCI II is conducted primarily by NAPICO. The Partnership shall continue in full force and effect until December 31, 2030, unless terminated earlier pursuant to the Partnership Agreement or law.

The General Partner has a one percent interest in operating profits and losses of the Partnership. The limited partners will be allocated the remaining 99 percent interest in proportion to their respective investments.

Upon total or partial liquidation of the Partnership or the disposition or partial disposition of a project or project interest and distribution of the proceeds, the General Partner will be entitled to a property disposition fee as mentioned in the partnership agreement. The limited partners will have a priority item equal to their invested capital plus 6 percent priority return as defined in the partnership agreement. This property disposition fee may accrue but shall not be paid until the limited partners have received distributions equal to 100 percent of their capital contributions plus the 6 percent priority return. No disposition fees have been paid or accrued.

At December 31, 2014 and 2013, the Partnership had outstanding 72,007 and 72,017 limited partnership interests, respectively.

Basis of Presentation

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits.

Method of Accounting for Investments in Local Partnerships

The investments in Local Partnerships are accounted for using the equity method. Acquisition fees, selection fees and other costs related to the acquisition of the projects have been capitalized as part of the investment account and are being amortized by the straight line method over the estimated lives of the underlying assets, which is generally 30 years.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 1 - Organization and Summary of Significant Accounting Policies (continued)

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Net Income (loss)and distribution Per Limited Partnership Interest

Net income (loss) per limited partnership interest and distribution per limited partnership interest was computed by dividing the limited partners' share of net income (loss) and distributions by the number of limited partnership interests outstanding at the beginning of the year. The number of limited partnership interests used was 72,017 and 72,032 for the years ended December 31, 2014 and 2013, respectively.

Abandoned Interests

During 2014 and 2013, the number of limited partnership interests decreased by 10 and 15 units, respectively, due to limited partners abandoning their interests. In abandoning his or her partnership interests, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

Mortgage Note Receivable

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Partnership has recorded its mortgage note receivable at December 31, 2014 and December 31, 2013 at the amount at which the Partnership ultimately expects to receive. See “Note 3 – Mortgage Note Receivable” for further information.

Impairment of Long-Lived Assets

The Partnership reviews long-lived assets to determine if there has been any impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the sum of the expected future cash flows is less than the carrying amount of the assets, the Partnership recognizes an impairment loss. There were no impairment losses recognized during the years ended December 31, 2014 and 2013.

Fair Value of Financial Instruments

Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. At December 31, 2014, the Partnership believes that the carrying amount of other assets and liabilities reported on the balance sheet that require such disclosure approximated their fair value due to the short-term maturity of these instruments.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 1 - Organization and Summary of Significant Accounting Policies (continued)

Segment Reporting

ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

Variable Interest Entities

the general partners conduct and manage the business of the Local Partnerships;

the general partners have the responsibility for and sole discretion over selecting a property management agent for the Local Partnerships’ underlying real estate properties;

the general partners are responsible for approving operating and capital budgets for the properties owned by the Local Partnerships;

the general partners are obligated to fund any recourse obligations of the Local Partnerships;

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 1 - Organization and Summary of Significant Accounting Policies (continued)

the general partners are authorized to borrow funds on behalf of the Local Partnerships; and

The two VIEs at December 31, 2014 consisted of Local Partnerships that were directly engaged in the ownership and management of two apartment properties with a total of 355 units. The Partnership is involved with those VIEs as a non-controlling limited partner equity holder. The Partnership’s maximum exposure to loss as a result of its involvement with the unconsolidated VIEs is limited to the Partnership’s recorded investments in and receivables from these VIEs, which was approximately $3,478,000 at December 31, 2014 and 2013. The Partnership may be subject to additional losses to the extent of any financial support that the Partnership voluntarily provides in the future.

Note 2 - Investments In and Advances to Local Partnerships

As of December 31, 2014 and 2013, the Partnership holds limited partnership interests in two Local Partnerships, located in two states. As a limited partner of the Local Partnerships, the Partnership does not have authority over day-to-day management of the Local Partnerships or their properties (the "Apartment Complexes"). The general partners responsible for management of the Local Partnerships (the "Local Operating General Partners") are not affiliated with the General Partner of the Partnership, except as discussed below.

At December 31, 2014 and 2013, the Local Partnerships own residential projects consisting of 355 apartment units. During the year ended December 31, 2013, the Partnership sold its limited partnership interest in two of the Local Partnerships owning residential projects consisting of 139 apartment units.

The projects owned by the Local Partnerships in which the Partnership has invested were developed by the Local Operating General Partners who acquired the sites and applied for applicable mortgages and subsidies, if any. The Partnership became the principal limited partner in these Local Partnerships pursuant to arm's-length negotiations with the Local Operating General Partners. As a limited partner, the Partnership’s liability for obligations of the Local Partnerships is limited to its investment. The Local Operating General Partner of the Local Partnerships retains responsibility for developing, constructing, maintaining, operating and managing the Projects. Under certain circumstances, an affiliate of NAPICO or the Partnership may act as the Local Operating General Partner. An affiliate of NAPICO, National Tax Credit Inc. II ("NTC-II") is acting either as a special limited partner or non-managing administrative general partner (the “Administrative General Partner”) of each Local Partnership in which the Partnership had an investment.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 2 - Investments In and Advances to Local Partnerships (continued)

The individual investments are carried at cost plus the Partnership’s share of the Local Partnership’s profits less the Partnership’s share of the Local Partnership’s losses, distributions and impairment charges. See “Note 1 – Organization and Summary of Significant Accounting Policies” for a description of the impairment policy. The Partnership is not legally liable for the obligations of the Local Partnerships and is not otherwise committed to provide additional support to them. Therefore, the Partnership does not recognize losses once the Partnership’s investment in each of the Local Partnerships reaches zero. Distributions from the Local Partnerships are accounted for as a reduction of the investment balance until the investment balance is reduced to zero. When the investment balance has been reduced to zero, subsequent distributions received are recognized as income in the accompanying statements of operations. During the year ended December 31, 2014 and 2013, there were no such distributions received.

In October 2013, the Partnership assigned its limited partnership interest in Jamestown Terrace to an affiliate of the Local Operating General Partner for a total of $10,000. This amount was recognized as a gain on sales of limited partnership interest in Local Partnerships during the year ended December 31, 2013 as the Partnership had no investment balance remaining at the date of the assignment.

In November 2013, the Partnership assigned its limited partnership interest in Virginia Park Meadows to an affiliate of the Local Operating General Partner for no consideration. This agreement was subject to the Partnership paying a $3,000 transfer fee to the state of Michigan. The Partnership had no investment balance remaining as of the date of the agreement.

As of December 31, 2014 and 2013, the investment balance in one of the two Local Partnerships had been reduced to zero. The Partnership’s remaining investment balance relates to the mortgage note receivable, which is discussed in “Note 3 – Mortgage Note Receivable”.

At times, advances are made to Local Partnerships. Advances made by the Partnership to the individual Local Partnerships

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

are considered part of the Partnership’s investment in limited partnerships. Advances made to Local Partnerships in which the investment balance has been reduced to zero are charged to expense. The Partnership made advances of approximately $306,000 and $1,344,000 to Michigan Beach during the years ended December 31, 2014 and 2013, respectively, for deferred capital needs. While not obligated to make advances to any of the Local Partnerships, the Partnership may make future advances in order to protect its economic investment in the Local Partnerships.

The difference between the investment per the accompanying balance sheets at December 31, 2014 and 2013 and the equity per the Local Partnerships' condensed combined financial statements is due primarily to cumulative unrecognized equity in losses of certain Local Partnerships, costs capitalized to the investment account, and cumulative distributions recognized as income.

The Partnership’s value of its investments and its equity in the income/loss and/or distributions from the Local Partnerships are, for certain Local Partnerships, individually, not material to the overall financial position of the Partnership. The financial information from the unaudited condensed combined financial statements of such Local Partnerships at December 31, 2014 and 2013 and for each of the two years in the period then ended is presented below. The Partnership’s value of its investment in Michigan Beach Limited Partnership, (the “Material Investee”) is considered material to the Partnership’s financial position and amounts included below for the Material Investee are included on an audited basis.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 2 - Investments In and Advances to Local Partnerships (continued)

The following are estimated unaudited condensed combined statements of operations for the years ended December 31, 2014 and 2013 for the Local Partnerships in which the Partnership has investments. The 2013 amounts exclude Jamestown and Virginia Park, for which the Partnership assigned its limited partnership interest in October 2013.


Condensed Combined Balance Sheets of the Local Partnerships
(in thousands)
	December 31, 2014
	Unaudited	Material Investee	Total

Assets:
Land	$ 112	$ 1,013	$ 1,125
Building and improvements	4,109	10,599	14,708
Accumulated depreciation	(2,462)	(4,821)	(7,283)
Other assets	37	595	632
Total assets	$ 1,796	$ 7,386	$ 9,182

Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable and interest	$ 2,047	$ 19,785	$ 21,832
Other liabilities	277	366	643
Partners’ deficit	(528)	(12,765)	(13,293)

Total liabilities and partners' deficit	$ 1,796	$ 7,386	$ 9,182


Condensed Combined Balance Sheets of the Local Partnerships
(in thousands)
	December 31, 2013
	Unaudited	Material Investee	Total

Assets:
Land	$ 112	$ 1,010	$ 1,122
Building and improvements	4,109	9,751	13,860
Accumulated depreciation	(2,355)	(4,393)	(6,748)
Other assets	67	588	655
Total assets	$ 1,933	$ 6,956	$ 8,889

Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable and interest	$ 2,047	$ 19,046	$ 21,093
Other liabilities	284	422	706
Partners’ deficit	(398)	(12,512)	(12,910)

Total liabilities and partners' deficit	$ 1,933	$ 6,956	$ 8,889

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 2 - Investments In and Advances to Local Partnerships (continued)


Condensed Combined Results of Operations of the Local Partnerships
(in thousands)
	December 31, 2014
	Unaudited	Material Investee	Total

Rental and other	$ 412	$ 2,708	$ 3,120

Expenses:
Operating expenses	413	1,882	2,295
Interest and entity expenses	24	645	669

Depreciation and amortization	107	434	541
Total expenses	544	2,961	3,505

Income (loss) from continuing operations	$ (132)	$ (253)	$ (385)


Condensed Combined Results of Operations of the Local Partnerships
(in thousands)
	December 31, 2013
	Unaudited	Material Investee	Total

Rental and other	$ 430	$ 2,433	$ 2,863

Expenses:
Operating expenses	384	1,648	2,032
Interest and entity expenses	24	599	623

Depreciation and amortization	114	430	544
Total expenses	522	2,677	3,199

Income (loss) from continuing operations	$ (92)	$ (244)	$ (336)

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Real Estate and Accumulated Depreciation of Local Partnerships

The following tables exclude the Local Partnerships sold in 2014 and 2013 as described above.

(1) Schedule of Encumbrances and Investment Properties (all amounts unaudited except for those amounts relative to the Material Investee and are the gross amounts at which carried at December 31, 2014) (in thousands):


Description	Encumbrances	Land	Buildings And Related Personal Property	Total	Accumulated Depreciation
Lincoln Grove	$ 2,047	$ 112	$ 4,109	$ 4,221	$ 2,462
Michigan Beach	19,785	1,013	10,599	11,612	4,821
Total	$ 21,832	$ 1,125	$ 14,708	$ 15,833	$ 7,283


(2) Reconciliation of real estate (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands):

	December 31, 2014
	Unaudited	Material Investee	Total

Real Estate:
Balance at beginning of year	$ 4,221	$ 10,761	$ 14,982
Improvements	0	851	851
Balance at end of year	$ 4,221	$ 11,612	$ 15,833


	December 31, 2013
	Unaudited	Material Investee	Total

Real Estate:
Balance at beginning of year	$ 4,210	$ 9,065	$ 13,275
Improvements	11	1,696	1,707
Balance at end of year	$ 4,221	$ 10,761	$ 14,982

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 2 - Investments In and Advances to Local Partnerships (continued)


(3) Reconciliation of accumulated depreciation (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands):

	December 31, 2014
	Unaudited	Material Investee	Total

Accumulated depreciation:
Balance at beginning of year	$ 2,355	$ 4,393	$ 6,748
Depreciation expense	107	428	535
Balance at end of year	$ 2,462	$ 4,821	$ 7,283


	December 31, 2013
	Unaudited	Material Investee	Total

Accumulated depreciation:
Balance at beginning of year	$ 2,241	$ 3,967	$ 6,208
Depreciation expense	114	426	540
Balance at end of year	$ 2,355	$ 4,393	$ 6,748

An affiliate of the General Partner is currently the Local Operating General Partner in one of the Partnership’s two Local Partnerships included above.

Note 3 – Mortgage Note Receivable

On May 30, 2006, the Partnership purchased the second mortgage for a Local Partnership, Michigan Beach, from the second mortgage holder, PAMI Midatlantic, LLC (“PAMI”) for a purchase price of $4,320,000. The second mortgage had a principal balance of approximately $3,596,000 and accrued interest outstanding at the time of the purchase. PAMI had filed an action for foreclosure and the appointment of a receiver for the alleged failure to make surplus cash payments and provide required financial reporting. As a result of the purchase, the Partnership was substituted in place of PAMI in the foreclosure action and then the Partnership dismissed the foreclosure action with prejudice on June 9, 2006. The Partnership is the sole limited partner in Michigan Beach.

The second mortgage accrues interest at a fixed rate of 6.11%. Semiannual payments from 50% of surplus cash are required and the note matures in July of 2031. There is an option to the noteholder to accelerate maturity of the second mortgage after October of 2008. There have been no payments made on the loan. The Partnership recognized approximately $0 and $55,000 in equity in loss from Michigan Beach during the years ended December 31, 2014 and 2013, respectively, and reduced the carrying value of the mortgage note receivable. With respect to the second mortgage from Michigan Beach, the Partnership has fully reserved any accrued interest.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED


The following is a summary of the mortgage note receivable activity for the years ended December 31, 2014 and 2013 (in thousands):
	2014	2013
Mortgage note receivable balance, beginning of year	$ 3,478	$ 3,533
Equity in losses of Local Partnership	--	(55)
Mortgage note receivable balance, end of year	$ 3,478	$ 3,478

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 4 – Transactions with Affiliated Parties

Under the terms of its Partnership Agreement, the Partnership is obligated to the General Partner for the following fees:

(a)

An annual Partnership management fee in an amount equal to 0.5 percent of invested assets (as defined in the Partnership Agreement) at the beginning of the year is payable to the General Partner. For the years ended December 31, 2014 and 2013, partnership management fees in the amount of approximately $64,000 and $107,000, respectively, were recorded as an expense.

(b)

A property disposition fee is payable to the General Partner in an amount equal to the lesser of (i) one-half of the competitive real estate commission that would have been charged by unaffiliated third parties providing comparable services in the area where the apartment complex is located, or (ii) 3 percent of the sale price received in connection with the sale or disposition of the apartment complex or local partnership interest, but in no event will the property disposition fee and all amounts payable to unaffiliated real estate brokers in connection with any such sale exceed in the aggregate, the lesser of the competitive rate (as described above) or 6 percent of such sale price. Receipt of the property disposition fee will be subordinated to the distribution of sale or refinancing proceeds by the Partnership until the limited partners have received distributions of sale or refinancing proceeds in an aggregate amount equal to (i) their 6 percent priority return for any year not theretofore satisfied (as defined in the Partnership Agreement) and (ii) an amount equal to the aggregate adjusted investment (as defined in the Partnership Agreement) of the limited partners. No disposition fees have been paid or accrued.

(c)

The Partnership reimburses NAPICO for certain expenses. The reimbursement to NAPICO was approximately $29,000 for the years ended December 31, 2014 and 2013, and is included in general and administrative expenses.

NTC-II is typically either a special limited partner or an administrative general partner in each Local Partnership in which the Partnership has an investment.

The General Partner is not obligated to advance funds to the Partnership for operations or to fund Partnership advances to Local Partnerships, but may voluntarily do so from time to time. There were no advances received by the Partnership during the years ended December 31, 2014 and 2013. The Partnership may receive future advances of funds from the General Partner although the General Partner is not obligated to provide such advances.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 4 – Transactions with Affiliated Parties - continued

remove the General Partner. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Bethesda as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Bethesda as its sole stockholder.

Note 5 - Income Taxes

The Partnership is not taxed on its income. The partners are taxed in their individual capacities based upon their distributive share of the Partnership's taxable income or loss and are allowed the benefits to be derived from off-setting their distributive share of the tax losses against taxable income from other sources subject to passive loss limitations. The taxable income or loss differs from amounts included in the statements of operations because different methods are used in determining the losses of the Local Partnerships as discussed below. The taxable income or loss is allocated to the partner groups in accordance with Section 704(b) of the Internal Revenue Code and therefore is not necessarily proportionate to the interest percentage owned.


A reconciliation between the Partnership’s reported net income and the net income (loss) per tax return follows (in thousands, except per limited partnership interest):

	Years Ended December 31,
	2014	2013

Net income (loss) per financial statements	$ (542)	$ (1,633)
Investment in Local Partnerships	1,094	4,903
Net income (loss) per tax return	$ 552	$ 3,270
Net income (loss) per limited partnership interest	$ 7.59	$ 44.95


The following is a reconciliation between the Partnership’s reported amounts and the Federal tax basis of net assets at December 31, 2014 and 2013 (in thousands):
	2014	2013

Net assets as reported	$ 6,716		$ 7,258
Add (deduct):
Deferred offering costs and intangibles	12,323		12,500
Investment in Local Partnerships	(7,907)		(8,073)
Other	95		95
Net assets – Federal tax basis	$ 11,227		$ 11,780

The Partnership was subject to a New Jersey tax based upon the number of resident and non-resident limited partners and apportionment of income related to the Partnership’s investment in certain Local Partnerships. For the year ended December 31, 2012 the expense related to this tax is reflected in tax expense in the accompanying statements of operations. During the year ended December 31, 2012, the Partnership paid approximately $66,000 as a required deposit for estimated 2012 New Jersey taxes, which was based on half of the previous year’s taxes. However, the Partnership’s estimate of the actual tax due for 2012 was approximately $12,000. The remaining balance paid of approximately $54,000 is reflected as another asset on the accompanying balance sheet at December 31, 2014 and 2013. As a result of the sale of Countryside during 2012, the Partnership is no longer subject to pay New Jersey taxes.

NATIONAL TAX CREDIT INVESTORS II

NOTES TO FINANCIAL STATEMENTS - CONTINUED

Note 6 - Contingencies

Note 7 - Subsequent Events

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

Item 9.

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Effective June 7, 2013, the Registrant dismissed its prior independent registered public accounting firm, Ernst & Young LLP and retained as its new independent registered public accounting firm, Carter & Company, CPA, LLC. The reports of Ernst & Young LLP on the financial statements of the Registrant as of and for the years ended December 31, 2012 and 2011 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. The decision to change independent accountants was approved by the board of directors of the Managing General Partner of the Partnership. During the two fiscal years ended 2012 and through June 7, 2013, there were no disagreements with Ernst & Young LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreements if not resolved to the satisfaction of Ernst & Young LLP, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the Partnership's financial statements for the fiscal years ended December 31, 2012 and 2011.

Effective June 7, 2013, the Registrant engaged Carter & Company, CPA, LLC as its independent registered public accounting firm. During the Partnership's two fiscal years ended December 31, 2012 and the subsequent interim period through June 7, 2013, the Registrant did not consult with Carter & Company, CPA, LLC with respect to the application of accounting principles to a specialized transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Partnership's financial statements, or any other matters or reportable events as set forth in Items 304(a)(2) of Regulation S-K.

Item 9A.

Controls and Procedures

(a)

Disclosure Controls and Procedures

The Partnership’s management, with the participation of the Senior Managing Director and VP of Finance/CFO of National Partnership Investments, LLC, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, has evaluated the effectiveness of the Partnership’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the Senior Managing Director and VP of Finance/CFO of National Partnership Investments, LLC, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, have concluded that, as of the end of such period, the Partnership’s disclosure controls and procedures are effective.

Management’s Report on Internal Control Over Financial Reporting

The Partnership’s management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act as a process designed by, or under the supervision of, the Senior Managing Director and Director of Reporting of Bethesda, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, and effected by the Partnership’s management and other personnel, including third-party public accountants engaged by Bethesda to provide such services, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets;

provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of the Partnership’s management; and

provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

The Partnership’s management assessed the effectiveness of the Partnership’s internal control over financial reporting as of December 31, 2014. In making this assessment, the Partnership’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework.

Based on the Partnership’s management’s assessment, the Partnership’s management concluded that, as of December 31, 2014, the Partnership’s internal control over financial reporting is effective.

This annual report does not include an attestation report of the Partnership’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Partnership’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Partnership to provide only management’s report in this annual report.

(b)

Changes in Internal Control Over Financial Reporting

There has been no change in the Partnership’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth quarter of 2014 that has materially affected, or is reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

Item 9B.

Other Information

None.

PART III

Item 10.

Directors, Executive Officers, and Corporate Governance.

National Tax Credit Investors II (the “Partnership” or the “Registrant”) has no directors. The general partner responsible for conducting the business of the Partnership is National Partnership Investments, LLC, a California limited liability company (“NAPICO” or the “General Partner”).

The names and ages of, as well as the positions and offices held by, the present officers of NAPICO are set forth below: The General Partner manages and controls substantially all of the Partnership’s affairs and has general responsibility and ultimate authority in all matters affecting its business. There are no family relationships between or among any officers.


Name	Age	Position
Brian Flaherty	46	Senior Managing Director
Joseph Dryden	53	VP of Finance/CFO

Brian Flaherty is the Senior Managing Director of the General Partner and Bethesda Holdings II, LLC and has served as the equivalent of the chief executive officer of the Partnership since December 19, 2012. In February 2012, Mr. Flaherty was appointed to Senior Managing Director with McGrath Investment Management, LLC with responsibilities for asset management and transactions. Previously, Mr. Flaherty served in various positions at Aimco, which he joined in 2002, most recently serving as Senior Vice President with responsibilities for asset management and transactions, from January 2009 to February 2012, and in various acquisition, asset management, and disposition functions within Aimco covering both conventional and affordable portfolios from 2002 through 2012. Prior to joining Aimco, Mr. Flaherty was Vice President of Acquisitions for NAPICO, responsible for originating, structuring, and underwriting equity investments in multi-family Low Income Housing Tax Credit Projects.

Mr. Joseph Dryden is the VP of Finance/CFO of the general partner of the Partnership and of Bethesda Holdings, II, LLC, and the Chief Financial Officer of the Partnership since October 3, 2013. Since August 2013, Mr. Dryden has worked with McGrath Investment Management, LLC, most recently as CFO. Mr. Dryden joins the Partnership from Republic-Financial, a multinational finance and private equity firm he joined in March 2010, where he served as Republic’s Corporate Controller. As the Corporate Controller, Mr. Dryden was responsible for the development and management of highly complex multi-level consolidated audited financial statements. Prior to Republic, Mr. Dryden was the CFO for Decision Display, a Denver based audio visual company specializing in high tech command centers and control rooms he joined in 2005. In this role Mr. Dryden was responsible for all accounting and finance functions including all financial reporting, detailed cash management and forecasting and also managed the company’s banking relationships. Additionally, from 2007 to 2010 Mr. Dryden was the President of Dryden Consulting, an accounting and management consulting firm specializing in GAAP and SEC reporting, internal and external audit assistance and Sarbanes-Oxley compliance. Dryden Consulting’s client list included 1st Data, AIMCO, Crocs, Woodward Governor, McData, and several other large publicly traded companies. Mr. Dryden’s expertise in GAAP financial reporting, SEC reporting, cash management and process improvement will enable him to create immediate value for the company. Mr. Dryden received a Bachelor of Arts Degree in Accounting from Clarke University in 1984.

The Registrant is not aware of the involvement in any legal proceedings with respect to the executive officers listed in this Item 10.

The General Partner does not have a separate audit committee. As such, the officers of the General Partner fulfill the functions of an audit committee. The General Partner has determined that Joseph Dryden meets the requirement of an "audit committee financial expert".

The Partnership has adopted a code of ethics that is attached hereto as Exhibit 14.

Item 11.

Executive Compensation

None of the officers received any remuneration from the Partnership for the year ended December 31, 2014.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related

Stockholder Matters

(a)

Security Ownership of Certain Beneficial Owners

The General Partner owns all of the outstanding general partnership interests of the Partnership. One person controlling three entities is known to own beneficially in excess of 5 percent of the outstanding limited partnership interests.


Entity	Units	Percentage
Bethesda Holdings II, LLC	1,133	1.57%
Ira J. Gaines	4,569	6.35%

(b)

None of the officers of the General Partner own directly or beneficially any limited partnership interests in the Partnership.

Item 13.

Certain Relationships and Related Transactions, and Director Independence

Under the terms of its Partnership Agreement, the Partnership is obligated to the General Partner for the following fees:

(a)

(b)

A property disposition fee is payable to the General Partner in an amount equal to the lesser of (i) one-half of the competitive real estate commission that would have been charged by unaffiliated third parties providing comparable services in the area where the apartment complex is located, or (ii) 3 percent of the sale price received in connection with the sale or disposition of the apartment complex or local partnership interest, but in no event will the property disposition fee and all amounts payable to unaffiliated real estate brokers in connection with any such sale exceed in the aggregate, the lesser of the competitive rate (as described above) or 6 percent of such sale price. Receipt of the property disposition fee will be subordinated to the distribution of sale or refinancing proceeds by the Partnership until the limited partners have received distributions of sale or refinancing proceeds in an aggregate amount equal to (i) their 6 percent priority return for any year not theretofore satisfied (as defined in the partnership agreement) and (ii) an amount equal to the aggregate adjusted investment (as defined in the Partnership Agreement) of the limited partners. No disposition fees have been paid or accrued.

(c)

NTC-II is typically either a special limited partner or an administrative general partner in each Local Partnership in which the Partnership has an investment.

Bethesda and its affiliates owned 1,133 limited partnership interests (the "Units") in the Partnership representing 1.57% of the outstanding Units in the Partnership at December 31, 2014. It is possible that Bethesda or its affiliates will acquire additional Units in the Partnership either through private purchases or tender offers. Pursuant to the Partnership Agreement, unitholders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Bethesda as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Bethesda as its sole stockholder.

The General Partner has no directors.

Item 14.

Principal Accounting Fees and Services

Ernst & Young LLP was previously the independent registered public accounting firm for the Partnership. On June 7, 2013, that firm was dismissed and Carter & Company CPA, LLC was engaged as independent auditors for the year ended December 31, 2013. The managing General Partner has reappointed Carter & Company, CPA, LLC as independent auditors to audit the financial statements of the Partnership for 2014. The aggregate fees billed for services rendered for 2014 and 2013 are described below:

Audit Fees. Fees for audit services totaled approximately $14,500 and $20,000 for 2014 and 2013, respectively. Fees for audit services also include fees for the reviews of the Partnership’s Quarterly Reports on Form 10-Q.

Tax Fees. Fees for tax services totaled approximately $10,000 and $10,000 for 2014 and 2013, respectively.

PART IV

Item 15.

Exhibits, Financial Statement Schedules

(a)

The following financial statements of the Partnership are included in Item 8:

Balance Sheets - December 31, 2014 and 2013.

Statements of Operations - Years ended December 31, 2014 and 2013.

Statements of Changes in Partners' (Deficiency) Capital - Years ended December 31, 2014 and 2013.

Statements of Cash Flows - Years ended December 31, 2014 and 2013.

Notes to Financial Statements.

Schedules are omitted for the reason that they are inapplicable or equivalent information has been included elsewhere herein.

(b)

Exhibits:

See Exhibit Index.

The agreements included as exhibits to this Form 10-K contain representations and warranties by each of the parties to each applicable agreement. These representations and warranties have been made solely for the benefit of the other parties to the applicable agreement and:

should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;

have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;

may apply standards of materiality in a way that is different from what may be viewed as material to an investor; and

were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.

Accordingly, such representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. The Partnership acknowledges that, notwithstanding the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of material information regarding material contractual provisions are required to make the statements in this Form 10-K not misleading. Additional information about the Partnership may be found elsewhere in this Form 10-K and the Partnership’s other public filings, which are available without charge through the SEC’s website at http://www.sec.gov.

SIGNATURES

Pursuant to the requirements of Section 13 or Section 15(d) the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	NATIONAL TAX CREDIT INVESTORS II
	(a California limited partnership)

	By: NATIONAL PARTNERSHIP INVESTMENTS, LLC.
	General Partner

Date: March 31,2015	By: /s/Brian Flaherty
	Brian Flaherty
	Senior Managing Director

Date: March 31, 2015	By: /s/Joseph Dryden
	Joseph Dryden
	VP of Finance/CFO

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


/s/Brian Flaherty	Senior Managing Director	Date: March 31, 2015
Brian Flaherty

/s/Joseph Dryden	VP of Finance/CFO	Date: March 31, 2015
Joseph Dryden

NATIONAL TAX CREDIT INVESTORS II

EXHIBIT INDEX

Exhibit

Description of Exhibit

Partnership Agreement (herein incorporated by reference to the Partnership's Form S-11 Registration No. 33-27658)

Loan Sale Agreement between Pami Midatlantic LLC, a Delaware limited liability company and National Tax Credit Investors II, a California limited partnership dated May 30, 2006. Incorporated by reference to the Partnership’s Current Report on Form 8-K dated May 30, 2006.

Code of Ethics of National Tax Credit Investors II. Incorporated by reference to the Partnership's Annual Report on Form 10-K dated April 1, 2013.

31.1

Certification of equivalent of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

Certification of equivalent of Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification of the equivalent of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101

XBRL (Extensible Business Reporting Language). The following materials from National Tax Credit Investors II’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, formatted in XBRL: (i) balance sheets, (ii) statements of operations, (iii) statements of changes in partners’ (deficiency) capital, (iv) statements of cash flows, and (v) notes to financial statements (1)

(1)

As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.

EX-31.1 2 ntci2_ex31z1.htm CERTIFICATION Certification

Exhibit 31.1

CERTIFICATION

I, Brian Flaherty, certify that:

I have reviewed this annual report on Form 10-K of National Tax Credit Investors II;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 31, 2015

/s/Brian Flaherty

Brian Flaherty

Senior Managing Director of National Partnership Investments, LLC, equivalent of the chief executive officer of the Partnership

EX-31.2 3 ntci2_ex31z2.htm CERTIFICATION Certification

Exhibit 31.2

CERTIFICATION

I, Joseph Dryden, certify that:

I have reviewed this annual report on Form 10-K of National Tax Credit Investors II;

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 31, 2015

/s/Joseph Dryden

Joseph Dryden

VP of Finance/CFO of National Partnership Investments, LLC, equivalent of the chief financial officer of the Partnership

EX-32.1 4 ntci2_ex32z1.htm CERTIFICATION Certification

Exhibit 32.1

Certification of CEO and CFO

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Annual Report on Form 10-K of National Tax Credit Investors II (the "Partnership"), for the fiscal year ended December 31, 2014 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Brian Flaherty, as the equivalent of the chief executive officer of the Partnership, and Joseph Dryden, as the equivalent of the chief financial officer of the Partnership, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Partnership.


	/s/Brian Flaherty
	Name: Brian Flaherty
	Date: March 31, 2015

	/s/Joseph Dryden
	Name: Joseph Dryden
	Date: March 31, 2015

This certification is furnished with this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Partnership for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-101.CAL 5 ntci2-20141231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 6 ntci2-20141231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.INS 7 ntci2-20141231.xml XBRL INSTANCE DOCUMENT

3478000

181000

54000

6736000

7290000

20000

32000

-561000

-556000

7277000

7814000

6716000

7258000

6736000

7290000

64000 107000

93000

54000

79000

83000

236000

244000

-236000

-244000

-306000 -1344000

-55000

-5000

-16000

-537000

-1617000

-7.46

-22.45

-540000 9431000 8891000

-16000

-1617000

-1633000

-556000 7814000 7258000

-5000

-537000

-542000

-561000 7277000 6716000

-10000

306000 1344000

12000

8000

-248000

-252000

-306000 -1344000 -10000

-306000

-1334000

-554000

-1586000

5163000

3023000

3577000

10-K 2014-12-31 false NATIONAL TAX CREDIT INVESTORS II 0000859921 --12-31 72007 0 Smaller Reporting Company Yes No No 2014 FY

Note 1 - Organization and Summary of Significant Accounting Policies   Organization   National Tax Credit Investors II (NTCI II or the Partnership) is a limited partnership formed under the California Revised Local Partnership Act as of January 12, 1990. The Partnership was formed to invest primarily in other limited partnerships (Local Partnerships) which own and operate multifamily housing complexes that are eligible for low income housing federal income tax credits (the Housing Tax Credit). The general partner of the Partnership is National Partnership Investments, LLC (the General Partner or NAPICO), a California limited liability company. The General Partner is a subsidiary of Bethesda Holdings II, LLC, a privately held real estate asset management company (Bethesda). Bethesda acquired the General Partner on December 19, 2012, pursuant to an option agreement with Aimco/Bethesda Holdings, Inc., a subsidiary of Apartment Investment and Management Company (Aimco), a publicly traded real estate investment trust.  The business of NTCI II is conducted primarily by NAPICO. The Partnership shall continue in full force and effect until December 31, 2030, unless terminated earlier pursuant to the Partnership Agreement or law.   The General Partner has a one percent interest in operating profits and losses of the Partnership. The limited partners will be allocated the remaining 99 percent interest in proportion to their respective investments.   Upon total or partial liquidation of the Partnership or the disposition or partial disposition of a project or project interest and distribution of the proceeds, the General Partner will be entitled to a property disposition fee as mentioned in the partnership agreement.  The limited partners will have a priority item equal to their invested capital plus 6 percent priority return as defined in the partnership agreement. This property disposition fee may accrue but shall not be paid until the limited partners have received distributions equal to 100 percent of their capital contributions plus the 6 percent priority return. No disposition fees have been paid or accrued.   At December 31, 2014 and 2013, the Partnership had outstanding 72,007 and 72,017 limited partnership interests, respectively.   Basis of Presentation   The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States.   Cash and Cash Equivalents   Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits.   Method of Accounting for Investments in Local Partnerships   The investments in Local Partnerships are accounted for using the equity method. Acquisition fees, selection fees and other costs related to the acquisition of the projects have been capitalized as part of the investment account and are being amortized by the straight line method over the estimated lives of the underlying assets, which is generally 30 years.   Use of Estimates   The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.   Net Income (loss) and distribution Per Limited Partnership Interest   Net income (loss) per limited partnership interest and distribution per limited partnership interest was computed by dividing the limited partners' share of net income (loss) and distributions by the number of limited partnership interests outstanding at the beginning of the year.  The number of limited partnership interests used was 72,017 and 72,032 for the years ended December 31, 2014 and 2013, respectively.   Abandoned Interests   During 2014 and 2013, the number of limited partnership interests decreased by 10 and 15 units, respectively, due to limited partners abandoning their interests. In abandoning his or her partnership interests, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.   Mortgage Note Receivable   The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  The Partnership has recorded its mortgage note receivable at December 31, 2014 and December 31, 2013 at the amount at which the Partnership ultimately expects to receive. See Note 3 Mortgage Note Receivable for further information.   Impairment of Long-Lived Assets   The Partnership reviews long-lived assets to determine if there has been any impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  If the sum of the expected future cash flows is less than the carrying amount of the assets, the Partnership recognizes an impairment loss. There were no impairment losses recognized during the years ended December 31, 2014 and 2013.   Fair Value of Financial Instruments   Financial Accounting Standards Board Accounting Standards Codification (ASC) Topic 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. At December 31, 2014, the Partnership believes that the carrying amount of other assets and liabilities reported on the balance sheet that require such disclosure approximated their fair value due to the short-term maturity of these instruments. <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  Segment Reporting   ASC Topic 280-10, Segment Reporting, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment. <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  Variable Interest Entities   The Partnership consolidates any variable interest entities in which the Partnership holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entitys activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entitys activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIEs economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.   In determining whether it is the primary beneficiary of a VIE, the Partnership considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIEs economic performance and which party controls such activities; the amount and characteristics of the Partnerships investment; the obligation or likelihood for the Partnership or other investors to provide financial support; and the similarity with and significance to the business activities of the Partnership and the other investors.  Significant judgments related to these determinations include estimates about the current and future fair values and performance of real estate held by these VIEs and general market conditions.   At December 31, 2014 and 2013, the Partnership held variable interests in two VIEs for which the Partnership was not the primary beneficiary.  The Partnership has concluded, based on its qualitative consideration of the partnership agreement, the partnership structure and the role of the general partner in each of the Local Partnerships, that the general partner of each of the Local Partnerships is the primary beneficiary of the respective Local Partnership.  In making this determination, the Partnership considered the following factors:   ·         the general partners conduct and manage the business of the Local Partnerships; ·         the general partners have the responsibility for and sole discretion over selecting a property management agent for the Local Partnerships underlying real estate properties; ·         the general partners are responsible for approving operating and capital budgets for the properties owned by the Local Partnerships; ·         the general partners are obligated to fund any recourse obligations of the Local Partnerships; ·         the general partners are authorized to borrow funds on behalf of the Local Partnerships; and ·         the Partnership, as a limited partner in each of the Local Partnerships, does not have the ability to direct or otherwise significantly influence the activities of the Local Partnerships that most significantly impact such entities economic performance.   The two VIEs at December 31, 2014 consisted of Local Partnerships that were directly engaged in the ownership and management of two apartment properties with a total of 355 units. The Partnership is involved with those VIEs as a non-controlling limited partner equity holder. The Partnerships maximum exposure to loss as a result of its involvement with the unconsolidated VIEs is limited to the Partnerships recorded investments in and receivables from these VIEs, which was approximately $3,478,000 at December 31, 2014 and 2013. The Partnership may be subject to additional losses to the extent of any financial support that the Partnership voluntarily provides in the future.

Note 2 - Investments In and Advances to Local Partnerships   As of December 31, 2014 and 2013, the Partnership holds limited partnership interests in two Local Partnerships, located in two states. As a limited partner of the Local Partnerships, the Partnership does not have authority over day-to-day management of the Local Partnerships or their properties (the "Apartment Complexes"). The general partners responsible for management of the Local Partnerships (the "Local Operating General Partners") are not affiliated with the General Partner of the Partnership, except as discussed below.   At December 31, 2014 and 2013, the Local Partnerships own residential projects consisting of 355 apartment units. During the year ended December 31, 2013, the Partnership sold its limited partnership interest in two of the Local Partnerships owning residential projects consisting of 139 apartment units.   The projects owned by the Local Partnerships in which the Partnership has invested were developed by the Local Operating General Partners who acquired the sites and applied for applicable mortgages and subsidies, if any. The Partnership became the principal limited partner in these Local Partnerships pursuant to arm's-length negotiations with the Local Operating General Partners.  As a limited partner, the Partnerships liability for obligations of the Local Partnerships is limited to its investment. The Local Operating General Partner of the Local Partnerships retains responsibility for developing, constructing, maintaining, operating and managing the Projects.  Under certain circumstances, an affiliate of NAPICO or the Partnership may act as the Local Operating General Partner.  An affiliate of NAPICO, National Tax Credit Inc. II ("NTC-II") is acting either as a special limited partner or non-managing administrative general partner (the Administrative General Partner) of each Local Partnership in which the Partnership had an investment.   The Partnership, as a limited partner, does not have a contractual relationship with the Local Partnerships or exercise control over the activities and operations, including refinancing or selling decisions, of the Local Partnerships that would require or allow for consolidation. Accordingly, the Partnership accounts for its investments in the Local Partnerships using the equity method. The Partnership is allocated profits and losses of the Local Partnerships based upon its respective ownership percentage (between 98.90% and 99%). The Partnership is allocated profits and losses and receives distributions from refinancings and sales in accordance with the Local Partnerships partnership agreements. These agreements usually limit the Partnerships distributions to an amount substantially less than its ownership percentage in the Local Partnership.   The individual investments are carried at cost plus the Partnerships share of the Local Partnerships profits less the Partnerships share of the Local Partnerships losses, distributions and impairment charges. See Note 1 Organization and Summary of Significant Accounting Policies for a description of the impairment policy. The Partnership is not legally liable for the obligations of the Local Partnerships and is not otherwise committed to provide additional support to them. Therefore, the Partnership does not recognize losses once the Partnerships investment in each of the Local Partnerships reaches zero.  Distributions from the Local Partnerships are accounted for as a reduction of the investment balance until the investment balance is reduced to zero. When the investment balance has been reduced to zero, subsequent distributions received are recognized as income in the accompanying statements of operations. During the year ended December 31, 2014 and 2013, there were no such distributions received.   For those investments where the Partnership has determined that the carrying value of the Partnerships investments approximates the estimated fair value of those investments, the Partnerships policy is to recognize equity in income of the Local Partnerships only to the extent of distributions received and amortization of acquisition costs from those Local Partnerships.  Therefore, the Partnership limits its recognition of equity earnings to the amount it expects to ultimately realize.   In October 2013, the Partnership assigned its limited partnership interest in Jamestown Terrace to an affiliate of the Local Operating General Partner for a total of $10,000. This amount was recognized as a gain on sales of limited partnership interest in Local Partnerships during the year ended December 31, 2013 as the Partnership had no investment balance remaining at the date of the assignment.   In November 2013, the Partnership assigned its limited partnership interest in Virginia Park Meadows to an affiliate of the Local Operating General Partner for no consideration. This agreement was subject to the Partnership paying a $3,000 transfer fee to the state of Michigan. The Partnership had no investment balance remaining as of the date of the agreement.   During September 2013, the Partnership entered into an Assignment and Assumption Agreement to assign its limited partnership interest in Michigan Beach to a third party for a total amount of $10.00. Additionally, during September 2013, the Partnership entered into a Loan Purchase Agreement with the same third party, to sell the second mortgage held by the Partnership for an amount equal to the outstanding principal on the Loan. In April 2014 and December 2014, the Partnership entered into an amendment and a second amendment to each of the Assignment and Assumption Agreement and the Loan Purchase Agreement to, among other things, extend the closing date for the transaction to December 31, 2014 and March 31, 2015, respectively. As of December 31, 2014, the outstanding principal balance on the Loan was $3,596,000. The Registrants investment balance in Michigan Beach was reduced to zero. The assignment and the Loan purchase are expected to close during 2015 and are subject to i) the consent of the United States Department of Housing and Urban Development and ii) the consent of Midland Loan Services, Inc.  If either condition is not met prior to March 31, 2015, then the Assignment Agreement and the Loan Agreement would terminate. In the event that the closing does not timely occur due to the default by Assignee of its obligations under the Assignment Agreement or the Loan Agreement, then the Registrant will be entitled to keep the $1,000 escrow deposit made by Assignee in connection with the Loan Agreement. In the event that the closing does not timely occur due to the default by the Partnership, then the rights and obligations of both parties under both agreements terminate, except for certain indemnification rights.   As of December 31, 2014 and 2013, the investment balance in one of the two Local Partnerships had been reduced to zero. The Partnerships remaining investment balance relates to the mortgage note receivable, which is discussed in Note 3 Mortgage Note Receivable.   At times, advances are made to Local Partnerships. Advances made by the Partnership to the individual Local Partnerships are considered part of the Partnerships investment in limited partnerships.  Advances made to Local Partnerships in which the investment balance has been reduced to zero are charged to expense. The Partnership made advances of approximately $306,000 and $1,344,000 to Michigan Beach during the years ended December 31, 2014 and 2013, respectively, for deferred capital needs. While not obligated to make advances to any of the Local Partnerships, the Partnership may make future advances in order to protect its economic investment in the Local Partnerships.   The difference between the investment per the accompanying balance sheets at December 31, 2014 and 2013 and the equity per the Local Partnerships' condensed combined financial statements is due primarily to cumulative unrecognized equity in losses of certain Local Partnerships, costs capitalized to the investment account, and cumulative distributions recognized as income.   The Partnerships value of its investments and its equity in the income/loss and/or distributions from the Local Partnerships are, for certain Local Partnerships, individually, not material to the overall financial position of the Partnership. The financial information from the unaudited condensed combined financial statements of such Local Partnerships at December 31, 2014 and 2013 and for each of the two years in the period then ended is presented below.  The Partnerships value of its investment in Michigan Beach Limited Partnership, (the Material Investee) is considered material to the Partnerships financial position and amounts included below for the Material Investee are included on an audited basis.   The following are estimated unaudited condensed combined statements of operations for the years ended December 31, 2014 and 2013 for the Local Partnerships in which the Partnership has investments. The 2013 amounts exclude Jamestown and Virginia Park, for which the Partnership assigned its limited partnership interest in October 2013.   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Balance Sheets of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Assets: </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Land </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 112    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,013    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,125    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Building and improvements </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 4,109    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 10,599    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 14,708    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Accumulated depreciation </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (2,462)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (4,821)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (7,283)   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 37    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 595    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 632    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,796    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,386    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 9,182    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities and Partners Deficit: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Mortgage notes payable and interest </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,047    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 19,785    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 21,832    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other liabilities </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 277    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 366    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 643    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Partners deficit </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (528)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (12,765)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (13,293)   </td> </tr> <tr style='height:2.9pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total liabilities and partners' deficit </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,796    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,386    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 9,182    </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Balance Sheets of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Assets: </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Land </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 112    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,010    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,122    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Building and improvements </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 4,109    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 9,751    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 13,860    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Accumulated depreciation </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (2,355)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (4,393)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (6,748)   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 67    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 588    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 655    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,933    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,956    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 8,889    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities and Partners Deficit: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Mortgage notes payable and interest </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,047    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 19,046    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 21,093    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other liabilities </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 284    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 422    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 706    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Partners deficit </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (398)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (12,512)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (12,910)   </td> </tr> <tr style='height:2.9pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total liabilities and partners' deficit </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,933    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,956    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 8,889    </td> </tr> </table>     <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Results of Operations of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Rental and other </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 412    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,708    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 3,120    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Expenses: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Operating expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 413    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,882    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,295    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Interest and entity expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 24    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 645    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 669    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Depreciation and amortization </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 107    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 434    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 541    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Total expenses </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 544    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,961    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 3,505    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Income (loss) from continuing operations </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (132)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (253)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (385)   </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;margin-left:-5.4pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Results of Operations of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Rental and other </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 430    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,433    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,863    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Expenses: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Operating expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 384    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,648    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,032    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Interest and entity expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 24    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 599    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 623    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Depreciation and amortization </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 114    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 430    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 544    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Total expenses </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 522    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,677    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 3,199    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Income (loss) from continuing operations </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (92)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (244)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (336)   </td> </tr> </table>   Real Estate and Accumulated Depreciation of Local Partnerships   The following tables exclude the Local Partnerships sold in 2014 and 2013 as described above.   (1) Schedule of Encumbrances and Investment Properties (all amounts unaudited except for those amounts relative to the Material Investee and are the gross amounts at which carried at December 31, 2014) (in thousands):   <table border="0" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:42.3pt'> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   Description </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Encumbrances </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Land </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Buildings And  Related Personal Property </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Total </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Accumulated Depreciation </td> </tr> <tr style='height:.1in'> <td width="114" valign="top" style='width:85.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.95pt'> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> Lincoln Grove </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 2,047    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 112    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 4,109    </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 4,221    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 2,462    </td> </tr> <tr style='height:12.95pt'> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> Michigan Beach </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 19,785    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 1,013    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 10,599    </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 11,612    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 4,821    </td> </tr> <tr style='height:12.95pt'> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> Total </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 21,832    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 1,125    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 14,708    </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 15,833    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 7,283    </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>(2) Reconciliation of real estate (all amounts unaudited except for those amounts   relative to the Material Investee) (in thousands): <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="340" colspan="6" valign="top" style='width:254.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="96" colspan="2" valign="bottom" style='width:71.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Real Estate: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,221    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 10,761    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 14,982    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Improvements </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 0    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 851    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 851    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,221    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 11,612    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 15,833    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Real Estate: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,210    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 9,065    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 13,275    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Improvements </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 11    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,696    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,707    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,221    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 10,761    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 14,982    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>(3) Reconciliation of accumulated depreciation (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands): <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="340" colspan="6" valign="top" style='width:254.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="96" colspan="2" valign="bottom" style='width:71.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Accumulated depreciation: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,355    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,393    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,748    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Depreciation expense </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 107    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 428    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 535    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,462    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,821    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,283    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='margin-left:-5.4pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Accumulated depreciation: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,241    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 3,967    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,208    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Depreciation expense </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 114    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 426    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 540    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,355    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,393    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,748    </td> </tr> </table>   An affiliate of the General Partner is currently the Local Operating General Partner in one of the Partnerships two Local Partnerships included above.

Note 3 Mortgage Note Receivable   On May 30, 2006, the Partnership purchased the second mortgage for a Local Partnership, Michigan Beach, from the second mortgage holder, PAMI Midatlantic, LLC (PAMI) for a purchase price of $ 4,320,000. The second mortgage had a principal balance of approximately $ 3,596,000 and accrued interest outstanding at the time of the purchase. PAMI had filed an action for foreclosure and the appointment of a receiver for the alleged failure to make surplus cash payments and provide required financial reporting. As a result of the purchase, the Partnership was substituted in place of PAMI in the foreclosure action and then the Partnership dismissed the foreclosure action with prejudice on June 9, 2006.  The Partnership is the sole limited partner in Michigan Beach.   The second mortgage accrues interest at a fixed rate of 6.11%.  Semiannual payments from 50% of surplus cash are required and the note matures in July of 2031.  There is an option to the noteholder to accelerate maturity of the second mortgage after October of 2008. There have been no payments made on the loan. The Partnership recognized approximately $0 and $55,000 in equity in loss from Michigan Beach during the years ended December 31, 2014 and 2013, respectively, and reduced the carrying value of the mortgage note receivable. With respect to the second mortgage from Michigan Beach, the Partnership has fully reserved any accrued interest.   <table border="0" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:24.3pt'> <td width="679" colspan="4" valign="top" style='width:509.4pt;padding:0in 5.4pt 0in 5.4pt;height:24.3pt'> The following is a summary of the mortgage note receivable activity for the years ended December 31, 2014 and 2013 (in thousands): </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="113" style='width:84.75pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> 2014 </td> <td width="18" valign="top" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="top" style='width:87.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> 2013 </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> Mortgage note receivable balance, beginning of year </td> <td width="113" valign="bottom" style='width:84.75pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,478    </td> <td width="18" valign="bottom" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="bottom" style='width:87.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,533    </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> Equity in losses of Local Partnership </td> <td width="113" valign="bottom" style='width:84.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> 0    </td> <td width="18" valign="bottom" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="bottom" style='width:87.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> (55)   </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> Mortgage note receivable balance, end of year </td> <td width="113" valign="bottom" style='width:84.75pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,478    </td> <td width="18" valign="bottom" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="bottom" style='width:87.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,478    </td> </tr> </table>

Note 4 Transactions with Affiliated Parties   Under the terms of its Partnership Agreement, the Partnership is obligated to the General Partner for the following fees:   (a)           An annual Partnership management fee in an amount equal to 0.5 percent of invested assets (as defined in the Partnership Agreement) at the beginning of the year is payable to the General Partner. For the years ended December 31, 2014 and 2013, partnership management fees in the amount of approximately $64,000 and $107,000, respectively, were recorded as an expense.   (b)           A property disposition fee is payable to the General Partner in an amount equal to the lesser of (i) one-half of the competitive real estate commission that would have been charged by unaffiliated third parties providing comparable services in the area where the apartment complex is located, or (ii) 3 percent of the sale price received in connection with the sale or disposition of the apartment complex or local partnership interest, but in no event will the property disposition fee and all amounts payable to unaffiliated real estate brokers in connection with any such sale exceed in the aggregate, the lesser of the competitive rate (as described above) or 6 percent of such sale price. Receipt of the property disposition fee will be subordinated to the distribution of sale or refinancing proceeds by the Partnership until the limited partners have received distributions of sale or refinancing proceeds in an aggregate amount equal to (i) their 6 percent priority return for any year not theretofore satisfied (as defined in the Partnership Agreement) and (ii) an amount equal to the aggregate adjusted investment (as defined in the Partnership Agreement) of the limited partners.  No disposition fees have been paid or accrued.   (c)           The Partnership reimburses NAPICO for certain expenses. The reimbursement to NAPICO was approximately $29,000 for the years ended December 31, 2014 and 2013, and is included in general and administrative expenses.   NTC-II is typically either a special limited partner or an administrative general partner in each Local Partnership in which the Partnership has an investment.   The General Partner is not obligated to advance funds to the Partnership for operations or to fund Partnership advances to Local Partnerships, but may voluntarily do so from time to time. There were no advances received by the Partnership during the years ended December 31, 2014 and 2013. The Partnership may receive future advances of funds from the General Partner although the General Partner is not obligated to provide such advances.   Bethesda and its affiliates owned 1,133 limited partnership interests (the "Units") in the Partnership representing 1.57% of the outstanding Units in the Partnership at December 31, 2014. It is possible that Bethesda or its affiliates will acquire additional Units in the Partnership either through private purchases or tender offers. Pursuant to the Partnership Agreement, unitholders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Bethesda as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Bethesda as its sole stockholder.

Note 5 - Income Taxes   The Partnership is not taxed on its income. The partners are taxed in their individual capacities based upon their distributive share of the Partnership's taxable income or loss and are allowed the benefits to be derived from off-setting their distributive share of the tax losses against taxable income from other sources subject to passive loss limitations. The taxable income or loss differs from amounts included in the statements of operations because different methods are used in determining the losses of the Local Partnerships as discussed below. The taxable income or loss is allocated to the partner groups in accordance with Section 704(b) of the Internal Revenue Code and therefore is not necessarily proportionate to the interest percentage owned.   <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:31.05pt'> <td width="653" colspan="5" valign="top" style='width:489.7pt;padding:0in 5.4pt 0in 5.4pt;height:31.05pt'> A reconciliation between the Partnerships reported net income and the net income (loss) per tax return follows (in thousands, except per limited partnership interest): </td> </tr> <tr style='height:7.65pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:7.65pt'>   </td> <td width="78" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:7.65pt'>   </td> <td width="148" colspan="3" valign="top" style='width:110.8pt;padding:0in 5.4pt 0in 5.4pt;height:7.65pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="226" colspan="4" valign="top" style='width:169.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Years Ended December 31, </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="108" colspan="2" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2014 </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="top" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2013 </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net income (loss) per financial statements </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (542)   </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (1,633)   </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Investment in Local Partnerships </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,094    </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 4,903    </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net income (loss) per tax return </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 552    </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 3,270    </td> </tr> <tr style='height:5.75pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net income (loss) per limited partnership interest </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7.59    </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 44.95    </td> </tr> <tr align="left"> <td width="427" style='border:none'></td> <td width="78" style='border:none'></td> <td width="30" style='border:none'></td> <td width="16" style='border:none'></td> <td width="102" style='border:none'></td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="648" style='width:6.75in;border-collapse:collapse'> <tr style='height:32.85pt'> <td width="648" colspan="5" valign="top" style='width:6.75in;padding:0in 5.4pt 0in 5.4pt;height:32.85pt'> The following is a reconciliation between the Partnerships reported amounts and the Federal tax basis of net assets at December 31, 2014 and 2013 (in thousands): </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2014 </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="104" colspan="2" valign="top" style='width:78.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2013 </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net assets as reported </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,716    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,2587,258    </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Add (deduct): </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Deferred offering costs and intangibles </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 12,323    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 12,500    </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Investment in Local Partnerships </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (7,907)(8,000)   </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (8,073)   </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 95    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 95    </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net assets Federal tax basis </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 11,227    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 11,780    </td> </tr> <tr align="left"> <td width="420" style='border:none'></td> <td width="108" style='border:none'></td> <td width="16" style='border:none'></td> <td width="2" style='border:none'></td> <td width="102" style='border:none'></td> </tr> </table>   The Partnership was subject to a New Jersey tax based upon the number of resident and non-resident limited partners and apportionment of income related to the Partnerships investment in certain Local Partnerships. For the year ended December 31, 2012 the expense related to this tax is reflected in tax expense in the accompanying statements of operations. During the year ended December 31, 2012, the Partnership paid approximately $66,000 as a required deposit for estimated 2012 New Jersey taxes, which was based on half of the previous years taxes. However, the Partnerships estimate of the actual tax due for 2012 was approximately $12,000.  The remaining balance paid of approximately $54,000 is reflected as another asset on the accompanying balance sheet at December 31, 2014 and 2013. As a result of the sale of Countryside during 2012, the Partnership is no longer subject to pay New Jersey taxes.

Note 6 - Contingencies   The General Partner is involved in various lawsuits arising from transactions in the ordinary course of business. In the opinion of management and the General Partner, the claims will not result in any material liability to the Partnership.

Note 7 - Subsequent Events   The Partnerships management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

Organization   National Tax Credit Investors II (NTCI II or the Partnership) is a limited partnership formed under the California Revised Local Partnership Act as of January 12, 1990. The Partnership was formed to invest primarily in other limited partnerships (Local Partnerships) which own and operate multifamily housing complexes that are eligible for low income housing federal income tax credits (the Housing Tax Credit). The general partner of the Partnership is National Partnership Investments, LLC (the General Partner or NAPICO), a California limited liability company. The General Partner is a subsidiary of Bethesda Holdings II, LLC, a privately held real estate asset management company (Bethesda). Bethesda acquired the General Partner on December 19, 2012, pursuant to an option agreement with Aimco/Bethesda Holdings, Inc., a subsidiary of Apartment Investment and Management Company (Aimco), a publicly traded real estate investment trust.  The business of NTCI II is conducted primarily by NAPICO. The Partnership shall continue in full force and effect until December 31, 2030, unless terminated earlier pursuant to the Partnership Agreement or law.   The General Partner has a one percent interest in operating profits and losses of the Partnership. The limited partners will be allocated the remaining 99 percent interest in proportion to their respective investments.   Upon total or partial liquidation of the Partnership or the disposition or partial disposition of a project or project interest and distribution of the proceeds, the General Partner will be entitled to a property disposition fee as mentioned in the partnership agreement.  The limited partners will have a priority item equal to their invested capital plus 6 percent priority return as defined in the partnership agreement. This property disposition fee may accrue but shall not be paid until the limited partners have received distributions equal to 100 percent of their capital contributions plus the 6 percent priority return. No disposition fees have been paid or accrued.   At December 31, 2014 and 2013, the Partnership had outstanding 72,007 and 72,017 limited partnership interests, respectively.

Basis of Presentation   The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States.

Cash and Cash Equivalents   Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits.

Method of Accounting for Investments in Local Partnerships   The investments in Local Partnerships are accounted for using the equity method. Acquisition fees, selection fees and other costs related to the acquisition of the projects have been capitalized as part of the investment account and are being amortized by the straight line method over the estimated lives of the underlying assets, which is generally 30 years.

Net Income (loss) and distribution Per Limited Partnership Interest   Net income (loss) per limited partnership interest and distribution per limited partnership interest was computed by dividing the limited partners' share of net income (loss) and distributions by the number of limited partnership interests outstanding at the beginning of the year.  The number of limited partnership interests used was 72,017 and 72,032 for the years ended December 31, 2014 and 2013, respectively.

Abandoned Interests   During 2014 and 2013, the number of limited partnership interests decreased by 10 and 15 units, respectively, due to limited partners abandoning their interests. In abandoning his or her partnership interests, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment. Mortgage Note Receivable   The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  The Partnership has recorded its mortgage note receivable at December 31, 2014 and December 31, 2013 at the amount at which the Partnership ultimately expects to receive. See Note 3 Mortgage Note Receivable for further information.

Impairment of Long-Lived Assets   The Partnership reviews long-lived assets to determine if there has been any impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  If the sum of the expected future cash flows is less than the carrying amount of the assets, the Partnership recognizes an impairment loss. There were no impairment losses recognized during the years ended December 31, 2014 and 2013.

Fair Value of Financial Instruments   Financial Accounting Standards Board Accounting Standards Codification (ASC) Topic 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. At December 31, 2014, the Partnership believes that the carrying amount of other assets and liabilities reported on the balance sheet that require such disclosure approximated their fair value due to the short-term maturity of these instruments.

Segment Reporting   ASC Topic 280-10, Segment Reporting, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

Variable Interest Entities   The Partnership consolidates any variable interest entities in which the Partnership holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entitys activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entitys activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIEs economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.   In determining whether it is the primary beneficiary of a VIE, the Partnership considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIEs economic performance and which party controls such activities; the amount and characteristics of the Partnerships investment; the obligation or likelihood for the Partnership or other investors to provide financial support; and the similarity with and significance to the business activities of the Partnership and the other investors.  Significant judgments related to these determinations include estimates about the current and future fair values and performance of real estate held by these VIEs and general market conditions.   At December 31, 2014 and 2013, the Partnership held variable interests in two VIEs for which the Partnership was not the primary beneficiary.  The Partnership has concluded, based on its qualitative consideration of the partnership agreement, the partnership structure and the role of the general partner in each of the Local Partnerships, that the general partner of each of the Local Partnerships is the primary beneficiary of the respective Local Partnership.  In making this determination, the Partnership considered the following factors:   ·         the general partners conduct and manage the business of the Local Partnerships; ·         the general partners have the responsibility for and sole discretion over selecting a property management agent for the Local Partnerships underlying real estate properties; ·         the general partners are responsible for approving operating and capital budgets for the properties owned by the Local Partnerships; ·         the general partners are obligated to fund any recourse obligations of the Local Partnerships; ·         the general partners are authorized to borrow funds on behalf of the Local Partnerships; and ·         the Partnership, as a limited partner in each of the Local Partnerships, does not have the ability to direct or otherwise significantly influence the activities of the Local Partnerships that most significantly impact such entities economic performance.   The two VIEs at December 31, 2014 consisted of Local Partnerships that were directly engaged in the ownership and management of two apartment properties with a total of 355 units. The Partnership is involved with those VIEs as a non-controlling limited partner equity holder. The Partnerships maximum exposure to loss as a result of its involvement with the unconsolidated VIEs is limited to the Partnerships recorded investments in and receivables from these VIEs, which was approximately $3,478,000 at December 31, 2014 and 2013. The Partnership may be subject to additional losses to the extent of any financial support that the Partnership voluntarily provides in the future.   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Balance Sheets of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Assets: </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Land </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 112    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,013    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,125    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Building and improvements </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 4,109    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 10,599    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 14,708    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Accumulated depreciation </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (2,462)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (4,821)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (7,283)   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 37    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 595    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 632    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,796    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,386    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 9,182    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities and Partners Deficit: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Mortgage notes payable and interest </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,047    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 19,785    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 21,832    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other liabilities </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 277    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 366    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 643    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Partners deficit </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (528)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (12,765)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (13,293)   </td> </tr> <tr style='height:2.9pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total liabilities and partners' deficit </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,796    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,386    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 9,182    </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Balance Sheets of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Assets: </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Land </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 112    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,010    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,122    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Building and improvements </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 4,109    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 9,751    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 13,860    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Accumulated depreciation </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (2,355)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (4,393)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (6,748)   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 67    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 588    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 655    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total assets </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,933    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,956    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 8,889    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities and Partners Deficit: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Liabilities: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Mortgage notes payable and interest </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,047    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 19,046    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 21,093    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other liabilities </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 284    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 422    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 706    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Partners deficit </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (398)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (12,512)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (12,910)   </td> </tr> <tr style='height:2.9pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:2.9pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Total liabilities and partners' deficit </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 1,933    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,956    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 8,889    </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Results of Operations of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Rental and other </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 412    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,708    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 3,120    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Expenses: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Operating expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 413    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,882    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,295    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Interest and entity expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 24    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 645    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 669    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Depreciation and amortization </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 107    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 434    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 541    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Total expenses </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 544    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,961    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 3,505    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Income (loss) from continuing operations </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (132)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (253)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (385)   </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="687" style='width:515.6pt;margin-left:-5.4pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Condensed Combined Results of Operations of the Local Partnerships </td> </tr> <tr style='height:12.25pt'> <td width="687" colspan="6" valign="top" style='width:515.6pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (in thousands) </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Rental and other </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 430    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,433    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,863    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Expenses: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Operating expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 384    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,648    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,032    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Interest and entity expenses </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 24    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 599    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 623    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Depreciation and amortization </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 114    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 430    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 544    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>     Total expenses </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 522    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2,677    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 3,199    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Income (loss) from continuing operations </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (92)   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (244)   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (336)   </td> </tr> </table> (1) Schedule of Encumbrances and Investment Properties (all amounts unaudited except for those amounts relative to the Material Investee and are the gross amounts at which carried at December 31, 2014) (in thousands):   <table border="0" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:42.3pt'> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   Description </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Encumbrances </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Land </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Buildings And  Related Personal Property </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Total </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:42.3pt'> Accumulated Depreciation </td> </tr> <tr style='height:.1in'> <td width="114" valign="top" style='width:85.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> <tr style='height:12.95pt'> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> Lincoln Grove </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 2,047    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 112    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 4,109    </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 4,221    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 2,462    </td> </tr> <tr style='height:12.95pt'> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> Michigan Beach </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 19,785    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 1,013    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 10,599    </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 11,612    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> 4,821    </td> </tr> <tr style='height:12.95pt'> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> Total </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 21,832    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="90" valign="bottom" style='width:67.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 1,125    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 14,708    </td> <td width="24" valign="bottom" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 15,833    </td> <td width="18" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.95pt'> $ 7,283    </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>(2) Reconciliation of real estate (all amounts unaudited except for those amounts   relative to the Material Investee) (in thousands): <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="340" colspan="6" valign="top" style='width:254.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="96" colspan="2" valign="bottom" style='width:71.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Real Estate: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,221    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 10,761    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 14,982    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Improvements </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 0    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 851    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 851    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,221    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 11,612    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 15,833    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Real Estate: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,210    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 9,065    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 13,275    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Improvements </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 11    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,696    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,707    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,221    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 10,761    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 14,982    </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>(3) Reconciliation of accumulated depreciation (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands): <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="340" colspan="6" valign="top" style='width:254.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2014 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="96" colspan="2" valign="bottom" style='width:71.9pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Accumulated depreciation: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,355    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,393    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,748    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Depreciation expense </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 107    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 428    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 535    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,462    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,821    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,283    </td> <td width="1" style='border:none;padding:0'> </td> </tr> <tr style='height:.1in'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'>   </td> <td width="1" style='border:none;padding:0'> </td> </tr> </table> <p align="left" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:31.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:-31.5pt;layout-grid-mode:line;margin-left:0in;text-align:left;text-indent:0in'>  <table border="0" cellspacing="0" cellpadding="0" style='margin-left:-5.4pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="338" colspan="5" valign="top" style='width:253.7pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> December 31, 2013 </td> </tr> <tr style='height:.35in'> <td width="349" valign="bottom" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Unaudited </td> <td width="20" valign="top" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Material Investee </td> <td width="18" valign="top" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:.35in'> Total </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>  Accumulated depreciation: </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at beginning of year </td> <td width="100" valign="bottom" style='width:74.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,241    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 3,967    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,208    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Depreciation expense </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 114    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 426    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 540    </td> </tr> <tr style='height:12.25pt'> <td width="349" valign="top" style='width:261.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Balance at end of year </td> <td width="100" valign="bottom" style='width:74.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 2,355    </td> <td width="20" valign="bottom" style='width:15.2pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="106" valign="bottom" style='width:79.45pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 4,393    </td> <td width="18" valign="bottom" style='width:13.45pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="94" valign="bottom" style='width:70.8pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,748    </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:24.3pt'> <td width="679" colspan="4" valign="top" style='width:509.4pt;padding:0in 5.4pt 0in 5.4pt;height:24.3pt'> The following is a summary of the mortgage note receivable activity for the years ended December 31, 2014 and 2013 (in thousands): </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="113" style='width:84.75pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> 2014 </td> <td width="18" valign="top" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="top" style='width:87.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> 2013 </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> Mortgage note receivable balance, beginning of year </td> <td width="113" valign="bottom" style='width:84.75pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,478    </td> <td width="18" valign="bottom" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="bottom" style='width:87.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,533    </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> Equity in losses of Local Partnership </td> <td width="113" valign="bottom" style='width:84.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> 0    </td> <td width="18" valign="bottom" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="bottom" style='width:87.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> (55)   </td> </tr> <tr style='height:13.7pt'> <td width="432" style='width:323.8pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> Mortgage note receivable balance, end of year </td> <td width="113" valign="bottom" style='width:84.75pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,478    </td> <td width="18" valign="bottom" style='width:13.35pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'>   </td> <td width="117" valign="bottom" style='width:87.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.7pt'> $ 3,478    </td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:31.05pt'> <td width="653" colspan="5" valign="top" style='width:489.7pt;padding:0in 5.4pt 0in 5.4pt;height:31.05pt'> A reconciliation between the Partnerships reported net income and the net income (loss) per tax return follows (in thousands, except per limited partnership interest): </td> </tr> <tr style='height:7.65pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:7.65pt'>   </td> <td width="78" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:7.65pt'>   </td> <td width="148" colspan="3" valign="top" style='width:110.8pt;padding:0in 5.4pt 0in 5.4pt;height:7.65pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="226" colspan="4" valign="top" style='width:169.3pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Years Ended December 31, </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="108" colspan="2" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2014 </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="top" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2013 </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net income (loss) per financial statements </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (542)   </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ (1,633)   </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Investment in Local Partnerships </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 1,094    </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 4,903    </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net income (loss) per tax return </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 552    </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 3,270    </td> </tr> <tr style='height:5.75pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="427" valign="top" style='width:4.45in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net income (loss) per limited partnership interest </td> <td width="108" colspan="2" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7.59    </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 44.95    </td> </tr> <tr align="left"> <td width="427" style='border:none'></td> <td width="78" style='border:none'></td> <td width="30" style='border:none'></td> <td width="16" style='border:none'></td> <td width="102" style='border:none'></td> </tr> </table>   <table border="0" cellspacing="0" cellpadding="0" width="648" style='width:6.75in;border-collapse:collapse'> <tr style='height:32.85pt'> <td width="648" colspan="5" valign="top" style='width:6.75in;padding:0in 5.4pt 0in 5.4pt;height:32.85pt'> The following is a reconciliation between the Partnerships reported amounts and the Federal tax basis of net assets at December 31, 2014 and 2013 (in thousands): </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2014 </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="104" colspan="2" valign="top" style='width:78.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 2013 </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net assets as reported </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 6,716    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 7,2587,258    </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Add (deduct): </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Deferred offering costs and intangibles </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 12,323    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 12,500    </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Investment in Local Partnerships </td> <td width="108" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (7,907)(8,000)   </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> (8,073)   </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   Other </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 95    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> 95    </td> </tr> <tr style='height:12.25pt'> <td width="420" valign="top" style='width:315.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> Net assets Federal tax basis </td> <td width="108" valign="bottom" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 11,227    </td> <td width="18" colspan="2" valign="bottom" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'>   </td> <td width="102" valign="bottom" style='width:76.5pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> $ 11,780    </td> </tr> <tr align="left"> <td width="420" style='border:none'></td> <td width="108" style='border:none'></td> <td width="16" style='border:none'></td> <td width="2" style='border:none'></td> <td width="102" style='border:none'></td> </tr> </table> 72007 72017 72017 72032 0 0

112000

1013000

4109000

10599000

37000 595000 632000 1796000 7386000 9182000

2047000

19785000

21832000

277000

366000

643000

-528000 -12765000 -13293000 1796000 7386000 9182000

112000

1010000

1122000

4109000

9751000

13860000

67000 588000 655000 1933000 6956000 8889000

2047000

19046000

21093000

284000

422000

706000

-398000 -12512000 -12910000 1933000 6956000 8889000

412000

2708000

3120000

413000

1882000

2295000

24000

645000

669000

107000

434000

541000

544000 2961000 3505000

-132000

-253000

-385000

430000

2433000

2863000

384000

1648000

2032000

24000

599000

623000

114000

430000

544000

522000 2677000 3199000

-92000

-244000

-336000

2047000

112000

4109000

4221000

2462000

19785000

1013000

10599000

11612000

4821000

21832000

1125000

14708000

851000

4221000 11612000 15833000 4210000 9065000 13275000

11000

1696000

1707000

4221000 10761000 14982000

107000

428000

535000

2462000

4821000

7283000

2241000

3967000

6208000

114000

426000

540000

2355000

4393000

6748000

3533000

0 55000

3478000

-542000

-1633000

1094000

4903000

552000 3270000 7590 44950

6716000

72587258000

12323000 12500000 -79078000000 -8073000 95000 95000 11227000 11780000 0000859921 2014-01-01 2014-12-31 0000859921 2013-12-31 0000859921 2014-06-30 0000859921 2014-12-31 0000859921 2013-01-01 2013-12-31 0000859921 us-gaap:GeneralPartnerMember 2013-01-01 2013-12-31 0000859921 us-gaap:LimitedPartnerMember 2013-01-01 2013-12-31 0000859921 us-gaap:GeneralPartnerMember 2012-12-31 0000859921 us-gaap:LimitedPartnerMember 2012-12-31 0000859921 2012-12-31 0000859921 us-gaap:GeneralPartnerMember 2013-12-31 0000859921 us-gaap:LimitedPartnerMember 2013-12-31 0000859921 us-gaap:GeneralPartnerMember 2014-01-01 2014-12-31 0000859921 us-gaap:LimitedPartnerMember 2014-01-01 2014-12-31 0000859921 us-gaap:GeneralPartnerMember 2014-12-31 0000859921 us-gaap:LimitedPartnerMember 2014-12-31 0000859921 fil:UnauditedMember 2014-01-01 2014-12-31 0000859921 fil:MaterialInvesteeMember 2014-01-01 2014-12-31 0000859921 fil:UnauditedMember 2014-12-31 0000859921 fil:MaterialInvesteeMember 2014-12-31 0000859921 fil:UnauditedMember 2013-12-31 0000859921 fil:MaterialInvesteeMember 2013-12-31 0000859921 fil:UnauditedMember 2013-01-01 2013-12-31 0000859921 fil:MaterialInvesteeMember 2013-01-01 2013-12-31 0000859921 fil:LincolnGroveMember 2014-12-31 0000859921 fil:MichiganBeachMember 2014-12-31 0000859921 fil:UnauditedMember 2012-12-31 0000859921 fil:MaterialInvesteeMember 2012-12-31 shares iso4217:USD iso4217:USD shares EX-101.LAB 8 ntci2-20141231_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Other Liabilities Net Income (loss)and distribution Per Limited Partnership Interest Statement of Changes in Partners' (Deficiency) Capital Limited partners Assets {1} Assets Document and Entity Information: Investment in Local Partnerships {1} Investment in Local Partnerships Mortgage Note Receivable Balance, Beginning of Year Mortgage Note Receivable Balance, Beginning of Year Mortgage Note Receivable Balance, End of Year Summary of mortgage note receivable activity Equity Components General partner Amendment Flag Document Period End Date Net Assets Condensed Combined Balance Sheets of the Local Partnerships Abandoned Interests Statements of Cash Flows Operating Expenses: SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances Depreciation, Depletion and Amortization, Nonproduction Rental Income, Nonoperating Partnership Assets Partnership Assets Equity Component Scenario, Unspecified OutstandingLimitedPartnershipInterests Policies Advance recognized as expense as income (loss) Gain from sales of limited partnership interests in Local Partnerships Loss from partnership operations Loss from partnership operations Lincoln Grove Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest Partnership Liabilities and Equity (Deficit) Partnership Liabilities and Equity (Deficit) Notes Statement {1} Statement Statement Equity in income (loss) of Local Partnerships and amortization of acquisition costs Other Income {1} Other Income SEC Schedule III, Real Estate, Improvements Other Partnership Assets Buildings and Improvements, Gross Unaudited Impairment Losses Schedule of Reconciliation of accumulated depreciation Schedule of Encumbrances and Investment Properties Impairment of Long-lived Assets Method of Accounting For Investment in Local Partnerships Note 5 - Income Taxes Change in Other Assets Change in Accounts Receivable General Partner Revenues: Statements of Operations Accounts payable and accrued expenses Accounts receivable - limited partners Entity Common Stock, Shares Outstanding Segment Reporting Advances to Local Partnership Change in Accounts Net Income (Loss) per limited partnership interest Net Income (Loss) allocated to limited partners (99%) Total assets Total assets Mortgage note receivable Entity Well-known Seasoned Issuer Interest Expense Operating Costs and Expenses SEC Schedule III, Real Estate Accumulated Depreciation SEC Schedule III, Real Estate Accumulated Depreciation SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance Variable Interest Entities Use of Estimates Cash and Cash Equivalents Cash flows provided by (used in) investing activities: Change in Accounts payable and accrued expenses Change in Accounts payable and accrued expenses Cash flows from operating activities: General and administrative Entity Central Index Key Real Estate Assets Real Estate Assets Real Estate Assets Properties Schecule of Reconciliation of real estate Total liabilities and partners' (deficiency) capital Total liabilities and partners' (deficiency) capital Cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Balance Sheets Document Type Number of limited partnership interests Note 6 - Contingencies Advances made to Local Partnership recognized as expense Document Fiscal Period Focus Entity Registrant Name Net income (loss) per tax return Land Estimated condensed combined statements of operations for Local Partnerships Basis of Presentation Management fees - general partner Other assets Net assets - Federal tax basis Partnership Equity (Deficit) Partnership Equity (Deficit) Reconciliation between the Partnership's reported net income and the net income (loss) per tax return Net cash flows provided by (used in) investing activities Partners' (deficiency) capital, beginning balance Partners' (deficiency) capital, beginning balance Partners' (deficiency) capital, ending balance Total operating expenses Total operating expenses Legal and accounting Entity Filer Category Entity Public Float Assets Reconciliation, Other Net income (loss) per limited partnership interest Properties {1} Properties Expenses Material Investee Details Tables/Schedules Organization Note 3 - Mortgage Note Receivable Net decrease in cash and cash equivalents Net decrease in cash and cash equivalents Proceeds from sales of limited partnership interests in Local Partnerships Proceeds from sales of limited partnership interests in Local Partnerships Adjustments to reconcile Net Income (Loss) to net cash used in operating activities: Net Income (Loss) {1} Net Income (Loss) Tax expense Interest Income Current Fiscal Year End Date TotalExpenses Fair Value of Financial Instruments Mortgage Note Receivable Note 7 - Subsequent Events Net Income (Loss) allocated to general partner (1%) Net Income (Loss) Net Income (Loss) Deferred offering costs and intangibles Depreciation Michigan Beach Other Notes Payable Scenario Note 4 - Transactions With Affiliated Parties Note 1 - Organization and Summary of Significant Accounting Policies Equity in loss of Local Partnerships Equity in Losses of Local Partnership Limited Partners Liabilities: Document Fiscal Year Focus Entity Voluntary Filers Investment in Local Partnerships Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets Note 2 - Investments in and Advances To Local Partnerships Net cash used in operating activities Net cash used in operating activities Change in Accounts Receivable - Limited Partners Total partners' (deficiency) capital Total partners' (deficiency) capital Partners' (deficiency) capital: Entity Current Reporting Status EX-101.PRE 9 ntci2-20141231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 10 ntci2-20141231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000210 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies) link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Details) link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Tables) link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Abandoned Interests (Policies) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Method of Accounting For Investment in Local Partnerships (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Policies) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Balance Sheets link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) link:presentationLink link:definitionLink link:calculationLink 000300 - Disclosure - Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Tables) link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Note 7 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 6 - Contingencies link:presentationLink link:definitionLink link:calculationLink 000370 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Details) link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Policies) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships link:presentationLink link:definitionLink link:calculationLink 000410 - Disclosure - Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Details) link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Tables) link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Statement of Changes in Partners' (Deficiency) Capital link:presentationLink link:definitionLink link:calculationLink 000420 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Details) link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Segment Reporting (Policies) link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Variable Interest Entities (Policies) link:presentationLink link:definitionLink link:calculationLink 000390 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Details) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note 4 - Transactions With Affiliated Parties link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Details) link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Statements of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Details) link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Details) link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000430 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Details) link:presentationLink link:definitionLink link:calculationLink 000310 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statements of Operations link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 5 - Income Taxes link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Tables) link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Tables) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies) link:presentationLink link:definitionLink link:calculationLink 000400 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Details) link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Tables) link:presentationLink link:definitionLink link:calculationLink 000380 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Details) link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note 3 - Mortgage Note Receivable link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Tables) link:presentationLink link:definitionLink link:calculationLink GRAPHIC 11 ntci2_10k002.gif IMAGE begin 644 ntci2_10k002.gif M1TE&.#EAFP%7`/<`````````,P``9@``F0``S```_P`S```S,P`S9@`SF0`S MS``S_P!F``!F,P!F9@!FF0!FS`!F_P"9``"9,P"99@"9F0"9S`"9_P#,``#, M,P#,9@#,F0#,S`#,_P#_``#_,P#_9@#_F0#_S`#__S,``#,`,S,`9C,`F3,` MS#,`_S,S`#,S,S,S9C,SF3,SS#,S_S-F`#-F,S-F9C-FF3-FS#-F_S.9`#.9 M,S.99C.9F3.9S#.9_S/,`#/,,S/,9C/,F3/,S#/,_S/_`#/_,S/_9C/_F3/_ MS#/__V8``&8`,V8`9F8`F68`S&8`_V8S`&8S,V8S9F8SF68SS&8S_V9F`&9F M,V9F9F9FF69FS&9F_V:9`&:9,V:99F:9F6:9S&:9_V;,`&;,,V;,9F;,F6;, MS&;,_V;_`&;_,V;_9F;_F6;_S&;__YD``)D`,YD`9ID`F9D`S)D`_YDS`)DS M,YDS9IDSF9DSS)DS_YEF`)EF,YEF9IEFF9EFS)EF_YF9`)F9,YF99IF9F9F9 MS)F9_YG,`)G,,YG,9IG,F9G,S)G,_YG_`)G_,YG_9IG_F9G_S)G__\P``,P` M,\P`9LP`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`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`S#C;88(.--^B@@PXZZ*"##C;88(,--MA@@PTVZ*"##CKHH(,- M-MA@@PXZZ*"##3;88(.--^B@@PXZV&"##3;88-,-.NB@@PXZV&"##3;88(,- M-MB<@PXZZ*"##CKH>(,--MA@@PXZZ*"##CKH:(,--MA@@PU`S*%#APX=.G3H MT*'+A@T;-FS8L&'#A@T;-FS8L&$[APX=.G3HT*%#APX=.G3HT&'#AO\-VS9T MZ-"A0X<.'3ITZ-"A0X<.'3ITZ,9APX8-&S9LV+!APX8-&S9LV+!APX8-&S9L MV+!]0X?N'#9LV+!APX8-FS9TZ-"A0X<.G3ELV+!APX8-&[9RV+!APX8-&[9N MY]"A0X<.'3IQV+!APX8-&S9LV-"A0X<.'3ITZ-"A0R<.&S9LV+!APX:M&SAP MX,"!TX8-&S9LV+!APX8-'3ITZ-"A0X<.'39LV+!APX8-&S9LV+!APX8-&S9L MV+!APX8-&S9LV+!APX8-&S9LV+!APX8-&S9LV+!APX8-&S9LV,*A0X<.'3EL MV+!APX8-&S9LV&"##3;88(,--MA@@PTVV&#_`PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..MA@@PTVWZ"##CKHH(,..NB@@PXZZ*"##CKHH`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`3#C;88(,--MZ@@PXZZ&"##3;88(,--N>@@PXZZ&"##3;88(,- M-MA@@PXZZ*"##CK88(,--MA@@PXZZ*"##CKHH),--MA@@PTVV:"##CKHH(,. M.NB@@PXZZ*"##CKHH%,.-MA@@PTVV&"##CKHH(,..NB@@PXZZ*"##CKH8(,- M-MA@@TTXWZ"##CKHH(,..N"`XPTVV&"##3;88(...=A@@PTVV&"##3;88(,- M-O_88(,--MA@@PXZZ*"##CKH;(,--MA@@PTVV(R##CKHH(,..NAP@PTVV&"# M#3;HH(,..MM@@PTVV&"##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"# M#3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"# M#3;88(,--MA@@PTVV&"##3;88",..NAD@PTVV&"##3;88(,--MA@@TTYV6"# M#3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTXX'R# M#CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CK_Z*"##CKHH/,--MA@ M@PTZZ*"##CKH``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`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`PXXZ*"##C;88(,--MA@@PTVV&"# M#3;88,,-.NB@,PXVV&"##3;8G(,..NB@@PXZZ*"##CKHC(,..NB@@PXZZ*"# M#CKHH(,..=^@XTTYZ*"##CK@8(,--MA@@PTVV("##CKHH(,..NB@@PXZZ*"# M#CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZW&"# M#3;@H(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ'"##3;88(,--NC_H(,..NB@ M@PXZV&"##3;88(,--MA@@PTVV&"##3;=H(,..NB@@PXVV&"##3;88(,--MA@ M@PTVV&"##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"#C3CHH(,..NB@ M@PXZZ*`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`,..NB@@PXZZ*"##CKHH(,..NB@ M@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(-.-MA@@PTVV&"#C3CHH(,..NB@ M@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@ M@PXZZ*"##CKH8(,--MA@\PTZZ*"##CKHH(,..NB@@PXZZ*`##C?88(,--MA@ M@PTVV&"S#3;88(,--MA@@PTVV&"##3;88(,-_S;88),-.NB@@PXZZ*"##CK8 M8(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"##3;8 MG(,..NB@@PXZZ*"##CKHH(,.-MA@@PTVX:"##CKHH(,..NB@@PXZZ*"##CKH MH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..N)@@PTVV&"##3;8 M8(,--N"4@PXZZ*"##CKHH(,..NB@@PXZY)"##CKHH(,..NB@@PXZZ*"##CKH MH(,..NB@B@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@ M@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..M^``PXXW6"##CKHH(,..NB@ M@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..N&< M@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@ M@PXZZ*"##3;88(,--MB0@PXZZ*"##CKHH(,..NB@_X,..NB@@PXZZ*"##CKH MH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKH MH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@DPTVV&"##3;8 M8(--..B@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKH MH(,..NB@@PXZZ*"##CKHH(,..NA@@PTVV&"##3;?H(,..NB@@PXZZ*"#3CC8 M8(,--MA@@PTVV&"##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTVWZ"##CKH MH(,..NB@@PXZV&"##3;88/^##3;88(,--MA@@PTVV&"##3;88(,--MA@@PTV MV&"##3;89#,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ``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`S#CKHH(,..NB@@PXZZ*"##CKH MH(,..NB@@PXZZ*"##CKHH(,..O_HH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MY&"##3;88(,--MA@@PTVZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##3;88(,--MA@@PTV MV&"##3;88(,--MA@@PTVVJ"##CK88(,--MA@@PTVV&"##3;@A(,--MA@@PTV MV)"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH-,--MA@@\TW MWZ"##CK_YW"#C3;@?(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,. M.NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@`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`,..NB@@PXZZ*"##CKH MH(,..NB@@PXZZ*"##CKHH(,..NB@@_\..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@@PXZ MZ*"##CKHH(,..NB@@PXZZ*"##CKHH(,..NB@ XML 12 R39.htm IDEA: XBRL DOCUMENT

Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Real Estate Assets	$ 14,982fil_RealEstateAssets	$ 13,275fil_RealEstateAssets
SEC Schedule III, Real Estate, Improvements	851us-gaap_RealEstateImprovements	1,707us-gaap_RealEstateImprovements
Real Estate Assets	15,833fil_RealEstateAssets	14,982fil_RealEstateAssets
Unaudited
Real Estate Assets	4,221	4,210
SEC Schedule III, Real Estate, Improvements	0	11
Real Estate Assets	4,221	4,221
Material Investee
Real Estate Assets	10,761	9,065
SEC Schedule III, Real Estate, Improvements	851	1,696
Real Estate Assets	$ 11,612	$ 10,761

EXCEL 13 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0`!@`(````(0"$YM"'"`(``((;```3``@"6T-O;G1E;G1?5'EP97-= M+GAM;""B!`(HH``"```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````#,F=%NVC`8A>\G[1TBWT[$ MV,[:;B+THNTNMTIK'\!+?DA$8ENVV\';SPDMJBH&0D/:N2$BL?_S8:3O(F=V MO>Z[[)E\:*TIF:S6UKHIRYF=^MT>TOBJ0LLN]DN'+)*IIWKVDK'1,J?3?TN9?*2D*>=XYK0 MM"Y\2AB,[TT8GOP]X&7?CW0TOJTIN]<^?M=]PN#KCO^V?O7+VE5^>,@>2KM8 MM!75MGKJTPGDP7G2=6B(8M_EXS7O=6M>N0_DCXL#'R_BS"##[QL'G\@A03@4 M"$8HH"@&%6@*%6@.%6@2%6@6%6@:%6@>%6@ MB%6@F%6BF%6BF%6BF%6BF%6BF%6BF%6BF%6BF%6BF%6BF%6AF%6AF%6AF%6A MF%6AF%6AF%6AF%6AF%6AF%6AF+5`,6N!8M8"Q:S%_S)K3`T#\?'SW_^4<P"3N'[6-HR1`]_:$`X)*8]O1]N?//UO>[N9I5!\<8B]. MP[HH0;$S8GO7:GBMGU8/H&(B9VD4QQJ.'&%7W=YL7WBDE)MBU_NHLHN+&KJ4 M_"-B-!U/%`OQ['*ED3!1RF%HT9,9J&74"T\U<%J"`=[!ZH^^CSY MLK$SO+=N5#9@NIS]NHFD++28,5\YS3$$X4UD^&'!Q0]47P`` M`/__`P!02P,$%``&``@````A``IZ.`0S`@``J1H``!H`"`%X;"]?$TCZG$#PG,#2D<`X$Z1U;:"N MC70O86`OP=*)R3`Q[:*)F?*K`7^QG-.E/OUBB"6=M_C&PO=V]R:V)O;VLN>&ULE)=-4]LP$(;OG>E_ M\/A>''_$`8;``(4IAP)3*!PUPE9B#;:42DH"_?5=RXV]_DK+*9&=??7N[J.U M`)^RJ3=<&$J404RZD!^SKC*^V>GBQXSIZJC!RZ M6MW2`GR_Y:Z34VVN4FY8.G>GL)1;UKJ@UJN+-<_A[E$X"5WOM$[R7CDI6]!U M;AXAO9TZU"N(@B`N?UF6XHFSK6Z"RJ7S]LQ%*K?E3Z&T[_4J!`-;>^N9IR:# M^Y/)I+[VC?%E9G870=Y#^K:"L(_]=(1-;U<1`ITB5\)P\TYN1%5]+J&%9=5O M(#/?==0QAR_J)O5+XUCE@N94)(P\E+_6*"J*4%C0#7LPU$!5A-%$+LC=BJFJ M'T@@1/&VLGC;.KX,O\RH6#)-N"#W5!G!D$H$!:K=1_MM7%*=D6OH,UB^:_5H#9>1J4[*&]P_P_CT^]S<6=J]K.<6<^CU0]PN!B48( M'QB_A^I^(3#1"&%D_0\R"R8:(0RM/TSM*/Q@HA'"V/K#W(X*@8E&"(/K#Y,[ M*@0F&B&,KC_,[JA0^7S;#<<8]W<-3#1"&.F@AS0<8PG/7)96DQ83 M&&.4@Q[*G4B,7(S9#7KL=B(Q8S&&-1B&=72@M%6KE@6*L'K*WM MWZ>=;<2H4"LU#&LP#.NH$#X^,88U&(9U5`@?GQC#&@S#.CKV<;%G&-9P&-;V MQ"8E`S!]N@BZL98G1A ML3\23Y_R!:Q)^X.L8J%9R_SP8!TE`X^Q$+,*BTXN^Z''8VS6*LH'6<5C+,2L MPJ+CJ-,7G$N$X81%)]+F,DHYG@01IA,60T*C=+:$,)U1C\[]F..1,L/@1!96 MSPXG>"5/:)[`?X7RP[YL1].XFO[>[N_2Z1\```#__P,`4$L#!!0`!@`(```` M(0`&PO=V]R:W-H965T&ULE%;; M;J,P$'U?:?\!\5XN(5R"DE0MJ+N5=J75:B_/#IA@%3"RG:;]^QW;A&!2==.7 M`)XS)V?.##;KVY>VL9XQXX1V&]MW/-O"74%+TNTW]N]?#S>);7&!NA(UM,,; M^Q5S^W;[^=/Z2-D3KS$6%C!T?&/70O2IZ_*BQBWB#NUQ!Y&*LA8)>&1[E_<, MHU(EM8V[\+S(;1'I;,V0LFLX:%61`N>T.+2X$YJ$X08)T,]KTO,36UM<0]0&&`HVS""5301L0`+]62^1D@"'H15V/I!3UQ@XB)XR]P`>XM<- MAM':?886%@/D7D/@!3Q#$A.2O0%9F9#\$A)Y(\2%$L8ZH"W3.M[7+\$S_?%( MJTJ\UY!$C8"L.9LOY),%0PFT=JKD.D=ETL8&RM&NR)\ITI!8V7T3+L\^*,'9 M-+Q:!K/L?!I.DM4Y;&B'"9AJ?]]%"38UAXN99@U9:LW^;$8R'8U.47_6@WP6 M#X*1W1`-+\Y4]'6&RR13?#07KR&#^'`^X9D.:_5QXB]'<:H?N1%>A.?A-[1' MIO;W#9=@4_.%X1IRTFQ*RLQ@,+?;#"_/=AB*8:OYN-LRR50>G9NI7S@-.8WW M?/JS:3A>Q'/MTW`43R9-:]='B][X6LSV.,--PZV"'N2Q$<`$CJOZ1+OW4]@" MX"B9K6=^"CO!Y7H.)Z!:=\<$.(%ZM,??$=N3CEL-KN"O/$?N\TR?8?I!T%[M M13LJX.Q1MS5\:F#8=#P'P!6EXO0@3\GQXV7[#P``__\#`%!+`P04``8`"``` M`"$`'+EER36.1R=&0YY:&;]Y:T]>B^\'YKNM/')(O0]?JJ[;7/:;_R__WJXRWQO M&*O3MCIV)[[QO_/!_W+_\T_KUZY_&@Z+M':>DZXMNJ?GL]W==>>(<1CEN^JY^/X9_?Z*V_VAQ&F>PD9B<16V^^,#S54%,(LZ%)$JKLC"("?7MN( MUH"*5&_R]VNS'0\;/TH6RS2,"-"]1SZ,#XT(Z7OU\S!V[;^*)#.Z!J$Z2`SJ M-4X7-%N29?)YE$`ID@FR:JSNUWWWZD'7P#N'Y@`%)&J.$F(U3(V&K'Q); M_\>%%F2L&TUXH3BQ+'02H?DN+72)QK(+*K8]LQO26T0*,A:)UX_BJ.+FQ%B] MLBM+$\ZR++>GABG8[07AK,:V]7$M!1G+1#M-H3A*)B694TT;#W/4]$SAKM#\ M%J&"C(6B9BL41T]ZC&24)IJ&:"[8!<633F"CG%].R<8RT<05FJ07%8DHKEB) M�G>"/0#+>H1/B",?WSM@(Y"NG.T3L+3?K??K7PB8;5^(1F81.&YH];EBA3 M,?V`1+AG-4F^2ZTFYPDSGU@+G0@_F*]'N8>IASK^)$-N?-6;8%#V6BX_AMD5 M=KI3&,)\I+4UR9$SIZ/(M#X_;K5%YBZT0[9$%,/R)ICO#2QO,([;],XQ.-(0QBOE9E)[965)>" M6)X4Q@@O/\&9QB>T"I^8KU6YBJT5NQ:Y6(^8?YHZ4BTX0ZW/KJ-Q!]";C$NR MD0'@$T>A26H3NUM2E$EIXU&.<';%':T_9%I4?06RJNN8EB:IK6&B:VW<[5J- MNYU`X;WS.T&R[?J2"-6GT"3Y+F5:SA-F/K%V)GJ3:4FVK<?XEB:IW6"9(ULK;3A#O@1>=XUV:I'H@2I"4TH)CBDYE[`KC'A!W%_/W5LFV][+(\2Y-TDN- MT#3!A<6,)3ZE,\UP*PL7K);>>4=;.0KI=OQ+D]3-UD3O6OA$[VK7`?` MC>^YVO/?JW[?G`;OR'?PJG"1PB;9JSMC]6'LSO+.\;$;X:Y7_GF`NWT.EXOA M`LB[KALO'T337/];/(-J7]]SNV(:+0:>P&$OOUX_=\97'[ MHEKR#,9*W14T2U)*H!.ZE%U=T)\_'JYFE%C'NY*WNH."OH*EM\N/'Q8[;9YL M`^`($CI;T,:Y?LZ8%0TH;A/=0X<[E3:*.WPU-;.]`5Z&0ZIE>9I>,\5E1R-A M;BYAZ*J2`NZUV"KH7(08:+E#_[:1O3W0E+@$I[AYVO970JL>$1O92O<:H)0H M,7^L.VWXIL6X7[(Q%P=V>#G#*RF,MKIR">)8-'H>\PV[84A:+DJ)$?BT$P-5 M05?9?#VF;+D(^?DE86>/GHEM].Z3D>47V0$F&\OD"[#1^LE+'TN_A(?9V>F' M4(!OAI10\6WKONO=9Y!UX[#:$PS(QS4O7^_!"DPH8I)\XDE"MV@`?XF2OC,P M(?PE_.]DZ9J"CJZ3R30=92@G&[#N07HD)6)KG5:_HRC;HR(DWT-&Z'Z_GR?Y M;))-KO]-8=%1"/">.[Y<&+TCV#1XI^VY;\%LCF0?V1@]11]#K'\+%6/TD)6G M%!2['8];+,_SX-'C/S8X_M9/UCQ8F_% M5\%[NXL+R!Z\Y2?WOJ.8#I(W3C!#ESOQ8JSTT<6CZ63@1G-1$UHW+*R/%M[< M//Z?F[VXH!C6$/)HEI[<'#734*R3/1PE?_YT+_J)0Q)[2(&I80UM:XG06S\` M.?*&U6$V5[DOQ\GZ'&PO=V]R:W-H965TIY!R>5TI):6.J:F%YS6OI+ MLB5I'$^(I*+#@6&FW\.AJDHP?J_83O+.!A+-6VI!OVE$;XYLDKV'3E*]W?4W M3,D>*#:B%?;%DV(DV>RQ[I2FFQ9\/RU_\Q%W5BH]A@,.5^S\N6>&P8)!9HH M'3LFIEH0`$\DA>L,2`A]]N^]*&U3X&P2C?,X2P".-MS8!^$H,6([8Y7\'4#) M@2J0I`>2#-0?SM,HG8Z3\>3_+"0H\@;OJ:6+N59[!$T#,4U/70LF,V!VSD:@ M*>@8O/[-*GAT)$O'4F#H=KANH#Q/BRS/Y^0)[/MDXBSPZC^SJE$$?_SL7[E*!P=Y@/2[V5S##ON/)<``SU-.: M?Z6Z%IU!+:^`,HYR:%`=IC`LK.I])V^4A>GQGPW\+#F4/XX`7"EECPO77,/O M=_$'``#__P,`4$L#!!0`!@`(````(0"X)?T20@(``.<$```9````>&PO=V]R M:W-H965T8:/W.#[_..'1:_TUM2<6P0,KIX"SNETI):6.J*F$YS6O@BV9#Q:#0CDHH6!X94OX=#E:5@?*783O+6 M!A+-&VI!OZE%9\YLDKV'3E*]W74W3,D.*#:B$?;H23&2+'VJ6J7II@'?AWA" MV9G;+Z[HI6!:&57:".A($'KM^8[<$6#*%X4`!RYVI'F9X8S-X1J96_2.B:D&!,`52>$F`P*A!W_O16'K#">S:#H? M)3'`T88;NQ:.$B.V,U;)7P$4GZ@"R?A$DH#ZT_XX&M].X^GL_RPD*/(&5]32 M?*%5CV!HX$S343>"<0K,SMGDK\[`DJMY<$6^%-`&NK'/D_ED0?80(3MA'J\Q MX]>(Y1N(^05"0-]%)%@?BGP[]K,X!X:`,1J(FUYXO8''@)GX?)VCY>#%JY.! M9GBRBR>!\?FW`E>48:`<*)C]H2!@9CZ\.7S-+\Z]0IAFQW'9CU_V@[XPJZ&5 M':WX,]65:`UJ>`FGCJ(Y-%&'20T+JSK?LHVR,&'^L88?"@?WHPC`I5+VO'#? MPN47E?\&``#__P,`4$L#!!0`!@`(````(0##\#+WD`0``*4/```9````>&PO M=V]R:W-H965TJ/6_QXI+Z@IR`1?40MO3KAK"@J/W=DCUPX5Q]ZIJ;U@.IU[35&U M+F>(NV4D':H+"O&32W4EDJTIGZ%KBN[E=OU4XN8*%(>J MKNA[3^HZ31E_.;>X*PXUZ'[S9T4IN?L'B[ZIR@X3?*(3H/-XH+;FE;?R@&F[ M/E:@@*7=Z=!IX^[\./=#U]NN^P1]K]"=*/\[Y(+OOW75\6O5(L@VU(E5X(#Q M"S/]BRQ[,B"*NL!LEL%(NJ46DEE(KB*:%EB_IA8_FK"! M0"]5^9)@$`<+9J210EBS?"4S#EV)0.:/KN%(&/0+/9CZ,[UHJ?#@$YA,R<]=('HH2^,T(41Q*(4;JD;I=Q(56,A^2C18S!J`GU8^,\7 MI;?6I4E(TV8V^UY::>+"J2%.6*GJ;"@?YWILK+H^MELJ3<>/2S\Y('R^Y<+< MED,KD9`F.S2'G;2"BCQJ&AJ+,156FFS^107*_XM+E\TVV/\MF^_2FFP!Z;*- MP;'WN54`O:7(?DP%<=+A5HK&3#@J4#[.]5CVNFRV37\@^QN^0O>.;@?*3(7C MN[F`)=0?[/FDL:'4AC(;8K>#GK[GXN'STSX_I#:H.Z,]JFOBE/C&3O)0@.UZ M@/DU`YHFSJ`EH"&M-P&\"4;>P-5D-X8G[,HR8I\$,1S4["\D80SG(1O?S>(= MB+-?)+,83B,C>!3#SF[CV3R&[='&TT4,6]`(OHRS?N*;J5C%V6K,WI]"BO@] M:W"!2]*U.*,_BNYO6?R!BAXZ8`K7H[Z=+G`=1K#G3R=P M[CAA3.4#A.H-%^SMOP```/__`P!02P,$%``&``@````A`+RK*3*S!```.A`` M`!D```!X;"]W;W)K&ULI%==CZLV$'VOU/^`>+\! M0SY1DJL`H;U2*U75;?M,B).@!1P!V8]_WQELL(WI=E?W9;,<9@YS9L9C>_OU MM2RL9UHW.:MV-IFYMD6KC)WSZKJS__J>?%G;5M.FU3DM6$5W]AMM[*_[GW_: MOK#ZJ;E1VEK`4#4[^]:V]\!QFNQ&R[29L3NMX,V%U67:PF-]=9I[3=-SYU06 MCN>Z2Z=,\\KF#$']$0YVN>09C5GV*&G5W_-[T;&7V$;HRK9\> M]R\9*^]`<V!Q_.S^UM9_O+V6+E^@3,K1-M MVB1'2MO*'DW+RG^X$1%4G,07).`A2(@O2=YQ7`I'^)6.Z\5BOERO@,ST='CX M73;BM$WWVYJ]6-!B$&!S3[%A20!LF(;YP#`DYK_R`@E!D@.R[&Q8&^#>0#&? M]_[*W3K/4(!,V(2F#=$MHMX"LXVT\1@XCH%$`1Q0-,B"LHQE875Y8CXL"UE0 M5A]0V`-2IS?2T%OT+O$8.(Z!1`$T#=`=JH;ISNPK@,;0@VH%%AL]MI#;>*M! M3V0@L8$<#211$2WB^61H((F*:"%#4ZA) MQO[W89A\LE&0I=/2EST<$$6=N]8+$@U&O5ML($<#251$TP+K5]7R?L.@L1ZR M0)8RUP+A\Z];D1SQ^!A#Y&@@B8IH\:WT^/J1^\E<(XL>N$"4P#D"8:K9'RV' M>##JLW\TD$1%-"UX#AC-3;*8X?!M;WGV%#)H)/C\1`U\F(]\:B*'KD0@BA*. M^.CTO/=<,M=;*![>#R($ARQ:(FR\GL,?.#1)&U,2+H4)";#%]1K02=<@$.@" MN:[):#.(N)&/Z1IV##):_/%@-&@3W'(B)P.B$LFAK`DDH.:'B]:1Z(I[2)T&D3W](KJ'@+U2OX6TW4EN$G^:*]V)"/9?/,ENJ#E$(20 MS:U\:$(EU)5N%0MZL)*R!;V$$F'E01T5+CE5]6KCOOJ.[._L#GK^K[\)WYWY M4;13%/:0LDH%Y,M]*C:A8^^H*A+T':2'C[OL*'S?_>2$(7RKUJ(7D%ZUT6R, MA*,/\T]FVANMXEA:R:H)>E4CA_2J>7*QZ[)QIQ[)5@?K!ZO&]WM-MX#\H<,B M/'O@\))0;$)'$\*+B73DX?.+!C]:E[2^TH@616-E[(&7"#A[[K<#S&\X$2$! M]CVDSGCCP1MO\HT/;[IX1SYP7SI,>81XCYI@"KT`#I[FMT,_@/.=B1_FP0%D MFR_">0"GJPE\$&PO=V]R:W-H965T/9`2=8!8QLIVG__:XQ4`Q9U^ZE-"?WGIQS[_7%ZP^/56D\ M8,8)K3>F:SFF@>N,YJ0^;9M4E;;G.$N[0J0V M%4/$7L-!CT>2X81FYPK70I$P7"(!^GE!&MZS5=EKZ"K$[L_-34:K!B@.I"3B MJ24UC2J+/I]JRM"A!-^/[@)E/7?[849?D8Q13H_"`CI;"9U[#NW0!J;M.B?@ M0);=8/BX,7=NE(:FO5VW]?E%\(6/_C=X02\?&1D0$'0X\;TX(=)+HJ-Z2^M8.7X+H0;!\S%'9&4II&=N:#5;Q7D=E2* MQ.](X-F1N*[E+IREY'@A;]'EP;//\RSO-G"#?V4";RL;GGWF2[]H*]=M$1,D MT';-Z,6`P01?O$%RS-T(N&3U?.B!TCS4\V_EA#I*DIUDV9APHB"=PP@\;/WE M[=I^@+YE74P\CW'UB'T?(9LD:9,ID(X`&PP,+J!Y4Q=R!M[H0K)(%_WOQSWP M;,N;2.XC^I1D"J0C0),,HS*6?'U<^_K*8&C,N+Y!J$N)58RW&N3O9T@R0](Q MHNF#D7R]/AD,$P2/T0!,!:H@K]T%;7_W,R29(>D8T01"?\<"_W-R)4NKO.]@ M/"#/7KS0T8N]'X+ZM&2&I&-$4[[4E;_<>AFL"^R0=BVJ.BK$\]N3YSGN0E>; M=!EJ_(%T[. M6S($]75/!V3,_1<[\I4_679N8*V@4:(@V7U,01ZLF"OV9&G5JI,"FB>$(.Q:,[9%2T7^0/S#< M7;=_````__\#`%!+`P04``8`"````"$`3V8Y-S<&``"'&0``&0```'AL+W=O M(9>?Z)FLW)^D<;^N?_UE^4[KE^9( M2.M`A'.SUEX7E,<294W(WHA9_AF3^LJ;^%C??":2TWR7>=4G;Q@/)Y[ M55Z>71YA4=\2@^[W94$B6KQ6Y-SR(#4YY2V,OSF6ET9&JXI;PE5Y_?)Z^5+0 MZ@(AGLM3V?[L@KI.52R^']];)+T%\E>6^T_SO-D;ZG=;G[7IX) M9!OFB[^6N/:[CT!\_3D(8]Q5'^+83#$_AR(1><9@+!WC>]Z90.,)3.@:WB8/%V8T1GM+S MJCB/3VI7(U'>YNME3=\=6'@P;(M(A$B,2()(BDBF4X,5;"D=55R1[MS[E@4*'MX M:%4;6GJYT02JJ#<*0KMP>Z-^3A&)$4D021')=&*D`$I53\'UB67&G5(YO@TG M($N2+2(1(C$B"2(I(IE.#`VP7^H:/CF-+(HICI-`:1,@Z':F*?0?4W.6H]Y` MIB-&)$$D1233B2$5=G@L=<0.HO98%B\;"M4%-38PC1,8--]D60Q3*"=3)528 MP*.O5G]BE70DC/A9S_;9>-#MPJXT''T.J"$NR8#CK.K++,A-5`NEBS M"R(I8\CM05N06IG!,U"OUIQWR*M MM,9%(M/1VJ,2::4<4XET1ZUW,?/`>AA9MO#__RA;9FT)%DB?4('T)8A0[".4 M8)0:R!PYZUQN'[GH?-3$;&!G[,3`_/03@WL4::6+$8X*Q=@JP2@UD"F&-2RW MBV'6UC0(9(C!?8FP`@%*\H/5UD9^;Z666X]T1^NG8H(=4X5T1]4(&EE@)YJ> M!;[MW+DHNR!FG4.`5]9;>^T,"MESWF5](;?[I@1Q_4MO7-=KZ`'[F8 MI^$"?NIAOO5G"W;$X&_@VONI.ZRL-VS@.KR[EK!Y`-?D`W$VDP5<%`W$GT+\ MP4"@;4C:9K:`JPH(Y/5OAFOP2WX@O^7UH3PWSHGL(6'C;K'5_"*=?VA%<_9, M6[@`AYQ"Z<$?/`C\MAZ/X.C>4]K*#^P%_9]0UO\```#__P,`4$L#!!0`!@`( M````(0`BC8^>W`,``"L-```8````>&PO=V]R:W-H965T&UL ME%=;;Z,X&'U?:?\#XCT!DUL3A8P*56=&VI56NW-Y=L`DJ(!9[#3MOY_OL\$% MTZG""^%R.-_Q^2XX^T\O9>$\LT;DO`I=,O==AU4)3_/J%+K?OSW.[EQ'2%JE MM.`5"]U7)MQ/AS__V%]Y\R3.C$D'&"H1NF3,2BKFO&85/,EX4U() ME\W)$W7#:*I>*@LO\/VU5]*\&?0C9U?1.W?$ MF5\_-WGZ5UXQXY4,0H0`81/S?A;D/ M,(IGPO3/NY"/*FW_-$[*,GHIY+_\^H7EI[.$2"NP`=W8I:\/3"20!H@U#U;( MFO`"*.#HE#G6$]A(7[2Z/)7GT%VLYZN-OR``=XY,R,<<*5TGN0C)RY\:1%HJ M31*T)/![;4D6\^!N15;K"2R+E@5^6Q8"A!]+\/1RE%,/5-+#ON%7!^H4!(N: M8M63'1!VMNA%&*-^YQ,8A"3WR!*ZT&!@@8!D/1_\O?<,Z4A:1*01<#0(,D3$ M'0(S"N*,0EA;7^'[">N$(!B%8`)16:1O].,&5MPQ8F$0`R%@S^U"$`PUTEOO MTK!J91JQ-%+CWHU!W.64N`@.75B3\7EEQ=4(.!K$>HB(.X2="2CTVPU`\%#( M9A@FTHB^D+LA(NX0MI#U%"$('@K9#L-$&K%2=;N$86YE*M;/5:8&B=E,D8'@ MH0QB]XB&:$..[W51W"%L0_#3UNOBCWL$P982JQK[3:P`'$'L(5L MIPA!L"7$:LY(0U!(=IC-2#!;@)(,!\R,6&F,.ZRMB<`7IN\.SK@%W/O8)?66 MI>YM,.@6;C%KY=,&*L[PHQM#MMS6Q!XS!C%*%,_!V6_3$',BQ,A"1;JJ^C3MBCQF# M&^5[O8DU#V#76=,3^YLVI[P23L$R>-6?;R`- MC=ZWZ@O):[5].W()^TUU>H8_)0QV/?X9OSN$7````__\#`%!+ M`P04``8`"````"$`!5"C7:L$``#U$0``&0```'AL+W=O7%C*?QY\_SWRQ67S[J$KGG3=M(>JER\:^Z_`Z%YNBWBW= M?_Y^'DU=I^VR>I.5HN9+]Y.W[K?5K[\LCJ)Y;?><=PYDJ-NEN^^ZP]SSVGS/ MJZP=BP.O(;(5395U\+79>>VAX=E&#:I*+_#]Q*NRHG8QP[RY)X?8;HN)UATD:7F8=\&_WQ:$]9:OR>])56?/Z=ACEHCI`BI>B++I/E=1UJGS^8U>+ M)GLI8=T?+,KR4V[UY2Q]5>2-:,6V&T,Z#XF>KWGFS3S(M%IL"EB!E-UI^';I M?F?S-(A=;[50`OU;\&,[^.RT>W'\K2DV?Q0U![5AG^0.O`CQ*J$_-O(1#/;. M1C^K'?BS<39\F[V5W5_B^#LO=OL.MCN&%?3[S-05%(,T8:N2B!`/QU MJD*6!BB2?:C_QV+3[9=NF(SCB1\R@#LOO.V>"YG2=?*WMA/5?PABDE2?)-!) M0F"OX\$XF,8L3FYG\9"16N!3UF6K12..#E0-S-D>,EF#;`Z93RM#'OU:OUHJ MT)-)OLLL*A>LHH7]>5^%,[;PWD'37&/6B(&6Z#$6(CTAY%8`O9XCK-SF&,(> M7E;_1$D.HI2"Q&)T`4(1Z07$I(<0CJ#=D.-U;A*\="%Y+T4X"_J\2M(U8B8H M)@M\&DZ'X6":A'V8L(H>827!4)F$E5E%>E:@Y!78.;5M$Y^+=_1@RAE)CD<6!:@/*Z8.6WC8E=\G+;F30( M^8W8X/VF"0[M?#0X3%""#_DY.S=T%IX10]"P"0=/Z.R6;]^PIDN&;837Y80@ M?2J8^!:[E)%X%)HN)!(9W2@SZ:<#([B^8P&Z[W5[TB`LY"2RW"LEX?BK`T!@V?E]!J5&T5=M M.+,-2H.07Q1:PJ96^(N77?"0K2NTS`+\&[RVXY=.'-3=\$5T M<-U6'_?P\PJ'&XT_!O!6B.[T1=Y&^Q]L5O\#``#__P,`4$L#!!0`!@`(```` M(0!8(U$\:@0``+H/```9````>&PO=V]R:W-H965TZ_[]CC)+;) MV=";W3#S>G@\]HSQZNM[VSAOM.AXOC[0M^(R=:`>>/>O; M8H#'_N#Q4T^+2@YJ&R_P_=AKB[IS,<*RGQ*#[?=U27-6GEO:#1BDITTQ`#\_ MUB=^C=:64\*U1?]Z/GTI67N"$+NZJ8G^[7[C2QSLG"]S4HFZ)^: M7KCVV^%'=OFEKZO?ZHY"MF&=Q`KL&'L5TN^5,,%@;S3Z1:[`'[U3T7UQ;H8_ MV>576A^.`RSW'&8D)K:L/G+*2\@HA)D%"FL-RO&W" MQ6+EO4$*2Z79H@8JX*8)3$7V0)&8DGPL"=-[&`_F<)L(I,>>2/AT(F*0.9$@ M-A&V*$GE4HC)9[8AUPP&43@FBGZX::ZI%8/6+H2\I2WR?0L)-8E,?$#2\)X1 MN3P9^J,;66Z+.T>WY#8P(6G3 M,878Q`S3T.38HD9A1HF?FO[,\(=I;$TS1_\8-/X_H$)L@D8^,4&VJ%&@\S2T M)I(9_FBAU8;<";GA#X/DOB!&@A.36S2!Y[4C!IG\81I9_*A!_B2PUR'3W7$2 M6#;HG7)##HE.,:5B*U^:+8ZMJ9\NN4/SIOB.CP M&N7GM2K5]O:SMOY6B>YOST:67+>861.-7..95K#BR^]IQ2H19HTLDO3>>O&0 M5H([>*Y;3$S1QC7,)VG#IJ\OZH.J-4X&GU@],"/HU^DTBTDGVO1T.FSJ.MV# MLM4[/_'G]L=E1E"@XVD6$T\TZ^EXV-IUO`=UBR*UMB0FHY+0#@C5]#2+B2=: MM88WL7"QP>N8#PH71?B=&*7C]J*=$HI2LR`E7HGPQM#2_D`SVC3<*=E97'=" M:/HW*U[%MF0)G\S0["U[1I;PY3RVYW!UDW;O-@!N3J?B0'\O^D/=<:>A>WB5 M/TN@['J\>^'#P$[RVWW'!K@SR9]'N"-3.&3\&8CWC`W7!WBQ=[MU;_X#``#_ M_P,`4$L#!!0`!@`(````(0#J4;\C;0,```X+```9````>&PO=V]R:W-H965T MP$#(14FJAJJ[*^U*J]5>GATP MP2I@9#M-^_<[M@F)R:U]:0,^/CYS9CS,_/ZUKIP7P@5ES<)%7N`ZI,E83IO- MPOWS^^ENXCI"XB;'%6O(PGTCPKU??OXTWS'^+$I"I`,,C5BXI93MS/=%5I(: M"X^UI(&5@O$:2WCD&U^TG.!<;ZHK/PR"Q*\Q;5S#,./OX6!%03/RR+)M31II M2#BIL`3]HJ2MV+/5V7OH:LR?M^U=QNH6*-:THO)-D[I.GDZV59(5O\S(-11&9*P(XE`?;<>>N%DA$;);1;? M*-(!/F*)EW/.=@Y4#9PI6JQJ$,V`>1^9T=''>BE4B%&1/"@6S051",C/RS(. MPKG_`IYF'69E,'`E>@RR$>D>H5(!\GJ-$/E08P0Y/._^7I+:9$L*$_N\U1F( MC4C/(,8]Q-((WAUKO*Y-@1B!L>N#*8[ M=C2)!J)3:]TRU4IF\A%="FSK0M$A7F.6P<3Z/JL+DQZ]L$X>?^1D!;9//BTC M@S&.Q&$X,"RUEU'0I]%2I;YC@R9QNXC4IJ&Z03Y6!F.*Z'"V]BP]7D,'W9:P MJ2WL^JU3X*&@`Z])E,%2WF4;%`?#2NI`E_I1 MM]Q%D$P/GP+;NP^U<1@Y;E=4!^H:.4K0L)';`,M:K71.^(2FI*N%D M;*M&#@0]MG]KQJ&5&H?T0-,OP#32X@WY@?F&-L*I2`%;`V\,#9&;><8\2-;J MC^::29A#],\2YDX"/2OP`%PP)OY(L])J-#-[-HD!JY,XLDW3_>^W[`(2 MF^Y9N$#B>GY^]>%*+3^_-G7PPJ3BHEV%9#0.`]:6HN+M;A7^_/'T,`L#I6E; MT5JT;!6^,15^7O_Q:7D4\EGM&=,!,+1J%>ZU[A91I,H]:Z@:B8ZU8-D*V5`- MKW(7J4XR6ME-31W%X_$T:BAO0V18R%LXQ';+2_8HRD/#6HTDDM54@WZUYYTZ MLS7E+70-E<^'[J$430<4&UYS_69)PZ`I%U]WK9!T4X/?KV1"RS.W?;FB;W@I MA1);/0*Z"(5>^SR/YA$PK9<5!P],V`/)MJOP"UD4)`VC]=(&Z!=G1S5X#M1> M'/^4O/K&6P;1ACR9#&R$>#;0KY59@LW1U>XGFX%_9%"Q+3W4^KLX_L7X;J\A MW2EX9!Q;5&^/3)404:`9Q59&*6H0`+]!PTUI0$3HJ_T_\DKO5V$R':79."$` M#S9,Z2=N*,.@/"@MFG\11(RH"TE\(DE`_C^)92M+I_[-$J,@Z^$@U72^E M.`90-7"FZJBI0;(`YO<]`A4&^\6`[180JR`-+^LX748O$+GR!,D1`H7?0UQ$ M\0XBNT`BD'71!AX/M9FH)Y"[WVLTFSR-TPN]=2-'R,Q&U_A5#!8<`1"0H8#? M'VS`('#H^P0C);,J2<9RXYL(QI]D' MZ8!2O3T:!NR*2L;NJ3E"IBAJDGG!*CXT.Y&:WB/*@#U1Q!.%D(D516:>M?C( MZDC*[I%DP)ZDV).$$)243EQC\8'1$60^0S??<0/V!'GEDB,$$S?-$N]Z%4-S M%L_[M#NBYO>(,F#W;B5>('*$#.[68,$YF$`+&8;CMK9B=WEQN>I]AGD58J;B MWF_;=8H3`UJ3/LFNN/OZ,?;28<_QLY$3Q`P",UQQ#S=]\.9"(=@UAWTGZ3L' M=MH3!GU^2*?^??+L:5]*KC#3)V\7AEW5$>8UEYP@!FLXBP+]!$Y"4..L_"T=\P5YC7K&XO\NFM/O#+.S=P#18[? MDG=NOV-_Y_KCD(4S2,/DCA6LKE50BH,9H&)HO)=5'.YRLH`O-DQ"WGH!0Y]= MCRX&F+DZNF-_4[GCK0IJM@7*\2@#R1*G-GS1HK,CPD9HF+;LXQZF:P:SP'@$ MX*T0^OQBYL++O+[^#P``__\#`%!+`P04``8`"````"$`N+1<(+<#``!`#``` M&````'AL+W=O>0&+":Q)%M2OOOY]K.ETUIZ0N0W./C<\^U+W=U_UI7 MS@MFG-!F[2(O M^1%CX0!#P]?N48AVZ?N\..(ZYQYM<0.1/65U+N"1'7S>,IR7:E%=^6$0I'Z= MD\;5#$MV"P?=[TF!'VEQJG$C-`G#52Y`/S^2EO=L=7$+79VSYU,[*VC=`L6. M5$2\*5+7J8OE]T-#6;ZK(.]7%.=%SZT>+NAK4C#*Z5YX0.=KH9RE>PV+]8_:0J\`]S2KS/3Y7XEYZ_87(X"BAW`AG)Q);EVR/F!3@*-%ZH M9!2T`@'PZ=1$'@UP)']5WV=2BN/:C5(OF0<1`KBSPUP\$4GI.L6)"UK_TB`D M10TD84<2@?HN'GKA78*2]',67RM2"3[F(M^L&#T[<&I@3][F\@RB)3#WF6D= M0Z[74@5YDN1!LB@NR()#?5XV,5KY+V!IT4&V&@(W8H!8B*Q'R$J`ND$B)&Y+ MC*"$[YO?*Y*++$6AI>@28B&R=Q#S@<30"-9--7ZL38+A"$RLB*.!5AFZU9!8 M'0#I<#9Y86PG.M&&K(5K2[%*3&;XF:F&* MDKWI\XLO%UGBK!IM-61RN?H7LG'-4##D8EB$H.=,/;I-CEIEZDGI].DSG M5A38%>SBJ;H",Q1=\PN]T\QCN"$?5U.MLA1:K7G;82:6#6^49\EX:4W/9`>] M^5PAW6^G_2FQ6O*VPW1>);$5S[IX[U4:7;F#2#;4B;(;JZG;L*%PW*"K9M^J MM3/#85+13.V[=CO]:"RUZ9O5UF]4=]G?)SVQ4S?MX;,DLGI)AHPX2M$(,!7* MSOMU_W2_-OP;CTZG4&,6^K3/O7CTJ+/0`(2A%X\46J,>Y/2<4V-VP!FN*NX4 M]"2'-`3,PUL]0&[E`*E&P"$`\UN;'_"/G!U(PYT*[V%IX,UA8U#'\:0<>@/>4BOY!3C;#[+_Y#0``__\#`%!+`P04``8`"``` M`"$`%:DCC^(T```;N0``%````'AL+W-H87)E9%-T&ULU)W;?O-V+?H4+1CJ8B((H`S^VV)MB4Y*&M4TCLGO5E$2B2L$``@P(DT5=^A[W: MB-T(O\7>^U'\)/O[?YE9E^=!5DR'L]%X>O6[!S^?/W]T]"`KE_ETE$]FT^)W#VZ+\L&_/?GO M_^W'LEQF?#LM?_?@>KF<__#X<3F\+F[R_%B. MG_RX?/)T-ES=%--E!AS9L^ERO+S-SJ9N`N#.MGY^]S3[[N&/CY=/?GRL3]QG M_4'V.GQ7`[V^WWLL%.?R]]^(?5E(<[[0_O@.>'=#`/\MOB M:EPN%SD+>97?%.E;KT[.SUZ_.GF1G9_\C^ST[;.G9^?9V:M?GKT[?_WV779V MEKY?07%^.V\,UM]Y],?.#]X4B_%,F!QE3_-EX]L3<#TR?#^?Y%?I*'XQI]!C MD4^@PZCXE/VQN$W?.UTM%KR3/1^70][[4Y$O.F<,8\YN;B#GN^5L^+Z7O;O. M%T69O5XMC0'AR'0*_]F;U<5D/,R>3V;YLN.5Y^-)LS5;-$`]=U-/M'S MM\5\ME@R478ZNYGGT\:+`4Z_M/K]=\M\N2K3R?]4-'[R(_PRFZRFRWQQ"WJ8 MN?':JUDZEO_P/XK)Y-'[Z>PC:"KR$ID<96=EN2H6Z0<5>\0$>(XD-29+W_3L MT?KN\S^E\_R43_+IL(!<2'?9)8MGT^S\>K8JD>"RAZ1/BK+,9LOK8O%Q7!99 M.2^&X\OQ9B'=3:<^*4NF3'\]S3ICP,34V5T2O9HVPROADOP?X\7RRG+21\K<5E>2N(Y[,E(M'^ M[,4XOQA/QLMQ4384R4F`9)[?"E);9CX<+E8`4GQ"\99-EGOC`?P^VQH5E^/A M&`5_^S`;YO,Q4#3F^'W!:H#.KRO%[HL[ENV6%I#2/FSUG#4MLPST9LO@T+.;+#,YW:B<;Y.;)T$#LRWP* MLYE>O2Q0;(^RJ\VH#I20UC^>9_PZ$IL3[/8;S2<`78ZQ:MBB>US,`AE#1@:+V08 M&=8MG;&! M?@CYTTBQG#K%=H%7-IU*(BZ\ M)P;#CYW1+RG#$8?.Q6AO7%I;YC4UQHB'Z)K M.@S1Z,^K(JLF#%>E3`_G'//.4P%E-E-/BHD,@W1 MM7D;VB'%;ZT,I"O:=4#ZC>-R@1I,[MUOH"_O;Y2%ISM1TIA3#HTCU7PQ^S`F MJ,DN;K,MC]:'P/L!%2OFVT@[C]G&58]FPY\KXD/W\6D^&?/C=)P3:'W`ZQ^U2/3)D"C?A/0/^70E M;/0'O:Q_?+RS30!15#9']NHC+_I98&7'^]E\,0:)XXE9?PLPVJ!#&[*6AD(I M;4D?K\?#ZTPAEJCB=%61W:PFR_%E?J.A%S8C*^ M&LLU![(,K0I17(&__NZ&LZNY>]>'%:S9=874]O,<#)F[/3UYJ\!Y$C^@7/([CLMX8) M`F8'9#*@XY%R=5&.1V//X#\5@%V.\NS?9Q-92S&=0:69H.$'_"0ANIB,T/+@ M"];D)WB#D`^+4+G2(@$3&SW#H`Y=X5_.EP/'AJD4-OP[C'UQ+$<^(_CY75V,KX9SAY7TX25].07;FL=ZTL^F1.( MF?M?4\(X+`H,3J/5V/`!^7/+<8`1DBY2^S%.'.?;R,L%9GD[^_O?)"L78E*+ MLR\S+\LB!:9ZM!I:Z%K)"E;$$;LI9>4U?JL^PJZL3,%>KO@!]B;HEX`4EY<% M4DL^8SRI<>D2:\J@^6`?]Y\0QMQ?4D&3,?B.L9QR\4F%:\E1_G$[56%:84K, M:S1"GI$4D>X=$@PB9B[LX"^1UX'UO)3$"7PY!2YL24!PJ`BL+N(IS,\^CEG] M!4NOO7D@69#Z)$!#)QP?MT[.E)9<@M_@*:8:+_A(>0\%=(`GY6O"V5CISW/[ M2"D#<"%`QOQU0K)T3)BJ"*5%"WB-/1J7\YF/8Z*/UWXFVD'D9G\6%?6._VN% M.F&)#Y:+\<4JGHX7S3?HM0I6P!-4&"\GDCY$28-#&F*S&`+"82E]K9[5\"K$ M$C$"SJ7L*]G;_OO?S!*T$^8Z!YFF068+"P%)"B@'!,(JM#M<,XU/@63SR:K, M#BJRH7[S M5[.42&5F<%P4Q=1!#+>X%8T:3'MB0933JR');O)&MGW7<SZZ!Q((Q6J536=NTS^F:<, M8&DBY\9IG8H3H-Z-@00RHOR/LG6]K"PFTM6LR[)WPIUS+RT]!/]-0FK'T!9] M[V0QZ-58B+QPAO26]%W0Y?5J`LA&+BWAHA!?01AEK%@(QEM3JK0TOKI>(BD8 M0+>0;$9MSYYB77",1;@)]L:$01^9>SZYM0$M5=W+G/N+O%RY]"3LNKN3W6*T MFQ3\F9"+Y3WS@S=BD'.FF)N<5(:J5:J@US<5(<@!/54^BEQ%#,!-_AY2!V@= M1JF>W)A_%[QXY\\8%8WYE?B7[09WD@V6U+H&DZA8?Z#;"\G5<"GS`S!$$'*_ M5OBTHS&S+%S>%"$`C154#?%7@(M+6:<[#>[8"%CB^H7/S,=J]>G*W/<^2@UF6OF8DO3I"D-S9<5LHU5M9^^[ MF)!$,6+U=VR4_CXJ`E=YW<#VLA%>#/*48CW+':">RO@?E8G>AH?CQ_*5T,`J MD@4>6*.9`JAD>&0(W89@TTF`\XX?OI#"PU#)PS1XPW1!4F-A@$R>U+C-QFDF MXPYB6?>&Y%45PE=*VKSMK!">0^=XI@7YC8*4JV(,J>FV*B-Z%OTJ]"B]BTLV_ZZZY<`X/%0<:_G$G1;_'<2JC()&%@5(P: M@BQ8RGNYV]2W+>%DJ-\E]?0_Z>;PJ$S(H8R%K/GE:L$\C-4$X-7T,QU>?H_F=9A/[W$^9-HC^'))GO^03 ME!8:X'GEUY]-<9JLM:CAN=0O1;XI_CF=4(M1F?TTXX_8;:T?G=(]I=2M^8I* M,YZ\.U4:)SN?S6E3.1KL]Y1(K2>(H.`]:5KONV#RAF!+A`'L2RT"QY]%1`R. M2B5NBCP2O.ZP)OERRK,MI&BE#R*D>D\FU+RL-ZMG4N3]/QP$!;,J)`RMUP`& M#SY*!,MV9LCU<-61,GPO@OGP84T'1!!Z;^@"]^>34W[F8^79T+?8J%VJ%`SX MW1?%\J-"3V469&#FRH3(-7=^N#$JR\JUBB$\S:+C)(F*%Q;EI`IKKQF.7F!H M4,O>(]1"6KC?3>O%7Y8_I$,!"E1[EQ'`]?T:HIT:]W0F34BZ.:)U/B>'\,E[ MZWP+V2/:>\NK,)'8D.S62Z!6>'JQ:NKNN$I8/8PL%\2F6`#&0EQD`0>C]$ADI^O+$T[[HYG0OH@+HI M3>WSFF\QOHDF=H#+QT_PA7-2FKATH"9$BS75T9(FR)!>V5DI3?!9+#Z,L?\] M8K'9U2*?4YG(\))S?M'SF_S/X)F6KB6>/.$91BQ.5:50-?EJ7#98PJK- M$*3#8[BF6,#7+=\*&^@KL1Q,966T"]PKM3M1<=@.F>+)K=S*CJEY!C9_.7O6 MLXK%%*<=@'Q&1PCB*=YSD@!?Y0F0G5)45(G)+0\T@OEZM+02JG!"U+8$4FR;[W$/"CXW94OU@#?>@*\Y9MDO[/ M1R-K5D$NJ#K@SOE4>R0DJ[DTTF^SK8N'2FGFV=5BMIK;-,*K/>Z&=Y(/ MWV=;8[&?/NXFOB!EAGU7#E6QNP[^/_QU_^U!O3RFIFOKK,/,\N0@=:2 MV'5"@ZCY\S#WUMC/,4.U7#E3RC3Y13E;7#C,F,>(]*[G[]V$1DC&$/8J)%O MN3X`@==XY")T="C0!RP8]7\KJF\-W8K7$*-*J>5#_3(<[(R-L5,D*\(J&0S2 M00J$80'P)]I<=,)M6;2\:1OF`Z5^%U,$KVT3\1B.:*7Q8?`V'1$;U\DBR6#@6^%"\P1YF,_P^(2($(>KYPJ4V"R6C$E55`GV+5O4R^T92&&)&-*_J-8 MU@\;OOX\VID3IK%G'_5B$UBWL>-&$3?[_],8EU[CNCV?J`(NE@:]._ M-5UC*D%4E4-/V5CAJI5>?-4(;$6U[Z@F04G!=I1-P85&YEKS]#28QFQ%G2AA7;1NZZ][Z"171;<"J+MI2; M-;TDT:1]/>+XID%KKI`744O=SH-E. MD.:[W=[>X1'M'U2@VJBM@>4^-+``W6Y5\B".LEXF`(["8N_N^U44G^3)"QU2 M(XTHV3&SD!(ME[#([=I3"ZCW&YUOPGO.N7(2#MOJ_]_PGXO'[$;]B]*V['+M M/^!?P]D$N6/H&[;3VB^+YQ#>O:(>RXO%6._Y5E/[6%=OWKCH/RK*GJC_/;1XP?MK<"*$]8M>:+&VJ=VT[@5O\:?P,/%]/_>[TP+W/^`E!&^PA1[DI.J M(M$M;5MICN3UX+R&KW&0>]8AQ!8[Q%T^THJB&:Y"00(MT?G+)R>;I-[Q1Y-" MUJ\-!HB,+4(7*J4%S%.4=3"/QBGI6IM;;7L[>[I>8<(ZM%7K=YN\24H3&\(D MF]A3VE#BM.IT M(RHB$YS"Q,7KYAI&1@6K$RIT7ZMU#'V/UD#G4V)QD;K]W1690K70;J)4` MIZ**IF[J_(MBR%YZ$UMB/G7:D6E+J&$$,,O3PC=Q$W*^N/F^?,1FX2O:NZ?L M%2<7)U]>7;_\4NN&[C4KRD3'-71+@W?,>(:*D8LB[N7$RI<(ZT/C>FM.["\M MX?!SAS1O8$1"EYSR7*U*M!/9`>>I#Y_VS.&RJ-;^IHD4BGZV;2&AWW"MV<%2E966$;"N-=UKR36+['IJ3:M4Q$G%H9-61BIL M6%!H]52]>@=%O0D#*SJDB86],0_HIG]T=H92A!;RC5F@S\8B-/3]T\S@6K37 MMHAK`?+S*J2L;^IMA/-A/\C)VM[?5#=;:1DD6>3?X.]-\HT0AIRP\4Z*..F1 M-15NBPN\-W?9#UJ!UB(-2K=R8\&*2ZE/G``I1Y+(4#0T/@%9\4_T[.LP`.\' MU[V+4?@AIO(LAEA&R4U8UGMQ$(/1"+S-D:Z*$B3(NZP[W(FG^=$:\T)1EB'4 MX4^(Q]]JOQAEH(X^N;Q07>4DX^PX$^1:65V`O"Z=E;/8(%/9W8F:4,%8KMIZ M@)KOV,C0,H7+;JV(]DUKR%W`0&KW01W^(+W:-T%L1)W(U]N/C[:/=WYC6EL; MC)LZ6%*P"201S84"*'^L?]2(;EM.(](Q$B^K5&_(4K?N8F0[P3=PCZ))SX[K MR3C\/-`'2U7I.2$:QL2!-SY.J6=*>1U"="QBXOL8UDLT=7^,Z-R*1)G^-L>K MX?2(S.KRHD52@N,LK\02C&![U7X@NT]DI@&@_^ MFI#?=PP732'\:]04[:(F)V7UV2N^WLK5MU:N>'.BD?S^FQ]1>"[GAD-"LFWL M]F9YX8YFGVNS9(O'`+?*CYWHS`3C`RMHAW36_6RP+=2-8S4%RZ#0ZXJ^EV,, MSX!D;="-(U!?6/#E@AOC35B?BG)3BU1*5>&UM5%5AQZ7_ZI==8E7]&I3QV5?`FRD["GUT%($1)5(99_2M=8 M,[075ZW/MA7*LD?=)3!9;7SN&S;L&7]7!0^F#EUOH?$GTH(X9XI920G/,;<8-57$->7N@,]8*JA\EU:WF1B;XTZ8_'CS(SKKDBU)APW.MV M-!M(73;1IPV6=JK'9%(V#!&I*!`V7X!]3PI?@J6INTT7M" MO*"\N;/TD/LNB)N42?M"NZ)VB;>6$O$Y$C+""$3\6O7GU1LY,;7Z3!U+P75T M.&YUEJ'/*W(_MAWA&Q#HE_&"8TG8*@_4[[.7G)ZG(SR^@DBL5EZL&@=,%`*) MJFVVHE*4.4TQQN$64H:YTK-*S5ICIFUAH4W;RZ-I2N'J)1OH:=O!53[_$L1; MBK"!^P!I0S1\]N:==M1MP#_V`#%6RM^A\<0$1L0T/<$__3Z@K-Y[K#?MM7M) M55AV]I-97WT,"XUI%)X3(/A*(HLA< MXJN^62WPO%#']3HJY[ETR9(*)M3TS&(EX_52-1FB]M!G']7_U\1'SE+M%*/I M6!#CB&3Q)LXZ(8.DZZ'`LWT@)SR:U'M5JG0PDM/2C9M2CC7X`PKEAQ%O.[#K MGX$E]G_N0VF-%$!LP^!R1EZ"TPD)+GE-MEA:76E-"@GN4_5J2T9,8P1_,FY@ M!JQJI6L[@%[F4"R<1;F_OM?&FCIAD\:7SL*VXSMX7!'>[;@,A'?_^""H:&UI M"4=2)J:_TH>HZ82MG3K'VXL]M7.HZR2E$J@*FV38'#_*[:IV'(`,(0P%ZS@= MTN\[@\U;D2+R/7Q27A)5,*&!US;,@AL)F,W,\W!^ADCZ\X+M/3RWS&4%6F@, MC`9].1YQCN'(2="[JN]6.1\\`'9.^`2/!,2:7>3$*(Y@HR7./CO&)0$I(0'5 M<7[$@K54KO%<_;-+1*"LW'D))C!:L^T38O7>,%7L%O(OVK5+0#,;TO0#5BNU MS.;U7+4_"O,.##0V:+*8M6JO)#"N3FII!=;\3R?"M6(Q'G0KK%F)1(\[(@%Z M55O_WQ>%ZS7]KF_V0Z$;V16_-YA$(;%2#"!\!ZJG2E#`Q)7^,@57H>I;HD88 MCER$:&6^L5/42J+#"W1!V(;@\6<_Y<%68;(#&:L*B#1#2'P2\1I93[7JE8YNY4A05`L MXO+5X%#\183PW'TQ"(KKS!F]>>=VKX8/<(*SYC:MY^[D0!>H=AX=1E*BJEL& MWDLX(%BT*"O3XH1:*T'%VU: MR-`5&V<&K65E,%D827=698/03APK3*(LHD`0%?/=[HX9$=/7"/3NWIYS"M&` MWO7S/I!7[D+M_?9NK1L_MR,)!4:4`G9##])41Y)MDQ[0D7-2PEXNG46R3=X5 M\"Q3)7YO-YK(=&8THA6+5]F6C>*^8;(:"K2KU<$T/?F=)W@UF\3LJ[Z.B(MB5D;<"TU$Q:74T( M,4@KKZ91V.>G%>=7)^X$-=B$034F3MT,%`]M5PE2?!Y*%2-`K2=NI`.B,T1= MAJ&5"A$3F,!6:1*9RIH6()KI]%N])@>8LM[`$=:KL681ITYT_K1Z1WFJ(?D\[D+6-Y?VIZXW1@ MO'3Z4U':_!.^@)"\P*DI3]_]_>_]?L#UY'=]HS3F78W/.T/]MN? M,MU/J[&=_N<4ZHUJ)LZRI//L]?H[Q^W#D''[VC0;W]TV!L<[;8^8N[7Z)*NX^%W#]M! MWC_N0.7![B;Z'!X?M(\'90][NT?=3X][_:..D5\DI[4':276UE;&98,O6?/+ MD%>:XCNAM*/S M.[=T8[1$$[:Y[UCXO@L.H1;)WNGDG'ZO/^C@#4BRWV__D+/?C@XZ!D7,:*%N M7^!>;[=C?5L'O<.]=I0==-!N_ZA#)QSL=W-2OW>\VT%9<'70.][O8`B>'O6. MCH[;$2(\'\/AW1_#PCO''3,/CO;:A]WKHLWA3L=,6[O'[5@4X^WW.]0?SX[[ M.ZTT:S&$;_T96%A`7U+"8>H.S5+90(+>XN4I>XYMMSQL^@KHW-M@K!"A+GO` ME[NP=`=O,O6SKHL='`7"BD@`^["Z<:;(7I>A1$EUZ=D!@MW!E'[>,ZMKT!,B MI%C*S9VGTW87R*"#70[V.N8X..C@6Q!"UK4RF38YSJN.I+/Z4DJ8_DZ',.[M M=L"TO]>A0_RZG6+KPO7^7L>P,.Q!Q\`DQW'/-O;[6!5GN&O;-!5`U1PAS[9[=(G M_=[!7H?2M./.VK50IV-V,.@`H-_?:Q^J<[G[79INT#OH--X]3A1OGT=8/]Y` MK+V]5F6GSW9W#UJ?O:6DKR,254B6C,9NYYH,H1:;05'*3NOQF\Y>P94*T8\" MU.80F6M3G]8%-Q?NA9,\]NU4LREY\*!X\ MV>H_S!Q@VNCB][JLM$GEG[#7Y1V=2Z.5VT+[;(H+?\$A03HE3$W$<1("V9D0Y=?QMLY/97>$JQJJ*A9>L8RZDFFDUD3=1A3G M-*_O`N)(#R6?K.^"/VEJM;/LH^[!1AGQ(8=M*%<9PDSON*_O)#)M7S7;I2P9 M$R%]UA91AK"OS$ZF(X9^ZS>XOV$/GIV4X2EWFP[6)3GI>R^4Y)M,L]\KH$P? M(JH;PDE[.AAT6`B>6BS8KCO6<]_IO)LB%;G:G1JQ=]#ET5CPV0X+D%)*W^3M M]/<)C3HFY6N+7MO&WJ`5!O]"K?!667CNH'$AO)Q*M5+Y>P,<+2)=]5]&`8@" MK,1GU+N4P#V%.+)$C?@\)*E0&FM'HRJKE[*RF&N':+1;2N"]XRZ7]FQ#HJ?# MISGJBB4PF\F@;$%BU..#7&$KRP=TJ:!ET^,8\F( M=#ZUI$C[TS67TX=/J8#O#3J<_?W=#D8WB$B%ML]IJQET!70\W24J:V5Z6^M! M;]`5MN\-.O(9^WL=NN0DV?(EKRK=P*I:CCN!4D7-RJGN[H/%A8H:+4*>CUU/ M5NSI:+RHZC9MSO?RR2O7"O$HJ_*F]@N&KN.B4O_!IJ-R4T*_IO)%N=O==$Q1 MWQ8;@:\[6JQYR[6XI0V"\E?S9L312\II5%YTH:00F8[@3C3H96].7I[Q%;US MM&%QB)Z_HHAJFYY8@-PR!]V^=B>(WQYZX>LQ M?)OT-615?YQSJX?N:M60G5[K;L10:D%J.PDIK`#;MEN.NHS9+*WH"IYSG4Q: M!/\KPL&NBEDT#(#,F";TL.5H')&9&H&^L#>XHUA'5M!X/UG)W_?'[I6KA5WG M8?U#\GC8!$VZT<&<]DKBP]D+-%HZ'T%1A'4UV\%W"5`R7 M=JP[?#_G4$##@)'08@E5&*,ENI7[E;J^B)C%*)+?C&T_N.9N^=*ZO^:+@B.Q MC.3TKZ\XCO%8MS7M'/@._2JYKJV&R*_&(NYM7*;2+/8V2GCG^C1IA<6F<7.+ M"K,4W&GR4'#%2;/C3U"$CFI#P,%VO_\;@?.NN!G[4THK@I@$[._\1KRR1C*5 M8"L*!7:82O:I(4-HSLK-ID8'/M'%FE%0#KBU]H)*_69)U3OL>4V[=;^KWA@JKW8@X_ MNF-MU4+DSI?_;G_?.H=88MU,81T4AJ_UB"JTBHJT]RLVI]U$0F^U7XA1VG?$ M=+6MT7&D;>"01!LG0T2>6[M'2$48EW::F(SCT,5$XK:Q95^]% M?YBINC90B.D"WA00IX:Z-O3[H[`]/5".R?7PO^63RC@9RSJM93OJO)9-+E/L M<,_MS)=.WP&MW!6I/N-T`=8$_]1M18T,6&KUMCK*3'>O94.0\4HBN\=I*^?U MF=6EXYB3L*UF9%JJ46>49_\D%)W\)[``[GQ`T5!<',6Z3A#WK^P$ M/TZU$V08/Z#JA3)BU"T"[0CI()>6I;W-\"/+TFG%N.:/XO/9*.3,.:3/FA2C M+)&Z'>6)J.,\.A*@MGUN0S--6;?T-E;G1LB!"QMJ$&TMR%]THWDX&5K7@4K) MZRCOP"%8_3S:OIF+5.;\Z1O.^1$[3-S11>$TXX?T18,I[<\/#J>VSWE'V&E> MQX)DPAJ=\_8J_!-C&?08#S0FYSU-/K%^YG`T6G!]W#FR<#JN@-N38`W_&JF3 MEF*C./,=>C\@[!HF8VI<+&;OR0@+8^F"U-%K/8:V*B7/:]G+K^B^Y\QHOZNZ MY@0!N$9YN6U.>)7:KJH@\,LBNA@/)-536="Q3<8:YYQ\O4=@Y[+#3@CVL]B) M$=2['Y:4.,_@,Q0G[ MV)G@+=K9.+@&UVXF-VZH>K'O/X^G9XI0>=ROONHZ1$X0;U5_Y_!D3-1%,;ZY MT(F67.)KM^\:+D-/<"AVN_['ZEW3&W"5_T(Q6A+7#LA@LFDSF-#[V@])+7JH MRE/`&U?^9#`3Z/6#:2KH4G?+'9>CD9:W7(%BQRZ$\W(V'98C8J]/$6:7PD(M M2358LW##X].3]D[/:V>GZF[2AJD231+3*]BGZ3X#OR_`'P+JI3HFIM!=]P5( MJ_"2G5T:OU5M+^!A8QVE4[;:DA"?/CABTR9#65)%^0=-SI\A6@L'#%1#5[K` M'\X:S__96S0<]\5#"#P_16/3!"+E3DEUT+;@-I^H^LA]`)+D^R#>&5@TB2Y. M"6MLD/$G77VC*Z:-BY42"5XX2M!.JJ6%;7>W;2,.W..B?'\I]P-M-RQUWE/3 MO2.3HA!.C2!767][_]`B?"TEWIII`[1]CDO8*,FRK6TICL,;XI1A++PY(]5Z MX".YUM%RS,SX@];B$TR9$]M=)Z$]A)G&Y\DL](@B M;7=K1X&;"$.1RH`^RO&`/J^=G*!H2`EJT.#:MANNF<"-\/>;5CN%JYUJK:LQ MSO%?(V'L?*. M2B7#KICI'+KB%M2=N,5281SY,'SOJ+.6]W,3>+B\#4RF8X]-=@V2UUV`YW!TX6. M:D2B>60Z%PE^Q%8!4U!W`<"4(9&2ZXP.$IT)%&Y(QN&,-<[>5D@3[=:>:R,% MJS)`C06L&Q#]<0Z4R5!A06[WFS\B.#2OQ$Z'5MBY_>2"$R!7VD=N5ZHJ.')W MWSH*\<2B\G`>CO21AJNS1?I7T^Z*W:'3VD&EF]8`VX@>[JQ9+Q9S[Z7813L6 MQY#?6SO/[)W?WWRXLZ>[2KSHG\]#,&2A<@QYV0WLWX->WDB$QZW4%SX\]^$H(@QK:+EZ@>@ M-KJLU0,8_[0E-#_4W*(]$Y#0Y@)ENS@)VVJ"XQN/JOW1>CE5'I;3]S;Y82/E M\R?"C)*;J+1?*C:F#7W`5GTO2Q%@=5&D9K'T2RJ46_M[W6V!E/-WV[LXB1RB MEC06W&2U=#+U>^^Y:"%]1%?%3D?1M_U*WQKKZ5`L:7^_HX'?"K*#PXX":OM, MFTC6,O?A]OYQ^QJ9?&]ONZOI^1QFK#.`DKHO8MN@90+//B]0FT839I M_-_M;.)EP\!.!_-L'<+"AP^W[(!WBXE3YM"CPTYALGU3Z2==S!(A7KGM!I'3 M<4!RO]\;#+H[$7A\>-2Q-+%FI"?MP)7(-.;9*Z[6^@-^:T%/@>,S%):=QRD5 M6U_3C-MKQU@;@^G$V.J'5,CL#96.[8ZQ4#SV.LX=QE#EFR+03(77$3!*L7*- MF^II/>W<<F:8/"<0=9OX7WG0*GZ]>V.W1LX MIS9:-:[;F"SD'#M9ER$/_$$&3I'XHZKIS.$HGZ7E2ZCU^JLX$?5!0D.=3.W2 M#$JZ.$53VV?C])?\8;'J M&J'"N'8(P>8=WFM!1UB:RT9>XN20T5SC2O.7&B4X]R=(TD`I&D1&7>'!PRK:ZI$UDG^L:0$ M"::XT5'JT^4YXAJ@9V^7`5XH"B*6Q@V[K*X,JPZRX8K@J3]$,RK8!"N5@.10 M,YSD8PINE@.`6%#<6CF85"E80F5W0$#8`6B'-(B(D62T8^D0++VKS])\9M>4 MIRI3/!:-9,P;05[H#`73!1`JG,II10.T@K\&4L!8%PUE%+6$6Y'NK5E),=QS M[O+.^CN/_F@*U?IIVN'M`^]7G"O[P_K'6V]T5B6\T=AX'1ZDJ##6^FH@?M*N M??'&&PA)-&/Q4]8-S;>9]30O2:418=A?5%2'<,R.DQZ6V\##MYGY)6DZSG-@ MP2>H?U2`9`B:W^DV;X#LB\?\=4CZLQ-VM@"9)?GU<2J_YRS>KB;*UED'A.H- MJO-%\XP+OD)=J+UI`]F_>O!?!\LG%ZR22J_V`+E%_/J(KAI&3!;>5IV9F]`G M`_356H(>>L[?#0[?"VSAHXEE?$Y\3T*GU-[QY:]#F^07]>M2&> MU9?5_^HH:UQ?_JO/^`LN@27P`D-6MV7?-?477=KT@WP:?V[3Z>>>/9)MG0O4 MIK5S/S\.F^X:@:!Q_A?"&S2BSID*D!,"N!.GZFR,C$-41Y/SVPQ3.A?P+2=I ME8XO7'S`J%87[Z`S,QSEC-Y4VQ@[E_CY0WWKA0S]?DQ48)Q"9&EQ1T<7CPG^ M>XWPK<$.VTB;8!/BM.YAN1<-[C]174EE?:#J_RL\)^.Z"G`K2=CB+>Y`R6[UU71J+16J' MN=QP$H'L-B\;Y'CW[#2KS//9V5D//4F=`:=$#1>$O)65B??EI=.ZT\(BOM9) MSIS^EKYW]QMN)"%?S=FW\OG20=PK+^H#OM(7XEE\_SW\8,=9-?@@?C<:TIR< MN[X5E%_*(M_2Z[N;V_VQ1"[FYO8XSH.EC$GJ9GJ5(N^9/T8H_?UU^``O7B>? MBK^ZW@U:+;R0CA6S4D_G]$S0:\T1.@S^DQR"%A?W5/>DP=L).-PSJB!H1J5UWK@Z17:R=%?>6'!$H1I\X3M4EQ^' MY:7PO/H*?JAD\#.\[;LTQ6;9-F1WR'=/9"#7E?K^Z8K7=$6KQ'\M3N[E=M\M M`!M1`0M$BC)=X]>NX$M\^*^C;)?6[M&BQ*TM=I?K3VZ/:;K86#+39QMQV&DJ M>FI\D'!US&CH_981Q5VXZXI<`H`QEA!&-6^DF/"&@1*&\QTD)HV(/_WH[GE! ME$9JF]&P]"^+:>Y":90-,)S00AT771INP#=;S6=&!W?K"3G,[:[+%_8A^'SG M>OC7<\>KIARBR7.7'WVTJ1G@<5DNG_P_`0```/__`P!02P,$%``&``@````A M`!9P!,ED"@``6ED```T```!X;"]S='EL97,N>&ULS%QMC^+($?X>Z?Z#Y4VB MG'0S@#$#S`&GA1DG*VWV3K<3)5(NBHPQC&_\PAFS!Q?EOZ>J_5;-F]O0T#ET M.]BFJYZJI[JZN]KVX+M-X&M?W'CE1>%0;]TW=V'X7N4-^Z*_V[T5>_&ZR2K>]^?G7=1`,1X6JHOR;)\K'16#FO;F"O[J.E M&\*5>10'=@*'\:*Q6L:N/5MAH\!O&,WF0R.PO5!/)3P&CHB0P([?ULL[)PJ6 M=N)-/=]+MDR6K@7.XX=%&,7VU`>HFY9I.[EL=K`G/O"<.%I%\^0>Q#6B^=QS MW'V4_4:_`9)&@W`=6$&RTIQH'29#W2A.:>F5#[.A_J!KJ1[,T2QF+"I238T3!Z>K]R?R MD4[Z?=E"#0L^DH6^[^!'LE`+_IM(\VG6D4Q9(`MY6N+A4J)YW^WW^[W60Z_7 MZYOMEFDR)T^SB/;"F;MQ<74AS4W["#J`H-_N]1\,`-(T>TS531&T`4"WT^EU M6GW#A/_9M.'Z"&3[M*.K9I4@4,0J0:"(53:;;4C(_%E/@86]XKY*$"ABE2!0 MQ&I7<@;N*F>5(%#$*D&@B%56@Y'85Z%@IKBO$@2*6"4(%+$J;?*996"H4BIF ME2!0Q"I!<#&K;'4%Z[EI%,]@!R`O:[XM7_)M$2_AW M&B4)U,M'@YEG+Z+0]N%K(V^1_SW1$G848/-@J">OGO,&RK@J93K'3E5<2T,1 M1R;.NLVNV>R:'>,A7=A(4AVX,V\=[%M7Z#[('[@1?5MM./%A6"C)5KYET:2! M+&3T";9@5#.F!1M`3.0A(=A"AHUE`5'41M)"S$;20-!&TD+41N@ZASI7[LE9 MM(;-K%V"+:O7;++54>UX.2R0`#\0,95M]OU9V>2`1RO;B/HT=Q[DE[V^,3;P MPV:1!RRM:+%O9T6#`U96M!"UD8^;@Q872WQ,SP>0[/B;^_EY,$!1VC#'LY,$ MRSJ&U"R_8X@<+8(F$+^"]?4&Q/HJ\A97M;A">+7%V5P`IA:.Z_N?<;#_Q[R8 M7T!I:S38S,G^-MQT@!O`N'V.7Z%^G'U-YQ+I`7CW6"/C:"/-7B[][:=U,'5C MB]V)P%2PLUBG+H_&;!)4'K_WO448N*PXIZ=B?HBCQ'42=J<$*]\?P],^@J>5 M"1+!D"RH@0(:U*?PR$0` M2_P<`9"@`@'>PY+Y`,)3!0)8.N4(($!+!`#G1%10@)"DQ% MJB$`'"40"!$M1>-OBV)0-`+3:%`T!%,(W!A\.DM([1.4"6Z$5(0!\"CI%66^ M;G$CQ@W=0""HRI`D&@Q5*9)B4)4C2RH,52F20%"5(2D3JE(DQ:`J1Q(J5*5( M`@$\HB1#4B94I4B*056.+*EHJTJ1!(*J#$F8:%\Y139HV30MHM+Z*3Z81`,=6-=7S:+/$<>N;7V%Z^N!M8BJ9[6IOY10968"KU0R5;U^HHE^Z?"[`( M,%WAB$K+V:*^LC"_$QE\<;LR0BI!8'%'-0;L%JHQ(-\9!NEA**F;PB"90Q2. M3MGA0MPDC$$H??V\7B7>?*LX85"FSD.$)&6%>'`0-[&Z.,6?A4@N3;BI7X^C MR_4KS>(T(O:'V-I#W.7>H("*@+B"B["DR4=L7B>J''0HQ-QGE0,1>J;N(""4 M6=A=)7)B5I)/9"(",B2P)!'17M@(D92'2=U`IG,H++2)Y=[#HZ(%X8=SY(IY MW:'HK@O[:L&>^U%&=\-J_IFQ=05_7("&,B8QTB5E`YF4B7>^.@%RU0FQBAD% M#8AB#*WE$>%4:=0.I9'BN1.?,\?M:K,&NCQI$5QW"3B9L5FV&^C*Y M6Y>_5[>H1FOXCAUX[U7S#]J=]M[!>4$14_@.J>G:\^$)+2PSXTZ!`Q63*!BG M)[/:[BE911\V^5A%D^OB*GD$J<1?)ERH*ZODD<\3IF">H#:6//*^ M[PCZ?C>C\A%O"$9\*J7D#KX1'\'K>H1\E$HI6>.CO"T8Y:F4DB\^ODW!^$ZE ME$R!/&*1"1=$6$^E%!RU>>^:@MX=V[,\Z_(!@^.,"`QX0Z*S]N'-E1&^]Y)M MR<)K%:E!>`..D*17UWG3)O"$32&([P\XC(H(>MXL?3NTDRC>:K@-6XCC2>$ MBOMS%!4^XB48<"@"Z"_PEE!X`:D&?DD]Q,O">SCAAHG:+A MXP^+>G7$0.M4#)]4PQJ]TYXR=X#"MW(I9723+`Q;P(\._7"7$C MMB)"#,&\].(E\&ANWHDY$0A+!,=+!+=&%")V,HJ@C+_;<8B]A>NZ.S%ZQ*+R M1A.8_<\VY3-ZS.$OD>7/;U7K`?`43-W;J_]Y*6X.-3+[W]E#[U#,&6_^L'[ M$B5,Q%`OOW_$MPE`+X9'^B#=?%S!$^KP5UO'WE#_S_.XVW]ZMHR[7G/NWQD_W77,R?CIR>HWC>;DO^`R?.GP([RU]H*7^K*7#\.M)BWS<>7#JW_C MS-@,_.?RW%`G!RE\]@@QP(9G:W,C&JOBI&UL[%E/;]LV M%+\/V'<@=&]M)[8;!W6*V+&;K4T;Q&Z''FF9EEA3HD#227T;VN.``<.Z89UC1"SF67"72(6=L# M/F-^-"0/E(<8E@HFVE[5_+S*UM4*WDP7,;5B;6%=W_S2=>F"\73-\!3!*&=: MZ]=;5W9R^@;`U#*NU^MU>[66\/7.=K?;=/`&9/'- M)7S_2JM9=_$&%#(:3Y?0VJ']?DH]ATPXVRV%;P!\HYK"%RB(ACRZ-(L)C]6J M6(OP?2[Z`-!`AA6-D9HG9()]B.(NCD:"8LT`;Q)__/QY.1`R:"'1BR^?_/;LR8NO/OW]N\*1R5D1SBB!4-?A.KL$S(P5SX15Q/*O!T0!A'O3&1LFS-;0'Z%IQ^ M`T.]*G7['IM'+E(H.BVC>1-S7D3N\&DWQ%%2AAW0."QB/Y!3"%&,]KDJ@^]Q M-T/T._@!QRO=?9<2Q]VG%X([-'!$6@2(GIF)$E]>)]R)W\&<33`Q509*NE.I M(QK_7=EF%.JVY?"N;+>];=C$RI)G]T2Q7H7[#Y;H'3R+]PEDQ?(6]:Y"OZO0 MWEM?H5?E\L77Y44IABJM&Q+;:YO..UK9>$\H8P,U9^2F-+VWA`UHW(=!O-29#`P<7""P68,$5Q]1%0Y"G$#?7O,TD4"FI`.)$B[AO&B&2VEK M//3^RIXV&_H<8BN'Q&J/C^WPNA[.CALY&2-58,ZT&:-U3>"LS-:OI$1!M]=A M5M-"G9E;S8AFBJ+#+5=9F]B(K5"MQ:FNP;<#N+ MDXKLZBO89=Y[$R]E$;SP$E`[F8XL+B8GB]%1VVLUUAH>\G'2]B9P5(;'*`&O M2]U,8A;`?9.OA`W[4Y/99/G"FZU,,3<):G#[8>V^I+!3!Q(AU0Z6H0T-,Y6& M`(LU)RO_6@/,>E$*E%2CLTFQO@'!\*])`79T74LF$^*KHK,+(]IV]C4MI7RF MB!B$XR,T8C-Q@,'].E1!GS&5<.-A*H)^@>LY;6TSY1;G-.F*EV(&9\F_W M4`BA;JI)6@8,[F3\N>]I!HT"W>04\\VI9/G>:W/@G^Y\;#*#4FX=-@U-9O]< MQ+P]6.RJ=KU9GNV]147TQ*+-JF=9`2!=(.SB" MQLD.VF#2I*QIT]9)6RW;K"^XT\WYGC"VENPL_CZGL?/FS&7GY.)%&CNUL&-K M.[;2U.#9DRD*0Y/L(&,<8[Z4%3]F\=%]'7.SS^3O?N?AX<_G0M=8]X8*R/K.1 MX]D6Z0M6TK[.[-^_;BY6MB4D[DOA(+PT))RV6H%\T=!!GMJYX#UV'^=UAN"A8-P#%GK94/FI2V^J*]+;N M&\]I=N\"TW904(E!IMSBI,OL* MI?G*=K<;G9\_E!S%Y+\E&G;\PFGYC?8$D@UE4@78,W:GH+>EVH+#[K/3-[H` M/[A5D@H?6OF3';\26C<2JAU!0"JNM'R\)J*`A`*-XT>*J6`M"(!OJZ.J,R`A M^$'_'FDIF\P.8B=*O``!W-H3(6^HHK2MXB`DZ_X:$#I1&1+_1!*`^I/==_Q5 MA*+X;1;7*-(!7F.)MQO.CA8T#?@4`U8MB%)@5I'%D)^7(X.0U)DK=4@?!;2` M:MQO0Q1NW'M(87'"[`P&+L"(\>>(_`5$,D)*A-"7(H,W1:I#:)_IBC^B2X&7NA9^=P9C=%TD:R]9>1/?1ML,L_*2)XZ9MN0C MVA1XJ>WI@I@.-IA0YVR]*'7^'^-,D7JA)O?_]7P(7U7,` M7#$FSPOU;HS/^?8?````__\#`%!+`P04``8`"````"$`X.C?"-L"``"%!P`` M&0```'AL+W=O M"1>4]9F-',^V2%^PDO9U9O_Z>7]U;5M"XK[$+>M)9C\38=]L/GY8'QA_$`TA MT@*&7F1V(^6P\=L7`"2YU4M>ZON?%;H=I;QN& M%7\+!ZLJ6I`[5NP[TDM#PDF+)>@7#1W$B:TKWD+78?ZP'ZX*U@U`L:,ME<^: MU+:Z8O6E[AG'NQ;J?D(A+D[<^N:"OJ,%9X)5T@$ZUPB]K#EU4Q>8-NN20@7* M=HN3*K-OT2I/;'>SUO[\IN0@)M>6:-CA$Z?E5]H3,!O:I!JP8^Q!0;^4ZA$D MNQ?9][H!W[E5D@KO6_F#'3X36C<2NAU!0:JN5?E\1T0!A@*-XT>*J6`M"(!? MJZ-J,L`0_*3_#[24368'L1,E7H``;NV(D/=44=I6L1>2=7\,"!VI#(E_)`E` M_3'N._YUA*+X=1;7*-(%WF&)-VO.#A8,#9PI!JQ&$*V`^529T3'6^J]2H49% MZ8*YOKM?BCP7%6( MSKS&#X.)M2SDI>%XK`[GTW"8>N?LF:KX/:H4>*XJ0/'\V*W!&+.BI97Y-!KX MB3@$^-3LX6WL(7USG+'`&S!`=?D&^8U[875D@I2/2>!=G&S M1\V-9(-^67=,PO[3EPU\[@@,ON<`N&),GF[4>A@_H)N_````__\#`%!+`P04 M``8`"````"$`(F&,O;("``#S!@``&0```'AL+W=O=>7U;7SZ)%3TQI+KLNH+'E7Y_C7S[N+2XRT M(5U)6MFQ'+\PC:_7GS^M]E(]ZH8Q@X"ATSENC.F78:AIPP31@>Q9!SN55((8 M6*HZU+UBI'1!H@UG430/!>$=]@Q+=0Z'K"I.V:VD.\$ZXTD4:XD!_;KAO3ZR M"7H.G2#J<==?4"EZH-CREIL71XJ1H,O[NI.*;%O(^SE."3URN\4K>L&IDEI6 M)@"ZT`M]G?-5>!4"TWI5 M?N,=`[.A3+8`6RD?+?2^M*\@.'P5?><*\%VADE5DUYH?"V,\`0\NS^][PT38Z3>9`MHB0&.-HR;>ZX MI<2([K21XH\'Q0!, MW1/;@O$2F(^9>1U#KN^E"CE:DAO+XK@@"PWE>5JGT>4J?`)/Z0&S\1BX$0,F M'B.*(\*6`N0-&B'SJ<8$:OBV^T=)-F@L:38?G[=Y`S)&%&\@%@-DI!&\.]7X M?VT6##UP8D6RR`9>9^G&8U+7`M;CXN3%Z.1T?+*MX,?NV*`<0WI#,=+H:J+` M8Q:NG$FZF-2S&&UG23)$C]1!?Y_OBP5/5,71P.M]\9C4J9KL%:=[%]D_1T>* MYF-%Y_EE@Z;*)NV[\9AW_7IWVZOSP\??3<%4S0K6MAI1N;.#)89\A[=^YFU@ MYKD)$0X;,'-Z4K,'HFK>:=2R"D*C8`&^*#^U_,+(WEV-K30P;=QC`Q\7!FT6 M!0"NI#3'A;V,P^=J_1<``/__`P!02P,$%``&``@````A`)!X`P``(`L` M`!D```!X;"]W;W)K&ULG%9=;YLP%'V?M/^`>&_` M0,B'DE0-5;=)FS1-^WAVP$FL`D:VT[3_?M`>'Y][?'VYL_O7 MJO1>"!>4U7,?#4+?(W7."EIOYOZOGT]W8]\3$M<%+EE-YOX;$?[]XN.'V9[Q M9[$E1'K`4(NYOY6RF0:!R+>DPF+`&E)#9,UXA24\\DT@&DYPH1=591"%81I4 MF-:^89CR6SC8>DUS\LCR745J:4@X*;$$_6)+&W%@J_);Z"K,GW?-71),`F!: MS`H*&2C;/4[6<_\!33,4^\%BI@WZ3'/WVQ);M/W%:?*4U`;?AG-0)K!A[ M5M`OA7H%BX.3U4_Z!+YSKR!KO"OE#[;_3.AF*^&XAY"12FQ:O#T2D8.C0#.( MAHHI9R4(@+]>155I@"/X5?_?TT)NYWZ<#H:C,$8`]U9$R">J*'TOWPG)JC\& MA%HJ0Q*U)#&H;^/1(!H/T3"]SA(813K!1RSQ8L;9WH.J@3U%@U4-HBDP'S(S M.KI<4V%7E6F56DL&82D*AXUIF15'?4BQ-$UO3;8ZI1:XV9_>EP;2.)6GD5)(5 M/C;44H>@5=UNF4;;NE#'M2'NYMM%W\!``#__P,`4$L#!!0`!@`(````(0`*K]'B'@4``#T3```9 M````>&PO=V]R:W-H965T=.PDJKU5Z>:>(DJ`%'0'>Z_W[*&!OL8J.>W9<83NJ4[5/ELO'L^T>6 M&N^D*!.:STUG8)L&R6-Z2O++W/SKS^VW)],HJR@_12G-R=S\)*7Y??'K+[,[ M+5[+*R&5`1[RJ^KF6U897TD6E0-Z(SG\DEAWA^.%\7"=_V"W&=)7-"2GJL!N+/X M0/&.;5J+62W0WPFYEYUGH[S2^ZY(3F&2 M$U`;XL0B\$+I*S,-3@P"LH78VSH"OQ?&B9RCM[3Z@][W)+E<*PCW"&;$)N:? M/M>DC$%1<#-P1\Q33%,8`/P:6<)2`Q2)/NKVGIRJZ]PCB3UTP-QX(66U M39A+TXC?RHIF_W`CIW'%G;B-$V@;)\ZT=?*`.&R(T`HB^'A`\!H"M(+P-'`\ M>\Q&^X`'_];3A%;P'G!J-O/'3Y'%7DX8)K6`^[@J68CTV:!O" M?PC!M'$"[==ZA:1L(L]RKHFJ^Q4M'9DS\""9#^5W0`&>9O`@)ND.)HX]'?;+ M:?$\K=-^'5718E;0NP&U!/HL;Q&K3([/W+*$]V1$Y!+XMQ4`J<^\/#,WD(11R7MZ9$U4CCD`(.BGTI*50P^+GI+J><\2%5="A:>MZ@VC;/IIG MJ[WM$&W?2]/VG`#1#CVTL=;9$;'"!H%C2CLUKZW:2DS`2(E)C_9P`!/B,VM5 M?(ZX7IN@#2*!=0.TVF\:-^TNLT4V.V2S1S8!LCD@FR.R";N(H@7[0!YK MP:Q5+3@"NTY'=JW@K82-6,_KQ@TTDN7H,=Y((T';2J1#0WDHC01M+Y&6YGJ> MFKZ!-!*T@T2ZM)%*.THC00LETJ6-)4T1'[8`17S^N?.3Q8$Y46/"$34F^OXB M;,2XUXT;:&1,7$\K*9O&J)/$O32MI.P0;=]#VEM M)5)BPKXD_G]0:B]J5!JH&Q8]YU?21H9%(#`J&1='/]MO1'>=P/02.Q6QWEEV MF+CO([JCMI36Q``3#_U$K1@<,9'=*+`4=KMS=$?M"N7QX9<&_.LI(\6%K$B: MED9,W]B%P`3JM43E9<6SRTJRAB_9)48?[OIP?.ZQ'_IP<,3XL^<_P]#Q'TO/ MA]-1#S[RX:``N"5'!)<7M^A"?HN*2Y*71DK.,!>[K@`%O_[@+Q6]03;!%0:M MX-JB?KS"-16!KS1[`&>),Z65>&$=R(NOQ0\```#__P,`4$L#!!0`!@`(```` M(0#)N1_X6P8``%\:```9````>&PO=V]R:W-H965T=)J/JL)_N6P79O7UK3I9+Z1IR_J\MMW)U+;(N:AWY?FPMO_^D7RYLZVV MR\^[_%2?R=I^)ZW]=?/[;ZO7NGEJCX1T%D0XMVO[V'67I>.TQ9%4>3NI+^0, M[^SKILH[>-D;15@VU\2H]_NR(%%=/%?DW+$@ M#3GE'8R_/9:75D2KBFO"57GS]'SY4M35!4(\EJ>R>^^#VE95++\=SG63/YY` M]YL[RPL1NW^!PE=ET=1MO>\F$,YA`\6:[YU[!R)M5KL2%-"T6PW9K^T'=YEY MGNUL5GV"_BG):ZO\;[7'^C5MRMWW\DP@VS!/=`8>Z_J)FG[;403.#O).^AGX ML[%V9)\_G[J_ZM>,E(=C!],=@"(J;+E[CTA;0$8AS,0+:*2B/L$`X*]5E;0T M("/Y6_]\+7?=<6W[\TFPF/HNF%N/I.V2DH:TK>*Y[>KJ7V;D\E`LB,>#P%,$ M"2;>7>`&\*3>[K^9.%.[_W%QXXS[@A/X>A-W-GT5Q\(47N]\.1^ MGG?=4.?<$YXW?>*"^\%3^EV5'%BC_5CA*3U_KM%A4]M72I1W^6;5U*\6+#^8 MO/:2T\7L+B$6+1$?"HU-RU`T/ZL9*!8:Y(%&6=O@#^XM%/K+QI_/5LX+%&?! M;;;8QM4M0F%!*Y&&C4P0FR`Q06J"3`$.:!Z$0SV:PNG:N%$XC4*%BR%O!9"9 M\`R5PD*X1":(39"8(#5!I@!-):P=5>7XRA>S2(UA^M59#.[UT6^9C;<8%(>( M1(C$B"2(I(AD*M%4P<)658E][<:YHU&@[.&A5&U@Z&5&/E318.0%AE$X&`US MBDB,2()(BDBF$BT%4*IJ"CZ>6&K<*Q7CVS("L@0)$8D0B1%)$$D1R52B:8#= M4M7PR6FD471QC/0':[^/A!QX_"QU M0L^Q[E@63]L:J@MJ;&0:?1@TVV1I#%TH(S,YB=P$'D.UNOY"+^F(&[$3G^ZS M\:C;G>Z6(+>4$0]$#Y\VG^I>V6`#F=4R`H>%FI$1Y=`>".G46)?.R5QJYT3N MQ1$B,2()(BDB&2-]FC4)][=(H,:Z!$[4]'G!7,]?R(T458C$B"2(I(ADC&!5 M+AS_U\],;ZWK$D@79E1A**P@N4/U>#-C9XVDU;`R)5(<`[-:I95P3"52'8T# M+N-6(WFAG831*KG!C6O89>T('#IB6%N!M'29ZR@45C!K,EUSHX.*A)4LEU@@ MW=%H2A)A)1U3@3YTS+C52+IH2_*_T\7Z&BU='.GI\HUEXS(K#VI9I@M7%X\E M5<>CCF8OFW`K5SJFHXZ!,:Z,6XVDBS8['Z3K1WV!539Z0BC[I,M:)BU?'"D[ MI;"2HX\PBC%*,$HQRC@:T4B[&47CQWL^;R-H%H;5BOL68:4T+@+ICN@LX.&E8SKFJ.RY M>AYH#R/*%O[_1=E2:T,P1^J$ M'.-L#[D5';%,#NHY1"RI,1YU1!TM=DS''656]>309D=9/V9RKNLPX(`QUY5` MRO8FD!09811CE&"4:H@I8C?>[!ZS(LV!A.1T:JVB?J:WV="2;E8#9E?M6W>V MI(+)7QYQ3QT@R4]-/$[<)W_T%\Z&)^PA6O^_J+%Y!Y< M_X_$V?I+N/H:B3^#^*,.H&U,VC98PN4+!'*&3X;K_4M^('_DS:$\M]:)["%A MTW[[:-@/!.Q%Q]O-Q[J#BWW(*2PF^"&'P&W!=`+-R+ZN._&"?L#PT]#F/P`` M`/__`P!02P,$%``&``@````A`!6IS+9*"0``OBL``!D```!X;"]W;W)K&ULK%K;;MM($GT?8/]!T/M8)JF++=@>6+ST#C`#+!:S MN\^R3-M")-$0Z3CY^ZDFNU@W)I:R>8GBXU/%/M55U:4V;W[[LM^-/I?'>EL= M;L?1Q>5X5!XVU>/V\'P[_L]?Q:]7XU'=K`^/ZUUU*&_'7\MZ_-O=/WZY>:^. MG^J7LFQ&X.%0WXY?FN9U.9G4FY=ROZXOJM?R`+]YJH[[=0,_'I\G]>NQ7#^V M1OO=)+Z\G$_VZ^UAW'E8'D_Q43T];3=E5FW>]N6AZ9PXVZ^/G]Y>?]U4^U=P\;#=;9NOK=/Q:+]9_OY\J([KAQWH_A)-UQOTW?Y@ MW.^WFV-55T_-!;B;=`NUFJ\GUQ/P='?SN`4%/NRC8_ET.[Z/EFX:C2=W-VV` M_KLMWVOV_U']4KV[X_;QC^VAA&C#/OD=>*BJ3Y[Z^Z.'P'ABK(MV!_YU'#V6 M3^NW7?/OZOV?Y?;YI8'MGH$B+VSY^#4KZPU$%-QVG58:ZL.B2&I/ZVWK0GH5EFD-P@A4$< M1X2Z^4]1Y[U(=1VBU,WD;J8]J5=GD-P@A4$<1X0ZZ'H_8>^\%ZDN('-*PPZ) MX[9!3F$B49F;]034FAND,(CCB%#FARG5VZ/9A3]QFI?MYM.J@J2"U!IH&PDL ML>OLWH?4U2%0"BPEYVK3@A6LC)$6DI0%4G?\^WZ?#YJI)B5"\KB(6&CB!N2/4DH^`' M@=.CT(T-(@H!DE%0A9E&@26CH.HP(Q:*R0GB8E2J%<1"0T<0,YQ1]LDH^%F" M1:$[;<_L:U$WD(C@!$@$9Z8R.45#*%@JE!FE;2B4X(L72H"DH7_#DXWZ(C@!(@')U&+3\'`MX<8N@2+C:J"++!$$QDTI"IH@UI8 M0S?\1$IH&1L_X7PG-G]5K]#;!@]$=BKXKPWJ6$"(G0L(T3YF%LHM5%C("4@J M@NW@BCYHBYZM#H<`\6V-]%>W-`HL+L9`N645%G("DF+\(,.VYP,QW=@#"8!= M9!4%B(O1WPY2)'$MP8Z@W+(*"SD!22U^)CE=BV>KC0D0UQ+-5"M-H89:0_B@ M@F.S3VA&/0M#E0\;JEY7$`L-'4'\B=3^9!3\5'-Z%#Q;12%`(@ISTW8"2T:! M&F2(0L]",7G40UR,ZE<%L=#0$<0-J5^)*/AV>'H46K:,`D(R"M3D6GTILF04 M]*E-+!23$\3%J%0KB(6&CB!FN/C&J>V_YO$H_-"IW3I1P>D'.UQ7BBRZ`<@0 M8B6.$+$*A(CE$&I9$'$IFVTIQ;<<_"/,\LE%NHL)`3D%0Y."*=K]+.2/[. M';J[KR>F4B5L2BQ2V1LBE%M682$G(*D2:NMG[*5WH[I1@-@D&'<0E(^_%Y]& M\T2UUHP8I+`W0JBP+"<@J5#-4KK^3KK[@7M@HZ^#(!?9)JKFD:(=N4)!%A@XA M:4BSH0S.!S/826=`8D+;:J^"D,7%!$."[ M1T,W;$AG@XP"K.N,*'BVBD*`1!3,55`26/!!+?E*'3L9L5!,3A`WI&,G1*%W MCX9NV)`.`1D%/_NK:(0(!D%I2]-`DM$X5J=+QFQ4$Q.$(O"-9TO(0J] M>S1TPX;4[D44IFJ"T\WWI(.I=2*#@Q#KO0C1)4^&$%5]CA"Q"H2(Y1"R5T'P M)IW8UA\39&>TUB]H%+MMKH("ZX.C%GV1H'S84!^UUM"_.>@34SU1'[7=RX'= MVV;[\OA+R$=Z,& M^,D27CBR^/UT>0]KM[]83>%UR"$\!D]P)S1@,5O""S,#^'P)KYI8/%TLX44- MBZ]B>#3'OR=?U<_KD^/F\/]6A7/D&0 M+]N_BAZ[]R^['YKP1ZZ'JH'W)F$?X*4_>$^VA/&ULK%I1;]M&#'X?L/]@^+VQ)<5.;,0I8DEW&[`! MP]!MSXJM)$)LRY"4IOWWXTE'\7A4&COH2]-\^4CQ(WEW/%LWG[_M=Z.O>547 MY6$U#BZFXU%^V)3;XO"X&O_S17VZ'H_J)CMLLUUYR%?C[WD]_GS[ZR\WKV7U M7#_E>3,"#X=Z-7YJFN-R,JDW3_D^JR_*8WZ`OSR4U3YKX-?J<5(?JSS;MD;[ MW22<3N>3?58>'IG-2Y;NL@?CKI^)8H[?]YA1W M^ZQZ?CE^VI3[([BX+W9%\[UU.A[M-\O?'P]EE=WO0/>WX#+;H._V%^%^7VRJ MLBX?F@MP-^D"E9H7D\4$/-W>;`M08-(^JO*'U?@N6.IH-I[R:O\O7 MW_+B\:F!-ZHP+L>CS4O=E/O_.E)@@NJ=1-8)_+1.`GC<]2R8 MS<_P`L]K0X&?Z&5^<15,%]'5Z:%<62?PTSJY/CF229>;-M5)UF2W-U7Y.H+^ M!?7U,3.K(5B"8Y/C.52JRTB?];>2#HDR3NZ,E]48%AZ8U]`I7V^C^?1F\A6J MN[&0$G!$CP^3?N$U\(/4!Y0/:`28@L=<)3>#K-+UTID[CQ>C$"-<(D/#0 M$X4,-$E\(/4!Y0/:`9@H:$I7U/#"P!H9,BP!MT:S!0]VW7'"JUY@+)!$(*E` ME$"TBS`-E^=H,&3H5/CA-)K71NN.%"Y(A$`2@:0"40+1+L)$0">YA<"=ZLSN M,EY:==@KZPX)H:E[O<$BXD6+>Q*:)0))!:($HEV$J9O_%'7&"U?7(5Q=-//4 M]:1>G4!2@2B!:!=AZF#7^PFU,UZX.HO,J0T[)`S;#?(2IHE+KC7I":@U%8@2 MB'81ILP,0M[>'LPNS(G3/!6;YW4)306M-;!M1!!BM[,;'UQ7AUR2+$N!,*A) MHRM/FB5UY[39W--!LVMNIH29'C!SCAJF?\'U#^B$(QR%&C(7:A&G@!:A_3\1 M2"H0)1#M(BSB`(Y>MV0_#KEE\Y@1@FZG8BR\/HN1!;ET6-[*2XC5MR-!KN'< M*QJQT%`3Y!I2D_`LF$/<:=QWLM`=^7`HX-/6@86.3F MI#X]\NY<9Y%;B-?/6Q5Q8%FN&`&EDJ4DI!G$Q9@S^W0QW0G/Q%B(B_%FCCBP M++<986_D/940"ZN<$D0]%4Z]:4`1"PTU0:XA#6X\"^;0/ST+W8C`LF`A-POA MU#_$P:+=?W@6O(6;$`O%I`2Y8KRUK(B%AIH@UY#6,L^"&0Y.ST(W2L`3\&EK M,VR;_=5=DA9RNUA`*1H22TE(,XA'#GEW(^]FLS-/00C;/QT0XF6E':T]/F-D MP8[?[[3AU%O/";)(8XH0-_36CD(6&6J$F&%`RXDGQ\P.3ED_EIQN`&'5MA!+ M3N`MS3BP+!XJK4-[";0LTI@.&WI+2B&+##5"_(FTRGARS*CA).>=8\BPOF[/&R>>(`OQLGI[31QTK!!F&>KY M@#866U;KBS*1#AMZ2TI9%JC'S44/&](J8\DQWN64"*A5$)*0II!7)$W+WWP^FDN8E[!+61^]*64%U!B8442":424A+2 M#.(JS83C+,>/JK2#DG,VP8W,"#>/)I7B(DHL4MD;(I1*EI*09A!7Z0U='U4I MI[&PG\8PV-A"$(WYR.XRF$?>`9,0`XU2"2D):09QA=Y`U2D\OM)@BSG:HH0-Z3]I-W!%++(4"/D&KYU.S4?'[O]_./CI65[^XT< MJ9!%>V,BH51"2D*:0;R"9AIR5N([D1NV%[F%W',D$+?4T++@?.S+%P:B0WL6 M=6@/.88AC4"V?#T+#?7@$T,:6W@6S%QR>A8,V\N"A9SQ`,Z.EN763T"I9"D) M:0;QR,W$<7KD=CZAA;4.+009["L3++SU$2/+%6,-"4HE2TE(,XB+,7/$Z6+L MU.&*L1`7X[59#!\GV\J0Y##T9U5B84^E!+F&_JQ*+#34!+F&;\RJD3?4_'A) MMFS>C`BY69"W5&1!&?O"A^)C3&*AF)0@QS#T)D=%+#34!+F&-$RR7HB\0>B= M+,AYIW4`B7&6)$+4LHF$4@DI"6D&\<@'AYLS#\5(CC8(\;)Z1V",+.AQ*FOH ML1)D4292A+BAMQ$H9)&A1H@9!K2<>'(&9Z)SDR,GHJB?B!S9XI:*+!9JZ.T/ M";)(8XH0,XS\8PA99*@1XH9O'$.1-TZ]T_-R;FH=>#UO6113@BR"4@DI"6D& M\;)Z`Y`9!,^^I<(+"/ZYBA#K^<#;:V++,KO7MS<]W+^'<1>:R["' MK^']C/9E!A\/E_"-\@`_@OW'?A+*W#2AP7OBQRSQ_S/ MK'HL#O5HES]`DKM/2JKNC1/[L8G]4."^;.!-$:@#O"H!;P;E\$76]`+J^E"6 M#?X"04WZ=XUN_P<``/__`P!02P,$%``&``@````A`$/0&"EZ`@``#08``!D` M``!X;"]W;W)K&ULE%1=;]L@%'V?M/^`>*^QG8^F M5IPJ7=6MTB9-TSZ>";ZV48VQ@#3MO]_%.);;5%OZ`@8?SKGG?/RP/FCS8&L`1Y"A MM3FMG>LRQJRH07$;Z0Y:_%-JH[C#I:F8[0SPHC^D&I;&\9(I+EL:&#)S#H&[!GT_)7,NCMS]XH1>26&TU:6+D(Z%0$\]7[$KADR;=2'1@4\[,5#F=)MD M-TO*-NL^/[\E'.SDF]A:'SX;67R5+6"R\9K\!>RT?O#0^\)OX6%VH2:79@W9WTG)2(O75:_0FH9.`*+.G`@O/`,EM&B\MX MEJ#H?TA8B*@W>,L=WZR-/A`L&I2T'?V>?6AW(3-J8RZ=LRL_?(>'!. M<1R#7[WV%R#SOEZF=N;OT?%@S#A.H]!I)@?0U.,4]"*96`#G)].#>_4QF\-. MZ(*IJ^5+7E_X2VR??Y>)/_22?]C!DQ._K^LBM%^H3@6F@D_0-)8(O?>ME6*] MC;MCUV]3?Q&O]^?9MG\-V/@#N['C%7SCII*M)0V42!E'OOM,Z.>P<+K#R+&; MM,,V[#]K?'8!2RZ.$%QJ[8X+%&;C0[[Y"P``__\#`%!+`P04``8`"````"$` MVSUA+WL"```.!@``&0```'AL+W=O=R+^O;)]601S!6ZC:G2113`JW0A6RKG/[Z>7>UHL0ZWA:\T2WD]!DL MO=U\_+`^:?-@:P!'D*&U.:V=ZS+&K*A!<1OI#EK\4VJCN,.EJ9CM#/"B/Z0: MEL;QDBDN6QH8,G,)ARY+*6"OQ5%!ZP*)@88[C-_6LK,O;$I<0J>X>3AV5T*K M#BD.LI'NN2>E1(GLOFJUX8<&?3\EN/O%&;V2PFBK2Q;IXGJ5()XP"$A8BZ@WNN>.;M=$G@D6#DK;CO@23#(G?=H16/';K MP3G%HL98+=["XV8V6ZW9(Z9.#)A=P.`X8I(1P5!T5$:URY4]V"O[W/I0=F%C M*I.^+3-[CXP'YQ3',?A5/-(&X0"9]_4RM3-_CXX'8\9Q&H7.,SF`IAZGH%?) MQ"JZ/)D>W*N/V1QV0A=,72U?\_:%'R/Z_W7B3[T6&':P\R:&;\;4!B^A_T)Y M*C`5?(*FL43HH^^M%`MNW!W;?IOZF_AW?YYM^^>`C3^P'3M>P3=N*ME:TD") ME'%TC5Y,:.BP<+K#R+$GM<,^[#]K?']Z+Q/J]__>7VN:H?FD-1M"-@.#N\WE[K(MMV@T]$/)I.Y?\K*LR<8 MHOH]'-5N5^9%4N6/I^+<"I*Z.&8M^-\^A.6?WP>/F45Z<+4-R7 MQ[+]WI%ZHU,>?=F?JSJ[/X+N;VR:Y8J[^\.A/Y5Y7375KAT#G2\<=37?^#<^ M,*UOMR4HP+"/ZF*W\NY8Q(,;SU_?=@'ZMRR>&^/_H^90/?]6E]L_RG,!T88\ M80;NJ^H!3;]L$8+!OC.:=QGXJQYMBUWV>&S_KIY_+\K]H85TST`1"HNVWY.B MR2&B0#,.9LB45T=P`/X=G4I<&A"1[%OW^UQNV\/*"R;C!9O!7DH3S\6PQ"1G,^5Z24)+`KR1ABW&PG+'9'%E> MF7XJ1X*5&LG>-W(N1\*O&CD;+V>SZ7R)\MTY?1&^+AM)UF;KV[IZ'L$2AP`U MEPPW#(N`3:5!,/2)>2DOD!`DN4.6E0=[$T+>P&)Z6H>3^:W_!`L@ES8;UX91 MBUA98+:1-K&!U`:X`?B@J)<%&?T)LI`%92F'-@K0.@-+@[)00Q(;2&V`&P#1 M``O*U#"\,U0&T'CEP;]]!I83ZMI&F`2+7D[L((F#I`["380X#.O9=/B#:PE9 M8#7"3R_%74S":`IEYV6CN#?JD^$@J8-P$R'R8&.9\E[/!QIW*M3<&X&(FMHM M[]A!$@=)'82;"/$/MJ_I7Q?^`")TY5Y&&NJY0,!S,]@+NKKBWD@)3APD=1!N M(D3,@HIY/=AH3%T6B!EL!TD<)'40;B+$/SR'6'4SO#[6R$(=[Q$SUDLKUKU1 M'VL'21V$FPC1`HDUM;P>:S2F+DMDKNN*1$3?[BJY0`+1?A%)'82;"/&/06!- M!S]86#H:ZKJ"#-\E!*Z:&;BA&4BTE4I!ZD*<0%02-BYK_;#9&)MW>RCSATT% M=0UL!G(10G^575=T/RB5RHD-DY`I2$`ACGM:!Q,VM;7T!HHF530Z@UQ"8:!H MPIZ&*L-V9BG#G3&@!(Y'O131!(D4"4&)T#6>64TM9L(JQ,#U9P]FG2P2;:4E M2GK=W;FT8K!1#"[=X:E.;(.6SNLS*'HID2TA*EL'6[0.)JQ":N5DMK?2LB6] M*5M"L/\,V;,7THOM\8=EBQY+9$N("K+.D#&,P.H3T@Q9K2C15EJVI#=E"P@[ MI"%;EUJ:;>RZK\C^6EU>VJ_F*A>]F^B6D+EA!11V;U_R(.Q`*;XL82$V%9D0 M=1_":KL?POL2#+BBW"")53\E1+-F%E.C@&C6 M`KW?J6QLWS^>-7$((%F34-A7WI@Y4.)"J0MQ`E'WL6,;[K]10LW^WBV;#58R MR)AYY'>AQ(52%^($HFYBXS;>@#3"H'AAKBPUPO]*<`V_K[]@/B;W'1M()?/RX;22S9$J*RK4H2!\(*ZYXA6]<(N9J%E:$QE0,- MB`]SZ0I`9?^4(P9T:$>WKNZ'Y-_!1J[N"LF;?!"!EP-]- M&,%MMZOC;@K\W>N9100OJ!&^?KI#8C:#)T,RX/4(G@S)V#!(.QQ2738X`8+' MW1&@.N(Z!)T.AC%D(3[I@ M^KW+\$'ODNV+/[-Z7YZ;T;'8P080KZ6U^"0HWU'EV_5]U<*G/"A`\*$*/MT6 M<(\X&4/?VE55J_X`=_W^8_#Z?P```/__`P!02P,$%``&``@````A`,>R)B]/ M`P``SPH``!@```!X;"]W;W)KO1>Z\4"$9+R,W&/FN0\N8)ZS<1^[O7T]W2]>1BI0)R7E)(_>-2O=^\_'# M^LC%L\PH50X@E#)R,Z6JE>?).*,%D2->T1+^2;DHB()'L?=D)2A)]*(B]\:^ M/_<*PDK7(*S$+1@\35E,'WE\*&BI#(B@.5%0O\Q8)4]H17P+7$'$\Z&ZBWE1 M`<2.Y4R]:5#7*>+5UWW)!=GEH/LUF)+XA*T?>O`%BP67/%4C@/-,H7W-H1=Z M@+19)PP4H.V.H&GD;H/50[!TO@"(6MDK='*F-P%&!& MXQDBQ3R'`N#3*1@>#7"$O$;N&(A9HK+(GP$WXCKGP>3`9Y,3-!D>5-.4!&6T2QJVY\2,R0X/)X'>K^*7?P!IBDS+5;K?E3&T>='@"9^>R+%P$6P)?C5M]1TV2 MG;-LJK(\A0-RNZ>8K,D;4^N(.=]M<7,;%\7-KXK#139^'8&5+;GAL)2%37G9 M1TRVJ>I(7PJ.V6XGS$'X90)<91/4D;:6B?__L%C;$MJ";DS3 MJ4$=LA6=&1/!N^:$SNXH,H,!;,270[MYL+W;9J&BQ75!INUA<=.>&@A8;4&3 MX?[!5TZ;]PYW"IX`HN$OIG M!A='"B]8'X=(RKDZ/>"I;JZBFW\```#__P,`4$L#!!0`!@`(````(0#1>1Y1 MA00``-L/```8````>&PO=V]R:W-H965T&ULK%=;CZLV$'ZO MU/^`>#\!0ZXHR5$(;'ND4ZFJ>GDFQ$G0`HXPN]G]]YVQ,;%Q-F=3]26$CYGQ M-]^,;\NO;U7IO-*&%ZQ>N63DNPZM<[8OZN/*_>O/IR]SU^%M5N^SDM5TY;Y3 M[GY=__S3\L*:9WZBM'4@0LU7[JEMSY'G\?Q$JXR/V)G6\.7`FBIKX;4Y>OS< MT&POG*K2"WQ_ZE594;LR0M1\)@8['(J<)BQ_J6C=RB`-+;,6^/-3<>8J6I5_ M)ER5-<\OYR\YJ\X08E>41?LN@KI.E4??CC5KLET)>;^1<9:KV.+%"E\5><,X M.[0C".=)HG;."V_A0:3U3Z("OS?.GAZRE[+]@UU^I<7QU$*Y M)Y`1)A;MWQ/*Q-/"_%OCVMW#`8S8B_"&<0 M94=Y^U1@2-?)7WC+JG^D$4%2?9"@"P)/%60ZFLS\D,"8GPT2=D'@V04AY,KD MSNCCSA&>RC$8S2>3\72..=SQA*\B>7@JS[M#>E(\48LD:[/ULF$7!QH=36S;$--B MJRRP0!@V&0*I!GB00)\%E.]_R`*C8!9J_%@!6EH#RLI"N21#(-4`@S(TBT[Y M=M:F>EM>Z->:0M)=<1(!AI;3^:^UF@L.*N18HGHTEI(8B&ICAALIH^P06.3 MC42"Q;70%I)82*HC!AN07==&%AH6\P=7``QC\I0(\-3+.A^4M3=28B<6DNJ( M01U/`MK:=;^L:&P2E(@NI(4D%I+JB,$&$M79""%#:(('A<0P)D^)#(1<#(3L MC7HA+235$8,Z@7KKW.\K*:Q-BAVD:VE#B0VE!F1RPK5>JR[J&3[>ET1N&;`$ M*6'B*Z1UYF*PGFZO5LHQL:'4@$S^N/!K_'^@J=PF#)H=)$Y18C_<$@D%H=QB M?3(VNR#I#.2Q3?BD5TALRSX)>Q^3+VX%&E^E]P]XRPW$X-U!4*OKHK^P]OK. M"J:39A7TW+H#0&^EBI"2'M(=/TH*MX1!4F0RPL-5>RKRYYC!X-`A-Y)$C06) M#6Y?@RFI(#/'036VR@KFW37'Z4")1%E=SQVI@@S'Q:07QRP<;C2#'$/_T1SE M;@4#*Z%C/(MCVF:.@U/=MK,*3"NKCETL/4<)?>@H#*`7ULL>EM>6>![!&@U9#/%%!`O@#9SX<,\1DVSH0?`&).X+@R]P-=H$ M-V.!PRT\B.`<>&/L,((3F(UOQM%&SN'!P/$X@E..[1!/(CAOW,"G$>S\-_!9 M!-LJX%X_`%RMSMF1_I8UQZ+F3DD/(+!LHT9>SKJ>8F&&O5"P[07\O7_P(``/__`P!02P,$%``&``@````A``&95L_/'P`` MS[4``!@```!X;"]W;W)KSNLUJF;:%MRY#4T]W_?DY6951<3EH4.7X93W^, M*%:_AP_^W3N^/__4?[ MM\OCHZ?GVV\?;K\\?-N^._YK^W3\]_?_^1]O_WAX_.WI\W;[?(0C?'MZ=_SY M^?G[]OM\_XS\=/)T_?'[>W'_JDKU].)J>G MYR=?;^^_'0]'N'Y\S3$>/GZ\O]O6#W>_?]U^>QX.\KC]XUA_MZ^_C;[]__=O?P]3L.\>O]E_OGO_J#'A]]O;M>?OKV\'C[ZQ?4_6=U M=GLGQ^[_@P[_]?[N\>'IX>/S&QSN9#A1KOGJY.H$1WK_]L,]*DBR'SUN/[X[ M_J6ZWE2SR^.3]V][A?[O?OO'D_G_1T^?'_[H'N\_;.Z_;2$W!BH-P:\/#[^E MT.6'A)!\0MEM/P3__7CT8?OQ]O__I\S/&>X:24F77'_ZJMT]W MD!2'>3.9I2/=/7S!">!_C[[>I]Z`)+=_OCN>X(WO/SQ_?G<\/7\SNSB=5@@_ M^G7[]-S>IT,>']W]_O3\\/7_AZ`J'VHXR#0?!/_F@U23-]79Z7DZQ@MY9SD/ M_TK>^9NSR>SBLG_W%S)QW/ZT\:]D7KVYJ$ZOIA1_!-3Z2['W!1B?,1<(M*\28>M M(V@B:"/H(EA$L(Q@%<$Z@HT!)Q!N5`^"_0SUTF&2>E+WC0"5'[]NRB=!BOTD!\%TW"MC<^HX@$S,UT'114'%%2,ICPG MFO:L&36,6D8=HP6C):,5HS6CC4->Q612K8H[9NG@:>$YI7-NJFQSC6E@5#-J M&+6,.D8+1DM&*T9K1AN'O#+)_W-F,$`.\E&3VS[ZRSV MUQ@E6M<5H891RZACM&"T9+1BM&:T<$:H9 M-8Q:1AVC!:,EHQ6C-:.-0UZ99&FM,@=>_U2#-7:2C6[9]M17CM<#+_35ARY^1F4!S1C6CAE'+J&.T8+1DM&*T9K1QR"OSD_S]A/U] M1J&_PB<88YRRE!4PU$MHX[1@M&2T8K1FM'&(:], M,M.QOPZX09$^&XQ39T3G0JCHFRI#4P- MQ?W\_93]?4:FYCFCFE'#J&74,5HP6C):,5HSVCCDE2GY^W2_?]_^8G\_S?X> MFX'9'^,-?(W2_AH3!347R!]9HZ2FFE'# MJ&74.>3+++GI0T:3W?0THW.S@6>?/.F_/7N&+_:'P:US$N[L2-4-HY91YY`O M,;E2:W6'D7R3/G1Z_GQ_]]O-0[H%4OSV[Q0GVE^(_S(=O*UUP!EA;3/=&F_7 M2A[&W$2%FVZU1`U?IT]?"VX$^<1P,Z65*$WL!-G$<[V(<=J<1;/[\F5`'^X] MK2`SRH+TN[XUHX91RZASR)]ZLHQV6'><>@H/IYX1%@\S-/%VPEF.0NMJU)GJ M.=RGT:BQ;Q79Q.#V6XV2Q$Z1350;YV6(=G*'#.P:SS)R,IS%75VBO`QQ^FJ4 M5-,HLM6$U:[5*$GL%-E$G5]>AOW\X!G[04%>AC!1YQ+E90BSLM8HJ:919*L) MS=9JE"1VBDSB3/O/RU`R?]5LS[7NC*V?(*?.+#3S7*+Y,.S?/E7QX71^: M\]*M=EU(9F$B MU')TK;$I)^I$Z%5M.;$K)VI+>W%P\B^*\X^'[S_:)G$W6/;)LW28L,YF9+>( MC+3*6A(5-8Q:1IU#OJ1DM.QX[U@;4W@X]8QPNF;,PG2?G^4H/?6:4<.H9=0Y MY*M)YFF/:E)XJ"8C6\U4YTK?1_.S'&2+(=1P5,NH<\@7$TW9CJ%A]W66D2VF MFH4%=2Y1J$`'T+BAO"+E8VG-33DQ+'BM1NEZ/1[+OJ.N@4Z&V7[^JP_W8RK( MR7`>UQZ)\C*$H:\U2JII%-EJPJ+5:I0D=HILHBY:7H;]O-R,O9P@+X,N=4-O M2Y27(4SG6J.DFD:1K28T6ZM1DM@I,HD7/]B]9]'+';0_]4<)33):/#FQN43I M[=5:D)D%@C2J%:11G:`^R@]LM&6'5<1N;9:1&^^+,#WG.6K'EBO'THJ:?&-6,&D8MHX[1@M&2T8K1FM'&(:]8 MV<'M??-IQAXNH_3-'-TI:'?4*)E)-:.&4O1/1Y$,-$Z6HTN!^) MTGM(C2"?&#;*5J(TL1-D$XW=\MHDIV2U>=D#SK*Q,E^2%V2N+`3I8EXS:ABU MC#J'W*FGS^OV./4^W(^?(,PJ,S2A(^<2A7'4*+KYI%%CWRHRB1?J0H<-3*,D ML5-D$]5/>AGV\VWG[-L$.1GHYI-$>1FB?=4HJ:919*L)B:U&26*GR";J,NEE MB+[MY48^SV[,-+(@+T.8J'.).QSQ:1PL,6D9$=6/SP4_A[@/,< M9:LAU'!4RZASR%>3_-3K]^KS%!ZJRANCE M#KI2N6"+)\BLP(+TME(MR$QS01K5"M*H3A#??+J(MNRPBMBM]0=&"[CQIIM/ M.6K'EBO'THJ:UN.4]ZO25W+"%I.1OU]U%2;#7*.DY6I&#:.64>>0+Q,3WFV8!]ZO MNDC'"7-F0+[,:=CQYSD145KFF"BHX:B64>>0+S-ZO4/+9!-X,9I`.=MY1G); MKO"=,(V0I(91RZASR)>8K).U/H=M#=F`F0OYBP$IF6>2_F)=3>`TF(-:HO16 M6B/()T;W(U&:V`FRB<9U>B'V\X`7[`$%V>U]-'PR8+5$V6V.HEJ.ZAQRIWZY MGV_KP_VD$X0II$-SI?ME;ZSF$N5]6YB:M49)S8TB>W@UXX-OTRA)[!391&T9 M+T/T;2_O2I=LT`29$12DPU4S:ABUC#J'_*E'@[;CU-F)76;D1S#,D;E$V6IR MHJ*&HUI&G4.^FFBH=E3#][DN,_+5Z&5+[L<<9?L1JZ:_+5#+L6R!Q<1X'<&) MG2+MQ\GI#ZXC+O=S27UXF);9.%D9)J=QRY=$+T.8O+5&R>QJ%-EJPGQN-4H2 M.T4V4>>S[X9HB79T`SN?RXSLM,Q(![66*$4-HY91YY`_=0C_[V^.E^DH86`S M\@.KZUKN[QR%[6%G84[7G61A_FWK<)F. M$M3)R*E3A>DYET1_KCH7>PUKB;+JY,/[Q#"K6D[L!/E$G6A>G>1_K#H[VCZ% M!QDRLFV?D5937Q)J&+6,.H?\J:-`=^K)$T[Q:^68=*__.X'+=)10449^8,." M,\^)[G;!I-+5)0]L/I9*T903PZQJY;PTL2LGZD1SZEQ%MQ4=\^MN%_2'\?)D M9.X-S!G5C!I&+:..T8+1DM&*T9K1QB&O6#1F!UY&7;%CR\A?+=)%L4;)%E8S M:ABUC#J'?)G1Q!U:)KN[JP'Y,NFB6*.TS#%14,-1+:/.(5]F,D]V83NTS&S" M]`KQYBHCL^)E)!?%A>^J:(26.!S'_.U4RU&=0[[$Z-SB%'_5)Y17?-LK(RUY M+D'8D\8]OJ*+8HG2:]M&D$_4-:M?)5N)TL1.D$W\T47Q5;)9=JQ?WL3Z\+"F ML7>3*%V`:T8-HY91YY`?P^2!]CCU;)ET:&ZN,K*[5447Q1*%;7@I9R-D1S`C/X)ACLROK@GNJKD*G MS24*%6@_3J(MUBCMQ]%0V<1HBSFQ4V03?V"+J]-HGU[688CW'3DR.ZY\73R& M.2GH#VU-V*B%8;:FX%3QH^*I&)R0SSI8;U M`RKEHSF5,G.I\?>@H!*E0J5BZ@]VJ^HT.J]=TX$]UG",.!URG!:%0HEA.A!# M5<10E65AH*-G2N9Q[ZOGZC0;)[.=C@0Q/#Z"&)X?00P/D+`L-%GR5M8;'7@15IUFD^;:;&#IIW)T M.:6K34E%F.R;D'1,%09)B4%28I"4&"0E!DF)05)BD)08)+4L2)H\GY5TU]*3 M/:)3;F"FRS`;B4$F8I")&&0B!IF(029BD(D89"(&F8A!)LN"3-@#G$P'=UXZ M4)RY`X-^MO/4._4K%R0=PZ3+("DQ2$H,DA*#I,0@*3%(2@R2$H.DQ""I95[2 M_DDQ>W1>?K*,_066RCUM)LO$K"[$X3DO@V,U78L'O1##DUZ(X5$OQ/"L%V)X MV`LQ/.V%&![W8EF0*5E0*].AG9>?*>/U&_QMZ+Q@(>>5>QQ-WD>90=+Q<-*A MD)08)"4&28E!4F*0E!@D)09)+0N2)@MK)=VQYN7GR'CE!AMLN@ULJ4.F]_2Y>?->/5&^PQ[*39:L/E M!_3,)EIOXT'/@:4?N#:IPU\/R;N08H[0YX6>O9?YB$#(; M$<8@(QT7")X/IY<:$)SBH"[%05V*@Y04!RDI#L)1'(2S+*B4[/H^*@WV'D<4 M16XJ>;B-&Y9PL0#=\H7!F`C=\L%@,\8!K6(O0,HQ3-X34H[,I!9Z=PR35*@[ M,DV=G.D5BO3N&":I$'QD-C5<>6$,QC!)Q1B,S*:JIPG#DCR_'99AD]OW-D%^ M8(X?K7PY832?G/$.)U%2`49K0.E1(.-H3<["(H71RF&N\8NI89'"7*!4C%8A MM3H+DF-Z4"I&JY`Z,;\4)4L-I6*TBJFZOH712I<3/V&TAJL2/UH#PZ8T:AXG M"*:6!)G!R@@^:DRLSG6M[&O'8.6W=(-52C7+;)^*P:)4#%8A=1)_[PJ#1:D8 MK&)J6$4PM2@5@U5,U0D=!BM=U+PT6*^\Y9`?%N1':[A@PH\=RTA@<(AA*A'# M4!##*D<,NA.#[L0@,C&(3`R*$H.BE@7YT@4,R[?W5]NK_$@AK]]P=91^+'KL MVDG\23!(.H:)S)"4&"0E!DF)05)BD)08)"4&28E!4F*0U#(O:;I#YR3=X53Z M^'#)G)GK/&9X,N5P867B\&A*8G@V)3$\G)(8GDY)#(^G)(;G4Q+#`RJ)X0F5 ME@69T@7,S^B\]/V)>,LA,_V9U7DEZ,<_SFI"I!&A9K[.TD-!36)0DQC4M"Q4 MGZY+N/I]'0&^#,&U#TPM'6K/85A9QXG(WT<8PZSQ+:<&FP!)\CMH*B096'H* MR/BN<;>#2&,41`\BI2L$*]*NF92O*+3TFRH_*@@.0,841O\_-ZTD8WMMHDVDK4/KIV:0;4/C*3&O\, M'7*,89(*.49F4X,/AD)#6$FAY$NM0H==%^3G[+B]5Y@3+LX^=$@Z`VP^V,Y4 MN'-UQM(T.4QG#(0KI@9/"N$H%<*])A7"#6$EX9)'_`G"9?OI.BXSO+=1)#A7 M"#>$I0U.PPH=EX_FA"NEGJO![36'<)0*X4JILW!R$&X(*PF7K.!+PKW2+N=' M[_B6&VRF7VHST_HQ"XFAF8A!`&(0@!BJ'5BIVN32;+6[-I#!U?FJK-.3=948 MJB*&JHBA*F*HBABJ(@8K1@Q6C!BL&#%8,7GQ'CW=!YNRJ'0?#0M"H6.3#M\ MH!"EH>BG9HY=4>J4)RL^=\ MDA*#I,0@*3%(2@R2$H.DQ"`I,4AJF9>T?Y2-E71'Y\FC;VSG968DF5?,Z@)K M"JPML*[`%@6V++!5@:T+;.-9D"F9,RO3H9TGC]%Q^@W.3_TQY,OHA=N>&J)- MQPQJCH>2.*A)#&I:%JI/+HZKW]=^R[-S7.V#052$VK-GQ'(Y3D0LGN&G!,8P M]=#HIF)JV.PA20[35$@RL'3S8GS7Z"8@TA@%,8-(R11:D7;-I&PBM?2;2AZK M8RVY,-UR,).L`>V-#FHGAD*)H5!B*&M@_:F$JI+=VZ>J;`]=59E9:2?Q9W\Q M[J.SE$9%H<10*#$42@R%$D.A`RL5FAS;/H5FA^<*S, MWT\0+OM')UQF>&]5A'[KLLK/[PGV/ESOH>/RT;1Z"#W=]:57)8WY<5=;IY2O@'&?L&:JB M.%1%#%410U7$4!4Q6#%BL&+$8,6(P8I9YG>D_AD^5J9#K9@\#,CJ)\QNP)F] M=-M30V2];2IF;8%UGH52DR7C4O?U7?*X'U?HX/84S2L)PW0F08YDHJP=YM"F%.)K9*$81T=9^1D$OP.5!I-H92*)L_,I5X& M>PJ5*!4J%5-UQP\JH8:?H5(Z3/CX*C_>QQM*]D7R%"#W<3`[<3F:ZZ7A78,O MTE+[S1/F^WS_7M\^W[MU^W MCY^V\^V7+T]'=P^_)W.*G^XU^.AQ^_'=,7;;B^M^>%#XF#*^=IE>ZV<&O59- M\!K^#*B45Z6\X3,(SKM*K_4_NTZO34[Q&B9LZ9B3E(=Q++TV3>^'6]^EUT[/ M\1K^.+CX6JH=?^5:?"T=$W_:67PMG0O^1K'T6I5JP!_F%5^KTFO]_?]8^W1Z MO<&GEH6LZ1E>Z7N:0, M7VF(1YM``WR/L)0##?#%N](KT!K7=J57T&"X*5EXI4(._J"E]$IJRG).:LER M1Z:&+&I=I78L=F.:4.7YA)1B1M^^Q=&I^N8M5I.6@N+H5%`:?X]64@!*#SM= M&)U?JNM?RL="0NE(:9A+/$VH`O_E[/J7'ZQI.*7BV&,8BZ.(02R.(8:P.((8 MP-+XX4MOU36^F%2J#M]AFJ372A7BT\/3:WP^51HMW(I+Q\1'!JP];A"D8^). M.;^&K3`=$Y?&_!J^S9$:#9]5E5X[2^L>/E0JOI;R<,>@\-K%[#K]='[IE7.\ M4M(7O_V.5XH*7U77Z3<'"T>[FN"58L574[Q2ZI2;*Y2$'VHL'&V*<\-GXZ57 M<&[X')E?F6.3ZLI[U`P:P)ASSLT,[P,SRJ_@L91XI7^?DW$"/;U_^_WVT_:_ M;A\_W7][.OJR_8A=?_@ETL?[3^D*)_\L:7XD^Z\/S\\/7V',CX\^;V\_;!]3 M`"X0/CX\/,M_X*U/_GAX_*UW%N__)0````#__P,`4$L#!!0`!@`(````(0`3 M]T((6`8``%8@```8````>&PO=V]R:W-H965T&ULE%K;;N,V M$'TOT'\0]+Z6=75LQ%EDNTB[0`L412_/BDS;0BS+D)1D]^\[,Z04<2A:YDLV MG@SG<.9PCL;BWG_^7IV\-]&T97W>^N%BZ7OB7-2[\GS8^O_\_?3ISO?:+C_O M\E-]%EO_AVC]SP\__W3_7C7GV981-K\O"_&U+EXK<>YDD$:< M\@[VWQ[+2]M'JXI;PE5Y\_)Z^534U05"/)>GLOM!07VO*C;?#N>ZR9]/D/?W M,,F+/C9],,)79='4;;WO%A`ND!LUCG[WVF/]_FM3[GXOSP*J#3PA`\]U_8*NWW9H@L6!L?J)&/BS M\79BG[^>NK_J]]]$>3AV0'<*&6%BF]V/KZ(MH*(09A&E&*FH3[`!^.E5)1X- MJ$C^?>M'`%SNNN/6C[-%NEK&(;A[SZ+MGDH,Z7O%:]O5U7_2B3(*9"S:VM>\ MRQ_NF_K=`[[!N[WD>'K"#03N]R0C#+NT;1)VAT$>,QBO*/IZO3`Z(S`6"WEJX"!B!?X9J&055/N-41SY:2>%X MW%Y2=";LH:;*(D_W.+?,)2XZZW&5!2@;LKRS'(J5"Q(ZZTC*8F:`VLJ.?[)< M+R#CZP3A.AU"68#:CV0L1V^M@UY'0F<=25G,9$(`Y]F$R]E<:)D.T9NT;.+A MQ&N'*\3.'M7P>CKDS<`P`)@F$F):@,T3W4H",DL:3AH0FB+0FR9HF9"!&V@Q12"<4H&5)1\G&0A-'>A-L?',B>!8W,XX M>>N\]"9-FN^F\XB<^I^\&9BU_Z.)_E_-MC^M8A!3[?\QH6AZ%CFU/WDS,*4( M$[Q,M/_\,!"9[=^;QORL/R82/1^G]L=1DK5_;S+[)F+]+Z?'63VC9:QF2@C& M>K:VS`*1DQ"0-P-3VC!!$!."Z[H*C&`D#$ MQ+.=0\MTC-ZD$6.9!&(G)2!O!J:4P"0FGE""^`)&!^+Z\>;O%E"4AW,22!F2C`3677[ M:&:B``"F\6*9!&(G`2!OEH82@`E>F`#/%,@K$3DI`WBPAJ00F M+PD3@NN\D+<>N3=IO%@F@<2I_\F;@5DG@03;=C3#$B]WD-Q,0KB,82B3QHME M%$B6/_/I&&V?:),8U["I64$2)SZGKQ9'K+O)[ZB):SQ;R7& M5`"*!+!C8L*E909(G"2`O%E&4@(FF&$*,,.,V?B),NG,6&:`Q*GSR9OE89T! M4M;ZR$R\G&T96J9C]":=&IL3S] M4Z?F)V^&9GWZIZS[D9H(Q^R9C$P9H$@`JU-C>?RG3C)`WBPC)0/F?)8R&9A) MQ.Q^"@!H.C66`2!UZG[R9HE8!X"4M3]2<],;05K(4)02Z.189H#420G(FZ%9 ME0!?98S[AI3`?O/0OUNG93I&;](SLHP#F9,2D#=#LXX#&5."&QN(EC$,)0EZ M1I9Y('.2!/)F:%9)R"8D`1_$UQN)5C$()1):0J%E,,B8(F`=YU^PT"J&JI1! M1[4\O#,F%H@Z_[J-5C%4I2,ZJN51FS'10-0;*JR48O15A0+!1G14R^,PF]*3 M>5Z52\L M/W3U!?8.=[MU!_>Y].L1[N\%7'0N\8YJ7]==_P&0@^%_!#S\#P``__\#`%!+ M`P04``8`"````"$`BZNM2@L$``#;#0``&````'AL+W=O$HMS.#IS9GA,KS\_5Z7U1%M>L'ICD[EK6[3.6%[4AXW] MW[\/LZ5M\2ZM\[1D-=W8+Y3;G[=_?5J?6?O(CY1V%F2H^<8^=EVS'6F5 M\CEK:`V1/6NKM(/']N#PIJ5I+C=5I;-PW="ITJ*V,<.JO24'V^^+C-ZS[%31 MNL,D+2W3#OCS8]'P(5N5W9*N2MO'4S/+6-5`BEU1%MV+3&I;5;;Z>JA9F^Y* MJ/N9^&DVY)8/%^FK(FL99_MN#ND<)'I9\YUSYT"F[3HOH`(AN]72_<;^0E8) M6=K.=BT%^E70,U<^6_S(SG^W1?ZMJ"FH#7T2'=@Q]BB@7W.Q!)N=B]T/L@,_ M6BNG^_14=C_9^1]:'(X=M#N`BD1AJ_SEGO(,%(4T\T4@,F6L!`+PUZH*,1J@ M2/HL_Y^+O#MN;"^JU4J%$D^2*R MR%Q0!8?^/&U#?^T\@:19#XD1`B=BA!`=D0P(T0E@-U*$PDV*'K3P=?$'1F*3 MSF@1ZN^+7X'HB.051#1"-(X@GV%#5V(-@8;P8(9'LX2SPC7"BA4GH>>-VC15,M2J'F"K_ZGD96B8V M&;*8+4.((HNRH!$(+PF\/S-BDRZ/?S?6AWU!B$)@6!`S/R/N"-?81!]A(S;I M;,)I^)`-0GS9+,\UQ$HP&LHH\?SI0&K48@!O3ZX`&YR68\G("2'(:9)# MQA(U%DPCK_&Y^Q,^`FR,C-DQA"@=4Q:T%Q/P%%4),;3OSXS)H)>J)STR[#;N,3VKA3^]&)MEQ!6GT(D)DU0&Z$;9 MT%I5#XP,76*"&*5UZHI.0MBC0N(===!,-74F(\,Q)H/ARH-]>;CZ.)ZNV?7C M10R#OLT*Y2YCJJ;SVS-$+U;E&58$YVM>).XMJE0W]@N-5I-L.L`]H<&,KTF& M\5$R;ZI(;^:'S)M(X9HM+![6-QMY>W\S$`5^LF/=#O:7LH:FZ5 M=`];W7D$\]7BY1P?.M;(*^".=7"IEA^/\".*PGW*G0-XSU@W/(A+Y_BS;/L_ M````__\#`%!+`P04``8`"````"$`#A1H<'H"``#>!0``&0```'AL+W=O+9*+;*Z&L[.SNUI>WNN.W$GKE.E+FB8S2F0O M3*7ZIJ0_?]REO1!.GJY>O]NN3/VUK52>@*&WI6T]7XH&'.B ME9J[Q`RRQYO:6,T]CK9A;K"25^,EW;'Y;+9@FJN>1H;"OH;#U+42\MJ(K9:] MCR16=MQ#OVO5X`YL6KR&3G-[NQU.A-$#*#:J4_YA)*5$B^)STQO+-QWJOD]S M+@[]F M]TFJIO7H]BD*"G45U<.U=`*&@B:9GP8F83H(P)-H%28#AO#[DLZ16%6^+6FV M2$[/9ED*.-E(YV]4H*1$;)TW^G<$I:.HR#5*N^:>KY;6[`C:#;0;>!B>M`!Q MT)2ALL@PJ?R72*@+).O`4E+,*:X[&'NWRO)\R>[@AMACKB(&SPF33@@&-9,D MR#B6]+(]A\P!'#('NX*4JQ@X3C-_.4WVEC0!#&>.Q&=Y-O'&S!&3CW8?UY._ M)5$`HQ?XF6PZ7SQ)M,>@TIRP`>A"T_C M>;$>UYM-+[!>`V_D5VX;U3O2R1J4L^0,==NXH/'@S0#A6#+CL5CCWQ;?48F! MFR4`U\;XPP&)V?1E7OT!``#__P,`4$L#!!0`!@`(````(0`K:TZ#\`(``$P( M```9````>&PO=V]R:W-H965TV12<=%E)/)#XK$N%P7OJHS\^7UW<44\I6E7T$9T+"//3)'KY>=/BZV0 M#ZIF3'O`T*F,U%KW:1"HO&8M5;[H60>_E$*V5,.CK`+52T8+NT)9&LH1KR5S7OU8ZMS=]#UU+YL.DO5YV0=-V`[Z@4KZ:;1O\3V&^-5K:'=4W"$QM+B^9:I'"H*-/YDBDRY M:"`!^/1:CJ,!%:%/&9F`,"]TG9%XYD\OPS@"N+=F2M]QI"1>OE%:M/\L*#)) M62Z3VBW5=+F08NM!OP&M>HK3$Z5`C#G%X,PRC%F^EB1DAR0K9,D(#"H<5U#9 MQV6<3!;!(U0C'S`W%@.?(R8:$0%D,Z8$:1RF]')Y=LH(1F4L%Z9R8P.',OM$ M')GX(S((ALH<)!\G\9B^5;:8Q)3[T$_R$2$$0R_@SUBFJWV=K-"``::5CEZ[H>24$ MNTI#Y-0,+MBC=R`*W[2"IUR!(>)8V0^)TY>Y*WG>"H)=I2%R:B4"\6,ODZLW MO9ACKL0NY+A)QI%WW$3X;A]4\+P=@SX2&Y;#"X:.M@%.V@QR>D-BV`+F9;0O M#6QV4T7'S_3(C]W==D&V3%;L"VL:Y>5B@WMY`IMMC(YWQLI<&DO0WL@Q8]5`L M%$+O'O"^&?\/6/X'``#__P,`4$L#!!0`!@`(````(0"[AGSA@`(``.@%```9 M````>&PO=V]R:W-H965TGGYH'IR M#\9*/50T2U)*8!"ZED-;T>_?;L[>46(='VK>ZP$J^@B67J[>OEGNM+FS'8`C MR##8BG;.C25C5G2@N$WT"`.^:;11W.'1M,R.!G@]!:F>S=)TSA27`PT,I7D- MAVX:*>!:BZV"P042`SUWJ-]V0Z>XN=N.9T*K$2DVLI?N<2*E1(GR MMAVTX9L>ZW[("BX.W-/A&;V2PFBK&Y<@'0M"G]>\8`N&3*ME+;$";SLQT%1T MG957<\I6R\F?'Q)V]N@_L9W>?3"R_B0'0+.Q3;X!&ZWO//2V]E<8S)Y%WTP- M^&)(#0W?]NZKWGT$V78.NWV.!?FZROKQ&JQ`0Y$FF9U[)J%[%(!/HJ2?##2$ M/U1TAHEE[;J*YO/D_"+-,X23#5AW(STE)6)KG58_`RB;1`6N2=HU=WRU-'I' ML-V(MB/WPY.52.PU%<@6&*+*/XE$=9YD[5DJBG.*X1:-O5_EQ7S)[M$-L<=< M!0P^(R:+"(9JHB24<2SI97L.F3W89_9V>2E7X>(XS>SE-/G_I/%@]/M(?%[D MD3=D#IABLONXGN(TD;UT^"'N"/]&NO+AXDG$/PI(C:)%&S(FIV-/7 MF^K!4_+HZOXF#/AQNNW9H9S%V_C0J]GOA]/[XMR/2TZBR]PT4;>PF=N6CE8TD.#E&ER@86;L*KA MX/2(PG'=M,,5F_YV^$4%'+TT07"CM3L<,#&+W^C5+P```/__`P!02P,$%``& M``@````A`)TN'\)W`P``&ULE%;;;N(P$'U?:?\ARGM)'&X%`17=JKN5=J75:B_/)G'`:A)'MBGMW^^, M'4*<`&E?@`SC<^;,C">SN'O-,^^%2<5%L?3)(/0]5L0BX<5VZ?_Y_7ASZWM* MTR*AF2C8TG]CRK];??ZT.`CYK':,:0\0"K7T=UJ7\R!0\8[E5`U$R0KX)Q4R MIQH>Y390I60T,8?R+(C"^19C+]V"(-.4Q>Q#Q/F>%MB"2951#_&K' M2W5$R^/WP.54/N_+FUCD)4!L>,;UFP'UO3R>/VT+(>DF`]VO9$3C([9YZ,#G M/)9"B50/`"ZP@78USX)9`$BK1<)!`:;=DRQ=^FLROR MVHG#5\F3[[Q@D&VH$U9@(\0SNCXE:(+#0>?THZG`3^DE+*7[3/\2AV^,;W<: MRCT&12ALGKP],!5#1@%F$(T1*189!`"?7LZQ-2`C]'7I1T#,$[U;^L/)8#P- MAP3Z5%_L\Z$1.4Q3*A/5!-5PLI#A[4&[Q52;%[R!R`,:8A M*+,(=927@H3H$&2-*$L?&A6.*\CLRVHXGBZ"%\A&7/G<6Q_XK'U([1%`-'5( M$$8SI//I.3*C,S)CNC"4>VMHTD3G:88?H4%GR$PC^.%H6.-:9NLS,NENZAE] MA`B=H1;P=4I3.&DQ54X@]:R3DTUHC?=G$YT->YW.RF([NZEJXN)BXXS"V0#\ MKQ<,S[D4E06ZKJ'FU#V.FJG+>IT*G5VJRM)5@S.V?0TNW\UC\^$IEZ"RN%IN MZ_(Y6F8NYW4MZ.Q259:N%@+L;3$1CHCK#.:82W$TN7)FY^40O."-'/:P5>/` M7!=[?PP`!'!&46LDF&;K%U2-@B9%97($D?""H-:$0-9I/ZL=`W"#ZSM$*I/+ M>F'ZX=5OIA%9)W"R)YWUW#BQ5B:7]<(PQ%YOLX[ZM>*I5LM4)I?U-"J=&T#. M#9%^UNX(,4"F=1HSA(PNU+4U1###).I/<7>-&G'%VA;,Z:GH-W90NKA M`C5V\]@:):AH&/8KZ@X5V'],1=WRG=X_EM:N.':/R)G/&F7)ON@10EU M@\5':%AVS,\=++<,EH`07T.I$/KX@`FKU^75?P```/__`P!02P,$%``&``@` M```A`"@,L:E[`@``X@4``!D```!X;"]W;W)K&UL ME%3+;MLP$+P7Z#\0O$?4PW8:P7)@-T@;H`6*HH\S3:TDPJ(HD'2<_'V7HJW* M25HD%]E<#6=G9W>UO'Y0+;D'8Z7N"II$,270"5W*KB[HSQ^W%Q\HL8YW)6]U M!P5]!$NO5^_?+0_:[&P#X`@R=+:@C7-]SI@5#2AN(]U#AV\J;11W>#0UL[T! M7@Z75,O2.%XPQ65'`T-N7L.AJTH*N-%BKZ!S@<1`RQWJMXWL[8E-B=?0*6YV M^_Y":-4CQ5:VTCT.I)0HD=_5G39\VV+=#\F,BQ/W<'A&KZ0PVNK*14C'@M#G M-5^Q*X9,JV4IL0)O.S%0%72=Y)L%9:OEX,\O"0<[^4]LHP^?C"R_R`[0;&R3 M;\!6ZYV'WI4^A)?9L]NW0P.^&5)"Q?>M^ZX/GT'6C<-NS[$@7U=>/MZ`%6@H MTD3IW#,)W:(`?!(E_62@(?RAH"DFEJ5K"IHMHOEEG"4()UNP[E9Z2DK$WCJM M?@=0,H@*7(.T&^[X:FGT@6"[$6U[[HI:`X MIWC=HK'WJVR^6+)[=$,<,9N`P>>(248$0S6C))0QE?2R/:?,'NPS>[N\E$T( M3-.D+Z?)WI+&@]&9B?ALEHV$7/`S`:[I_7,WI+(@[$7^//7IGCV)-,1A*6^ M"#IS$T?C]6YZ$!]M/,8"9,]K6IQSNL')_5S^/]V^5OG"8X1G+E)+?.QX%!+ MV*DPN`I,#1^A;2T1>N_W)<6)&Z/C*J]3WXFG\5F^'E:PU=N:ME9 MTD*%E'%TB;68L*3AX'2/RG'1M,/E&OXV^"T%'+HX0G"EM3L=,#$;O\ZK/P`` M`/__`P!02P,$%``&``@````A`-8-VLEZ`@``W@4``!D```!X;"]W;W)K&ULE%3+;MLP$+P7Z#\0O$>T+-M)!,N!TR!M@`8HBC[. M-$5)1$11(.DX^?L.15MU'BV2BVRNAK.SL[M:7CSHEMQ+ZY3I"IHF$TID)TRI MNKJ@/W][?M3X31/2@VJE7^<2"E1(O\INZ,Y9L6=3^D,RX. MW,/A!;U6PAIG*I^`CD6A+VL^9^<,3*MEJ5!!L)U8615TG>:7"\I6R\&?7TKN MW-%_XAJS^VQ5^55U$F:C3:$!&V/N`O2F#"%<9B]N7P\-^&9)*2N^;?UWL_LB M5=UX='N.@D)=>?EX)9V`H:!)IO/`)$P+`7@2K<)DP!#^4-`I$JO2-P7-%LG\ M=)*E@).-=/Y:!4I*Q-9YHW]'4#J(BER#M"ON^6IIS8Z@W4"[GH?A27,0!TT9 M*HL,H\I_B82Z0+(.+`7%G.*Z@['WJVPV7[)[N"'VF,N(P7/$I"."0T^B M`$8O\#/:=';V+-$>@TI?PSSQ$H/Q=B\#>,@]FKF/Q+D^KFGQE#>,S2G`_^]5 MN/24?Q_!P/VMY'RL-E82]RD.K9:VEI]DVSHBS#;LRA33-D;'-5Y/0Q>>QV?Y M>EAO-K[`>O6\EK?#B_HI6!:&579".B(%_JRYGMR3X!I,2\%5.!L1YI7 M!5XF^6J&R6(^^/-;\+T9_4>F4?O/6I1?15QSP\!0H(DF4\?$5`L"X(FD<),! MAM!#@2>06)2V*7`ZBZ:W<9H`'&VXL8_"46+$=L8J^<>#DD&4YQJDK:FEB[E6 M>P3M!K3IJ1N>)`=BIRD#-L\05/Y+)*AS)$O'4F"84[ANP-CG13I-Y^09W&`G MS,ICX!DP24`04!,D@8RQI-?M.6=V8)?9V>6DK'Q@G&;R>IKT/6D<&/P>B4^S MZP(])AOL'M>3O2>1`T,OX"?8E$ZS4(&O\02"4@,HB>,`NG`3FOEV-QUXR![L M/$7\9(^KFEWR#L-\!SOQ_W:Y6Y<)3A&X.:KE>C+\3OG!E5S7_!-O6X.8VKE] MF<#$A6A8Y>7$=>(ZGN7+8<5)>`$KUM.:?Z.Z%IU!+:^`,HYNH7+ME]0?K.I! M.2R:LK!E1(GLH6JUX9L&ZSXD4R[.W/WA&;V2PFBK2QNA#X4-XF3V[O>X;\,V0`DJ^;=QWO?\,LJH==GN&!?FZLN)X#U:@H4@3 M36:>2>@&!>"3*.DG`PWAAYQ.,+$L7)W3=![-KN,T03C9@'5KZ2DI$5OKM/H= M0$DO*G#UTNZYX\N%T7N"[4:T[;@?GB1#8J\IQ9:2EW(3!. M,WDY3?J6-!Z,SHS$I]-TX`V9`V;:VSVN9_J61!Z,O<"?BTWQI8*0Z03"4E\$ M/7$31^/U;GIPGWVP\Q0)DSVN:OZ4-PP.3L[_V^5O/4UPBN#-42T7:T,M8:?" MX"HP%7R$IK%$Z*W?EPE.W!`=5GDU\9WX.S[-5OV*L^$%KEC'*_C*325;2QHH MD3*.KK%R$Y8T')SN4#DNFG:X7/W?&K^E@$,71P@NM7;G`R9FP]=Y^0<``/__ M`P!02P,$%``&``@````A`&D-:UAZ`@``WP4``!D```!X;"]W;W)K&ULE%1=3]LP%'V?M/]@^9VX:=HRHJ:H#+%-VJ1IVL>SZSB) M11Q'MDOAW^\X;D,+;(*7M+XY/O><^Y'EY;UNR9VT3IFNH&DRH41VPI2JJPOZ MZ^?-V0=*G.==R5O3R8(^2$ M=GA3&:NYQ]'6S/56\G*XI%LVG4P63'/5T-ZMV!38O7T&EN;[?]F3"Z!\5&MS@\ MH]=*6.-,Y1/0L2CTN><+=L'`M%J6"@Y"V8F554'7:7ZUH&RU'.KS6\F=._I/ M7&-VGZPJOZI.HMAH4VC`QIC;`/U2AA`NLV>W;X8&?+>DE!7?MOZ'V7V6JFX\ MNCV'H>`K+Q^NI1,H*&B2Z3PP"=-"`)Y$JS`9*`B_+^@4B57IFX)FBV1^/LE2 MP,E&.G^C`B4E8NN\T7\B*!U$1:Y!VC7W?+6T9D?0;J!=S\/PI#F(@Z8,SB+# MJ/)?(J$ND*P#2T$QI[CN4-B[539/E^P.U1![S%7$X#EB'A$,:D9)D'$LZ>7R M'#('<,@QG]E;$@4P M>H&?L4P7BR>)]A@X?0ES8A*#\?I:!O"0>RSF/A+G^MC3XI0WCC+FYO_-"K=. M$^PCN/EHY7RT&ZW$A8I3JZ6MY4?9MHX(LPW+,L6XC=%QC]?3T(:G\5F^'O:; MC2^P7SVOY3=N:]4YTLH*E)/D',9MW-!X\*:'<&R9\=BLX6^##ZG$Q$T2@"MC M_.&`Q&S\-*_^`@``__\#`%!+`P04``8`"````"$`NDQ(!GH"``#?!0``&0`` M`'AL+W=O'8=)[&(X\AV*?S['<=M*(--\)+6-\?GGGONO5E>/.B6W$OK ME.D*FB832F0G3*FZNJ`_?UR?G%/B/.]*WII.%O11.GJQ^OAAN3/VSC52>@*& MSA6T\;[/&7.BD9J[Q/2RPYO*6,T]CK9FKK>2E\,EW;+I9#)GFJN.1H;67DCMW])^XQNP^6U5^59V$V6A3:,#&F+L`O2E#")?9B]O70P.^ M65+*BF];_]WLODA5-Q[=/D5!H:Z\?+R23L!0T"33T\`D3`L!>!*MPF3`$/Y0 MT"D2J](W!G9)$L!)QOI_+4*E)2(K?-&_XZ@=!`5N09I5]SSU=*:'4&[ M@78]#\.3YB`.FC)4%AE&E?\2"76!9!U8"HHYQ74'8^]7V>Q\R>[AAMAC+B,& MSQ&3C@@&-:,DR#B6]+H]A\P!'#('NX*4RQ@X3C-]/4WVGC0!#&>.Q&>S;.2- MF2-F-MA]7,_L/8D"&+W`SVC3XJF`F&B/0:6O89YYB<%XNYS=Q'XEP? MUS1_SCN,<@;T_YL5;CU/L(]@XIY*>?(UEA(7*DZMEK:6GV3;.B+,-BS+%.,V M1L<]7D]#&_Z.S_+UL-]L?(']ZGDM;[FM5>=(*RM03I(SE&+CAL:#-SV$8\N, MQV8-?QM\2"4F;I(`7!GC#P?4'``#__P,`4$L#!!0`!@`(````(0#8 MHXNQ@@(``.@%```9````>&PO=V]R:W-H965TU<]N\[QHF;RW:5OI!X M.#YSYLP,LX>];-&6:R-45^`DBC'B'5.EZ.H"__SQ=/Z!8B5;8EX$4(\GRY[I3FJY:J'N?9)0=N8?#%;T43"NC*AL!'?%"KVN>DBD! MIOFL%%"!LQUI7A5XD>3+"2;SV>#/+\%WYN0_,HW:?=*B_"(Z#F9#FUP#5DJM M'?2Y="&X3*YN/PT-^*91R2NZ:>UWM?O,1=U8Z/88"G)UY>7+(S<,#`6::#1V M3$RU(`">2`HW&6`(W1=X!(E%:9L"IY-H?!^G"<#1BAO[)!PE1FQCK)*_/2@9 M1'FN0=HCM70^TVJ'H-V`-CUUPY/D0.PT9<#F&8+*?XD$=8YDX5@*#',*UPT8 MNYVGV71&MN`&.V"6'@//@$D"@H":(`EDG$IZW9YC9@=VF9U=3LK2!T[3C%Y/ MD_Y/&@<&OT_$IUD:>'UFC\D&NT_KR8::G@'Z[.G?K/,$A`K[\+65\ M48K?+#^^DNN:?^1M:Q!3&[EKSKU37 MHC.HY150QM$]E*+]JOJ#53T(AW53%E9L^-O`%Y7#Z,41@"NE[/$`B4GX1L__ M````__\#`%!+`P04``8`"````"$`N+15KWL"``#?!0``&0```'AL+W=OMP5O3"MS^B@=O5Q]_+#<&7OG:BD]`4/K$&OE;#&F=(GH&-1Z$O/"[9@8%HM"P4'H>S$RC*GZS2[FE.V6O;U^:WD MSAW])ZXVN\]6%5]5*U%LM"DT8&/,78#>%B&$R^S%[9N^`=\M*63)MXW_879? MI*IJCV[/8"CXRHK':^D$"@J:9#P+3,(T$(`GT2I,!@K"'W(Z1F)5^#JGDWDR M.Q]-4L#)1CI_HP(E)6+KO-%_(BCM146N7MHU]WRUM&9'T&Z@7GD.F0,X9`[E"E*N8N`XS9.0DS23]Z0)8%3F2/QD.AGDQ\P1,^W+?>QG M^IY$`8Q>X&BKF/Q+D^]C0_Y>U'^0)S M\_]FA5NG"?81W'RRLACL1BMQH>+4:FDK^4DVC2/";,.RC#%N0W38X_4XM.%Y M?)JM^_UFPPOL5\O.D@'%MF/#:K_UOC0RHQ M<:,$X-(8?S@@,1L^S:N_````__\#`%!+`P04``8`"````"$`Z'HRFC$!``!` M`@``$0`(`61O8U!R;W!S+V-O&UL(*($`2B@``$````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````G)%!3\,@&(;O)OZ'AGM+::-1TK)$S4XN,7%& MXPWAVT8LE`#:[M]+NZ[.Z,DC>5\>GN^C6O2Z23[!>=6:&I$L1PD8T4IEMC5Z M6B_3*Y3XP(WD36N@1GOP:,'.SRIAJ6@=/+C6@@L*?!))QE-A:[0+P5*,O=B! MYCZ+#1/#3>LT#_'HMMAR\,`"DP M-*#!!(])1O!W-X#3_L\+8W+2U"KL;9QITCUE2W$(YW;OU5SLNB[KRE$C^A/\ MLKI_'$=-E1EV)0"Q83\-]V$55[E1(&_VK']S3>+]KL*_LTJ*T8X*!SR`3.)[ M]&!W3)[+V[OU$K$B)Q=I7J8E69.2%H26UZ\5/K:F^VP&ZDG@W\0C@(W>/_^< M?0$``/__`P!02P,$%``&``@````A`*>?O/>5````J0```!````!X;"]C86QC M0VAA:6XN>&UL/(Y!"@(Q$`3O@G\8YNYF]2`J2184?($^(&1'$T@F2R:(_MYX M\=)0-%2WGMXYP8NJQ,(&M\.(0.S+'/EI\'Z[;@X(TAS/+A4F@Q\2G.QZI;U+ M_A)<9.@&%H.AM>6DE/A`V/$K-KG6L3R5+)3=+(&HYJ=TX[E7N`K3: M0S5X/B+$_@$A_5)9K?XC]@L``/__`P!02P,$%``&``@````A`/A-^Q[8`@`` M]`H``!``"`%D;V-0&UL(*($`2B@``$````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````G%9;;YLP%'Z?M/^`>&_)K9=5A*I+6W72NE8C M;1\MUQR"5;"9[;"TOW['H"20`IIX,_;W'7_GAH]_N M9@ED5!_CL<"36*J,&OQ4*T_&,6=P+=DZ`V&\R6ATZL'&@(@@.LIW!MW*XD5A MAAJ-)+/Z]//R/4?!@7^5YREGU*"7P3UG2FH9&^=FPR#UO?JAC^I"8&O%S7LP M\KWZIQ\RFL("#0I'K3"8#1OH>`:K-)*T#:+!&N#W`B#\2(_1)5M+NO*=SY\ MIRD5#$CXR;D=)#34@"T.361,'K#"RIPU(O$9;+&+A(H5:,(%L0X)S,X.:.-< MJ6[:7U"=D-M4_FVW_TL:(&/RH%94\(]22.EMN,XRJEKMEY0)!J(`;2H_4)`- MT554T&[*E-Q+959T!:0T\1L8\(*^8G7NM.^]*"$SLE14:,IL46ORPDU"KK#! M>B@G*(S)#,B2;J#'YU.RD)A1C*=@V.#=&LY(N'[5\&>-&2,WA&`J.KG]B0>@-JS=@#J25-G M9[7?WM^-[6+Z.4.T]910IS\])=3YJ^B)0;/QB0TX=G;*:6MFRQ!T4MJO.GF3HY_]5,/6(ZT]]3SIVY',)IM$!CO#@8 M*'YR\::?\J6\QC=].S$U-_TPH?@'P5EB>[[?\.]P6%*I-5*][=$6\_G`SG?/ MU1`;C&?'H^D(1[?:GN_MQ]7@'P```/__`P!02P$"+0`4``8`"````"$`A.;0 MAP@"``""&P``$P``````````````````````6T-O;G1E;G1?5'EP97-=+GAM M;%!+`0(M`!0`!@`(````(0"U53`C]0```$P"```+`````````````````$$$ M``!?C@$,P(``*D:```:```` M`````````````&<'``!X;"]?&PO=V]R:W-H965T&UL4$L!`BT`%``& M``@````A`!RY7,&W!0``&PO=V]R M:W-H965TW`,``"L- M```8`````````````````-(S``!X;"]W;W)K&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`.I1OR-M`P``#@L``!D````````````` M````9T$``'AL+W=O&PO=V]R:W-H965T M&UL4$L!`BT`%``&``@````A`+BT7""W`P``0`P``!@````` M````````````V4@``'AL+W=O&UL4$L!`BT`%``&``@````A`/MB MI6V4!@``IQL``!,`````````````````:8P``'AL+W1H96UE+W1H96UE,2YX M;6Q02P$"+0`4``8`"````"$`R-".Q_D"```3"```&0`````````````````N MDP``>&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`")AC+VR`@``\P8``!D````````` M````````<)D``'AL+W=O&PO=V]R:W-H M965T&UL4$L! M`BT`%``&``@````A`,FY'_A;!@``7QH``!D`````````````````7:4``'AL M+W=O&PO=V]R:W-H965TS%0@``+`D```9```````````````` M`'"U``!X;"]W;W)K&UL4$L!`BT`%``&``@````A M`$/0&"EZ`@``#08``!D`````````````````O+T``'AL+W=O&PO=V]R:W-H965TL01`<``%$>```9`````````````````!_#``!X;"]W;W)K M&UL4$L!`BT`%``&``@````A`,>R)B]/`P``SPH` M`!@`````````````````FLH``'AL+W=O1Y1A00``-L/```8`````````````````!_.``!X M;"]W;W)K&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`!/W0@A8!@``5B```!@````````````````` MW_(``'AL+W=O!0``&0`````````` M``````"N_0``>&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`+N&?.&``@``Z`4``!D` M````````````````A@,!`'AL+W=O&PO M=V]R:W-H965TP(` M`.(%```9`````````````````.L)`0!X;"]W;W)K&UL4$L!`BT`%``&``@````A`-8-VLEZ`@``W@4``!D````````````````` MG0P!`'AL+W=O&PO=V]R:W-H965T0(``.(%```9```````` M```````````2`0!X;"]W;W)K&UL4$L!`BT`%``& M``@````A`&D-:UAZ`@``WP4``!D`````````````````L!0!`'AL+W=O&PO8V%L8T-H86EN+GAM;%!+`0(M M`!0`!@`(````(0#X3?L>V`(``/0*```0`````````````````*@B`0!D;V-0 B&UL4$L%!@`````U`#4`7`X``+8F`0`````` ` end XML 14 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Details)

Dec. 31, 2014

Dec. 31, 2013

Details

OutstandingLimitedPartnershipInterests 72,007 72,017

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_OutstandingLimitedPartnershipInterests

Namespace Prefix: fil_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_TextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 15 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 16 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Partnerships

(in thousands)

December 31, 2014

Assets:

Unaudited

Material Investee

Total

Land

$ 112

$ 1,013

$ 1,125

Building and improvements

4,109

10,599

14,708

Accumulated depreciation

(2,462)

(4,821)

(7,283)

Other assets

37

595

632

Total assets

$ 1,796

$ 7,386

$ 9,182

Liabilities and Partners Deficit:

Liabilities:

Mortgage notes payable and interest

$ 2,047

$ 19,785

$ 21,832

Other liabilities

277

366

643

Partners’ deficit

(528)

(12,765)

(13,293)

Total liabilities and partners' deficit

$ 1,796

$ 7,386

$ 9,182

Condensed Combined Balance Sheets of the Local Partnerships

(in thousands)

December 31, 2013

Assets:

Unaudited

Material Investee

Total

Land

$ 112

$ 1,010

$ 1,122

Building and improvements

4,109

9,751

13,860

Accumulated depreciation

(2,355)

(4,393)

(6,748)

Other assets

67

588

655

Total assets

$ 1,933

$ 6,956

$ 8,889

Liabilities and Partners Deficit:

Liabilities:

Mortgage notes payable and interest

$ 2,047

$ 19,046

$ 21,093

Other liabilities

284

422

706

Partners’ deficit

(398)

(12,512)

(12,910)

Total liabilities and partners' deficit

$ 1,933

$ 6,956

$ 8,889

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_CondensedCombinedBalanceSheetsOfTheLocalPartnerships

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 17 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Details

Net Income (Loss) $ (542)us-gaap_NetIncomeLoss $ (1,633)us-gaap_NetIncomeLoss

Investment in Local Partnerships 1,094 4,903

Net income (loss) per tax return $ 552fil_NetIncomeLossPerTaxReturn $ 3,270fil_NetIncomeLossPerTaxReturn

Net income (loss) per limited partnership interest $ 7,590 $ 44,950

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_NetIncomeLossPerLimitedPartnershipInterest

Namespace Prefix: fil_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_NetIncomeLossPerTaxReturn

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Cash inflow received as distributions, returns of capital, or sale proceeds from partnership interests held for investment purposes.

+ References

No definition available.

+ Details

Name: us-gaap_ProceedsFromLimitedPartnershipInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_TextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 18 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Rental Income, Nonoperating $ 3,120us-gaap_RentalIncomeNonoperating $ 2,863us-gaap_RentalIncomeNonoperating

Expenses

Operating Costs and Expenses 2,295us-gaap_OperatingCostsAndExpenses 2,032us-gaap_OperatingCostsAndExpenses

Interest Expense 669us-gaap_InterestExpense 623us-gaap_InterestExpense

Depreciation, Depletion and Amortization, Nonproduction 541us-gaap_DepreciationAndAmortization 544us-gaap_DepreciationAndAmortization

TotalExpenses 3,505fil_TotalExpenses 3,199fil_TotalExpenses

Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (385) (336)

Unaudited

Rental Income, Nonoperating 412 430

Expenses

Operating Costs and Expenses 413 384

Interest Expense 24 24

Depreciation, Depletion and Amortization, Nonproduction 107 114

TotalExpenses 544 522

Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (132) (92)

Material Investee

Rental Income, Nonoperating 2,708 2,433

Expenses

Operating Costs and Expenses 1,882 1,648

Interest Expense 645 599

Depreciation, Depletion and Amortization, Nonproduction 434 430

TotalExpenses 2,961 2,677

Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest $ (253) $ (244)

X

- Details

Name: fil_ExpensesAbstract

Namespace Prefix: fil_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_TotalExpenses

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

+ Details

Name: us-gaap_DepreciationAndAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Amount of the cost of borrowed funds accounted for as interest expense.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.9)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 9

-Article 9

+ Details

Name: us-gaap_InterestExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.

+ References

No definition available.

+ Details

Name: us-gaap_OperatingCostsAndExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Income earned by providing the use of assets to an outside party in exchange for a payment or series of payments that is nonoperating in nature.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.7)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_RentalIncomeNonoperating

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_StatementScenarioAxis=fil_MaterialInvesteeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementScenarioAxis=fil_UnauditedMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 19 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 4 - Transactions With Affiliated Parties
12 Months Ended

Dec. 31, 2014

Notes

Note 4 - Transactions With Affiliated Parties
Note 4 – Transactions with Affiliated Parties

Under the terms of its Partnership Agreement, the Partnership is obligated to the General Partner for the following fees:

(a) An annual Partnership management fee in an amount equal to 0.5 percent of invested assets (as defined in the Partnership Agreement) at the beginning of the year is payable to the General Partner. For the years ended December 31, 2014 and 2013, partnership management fees in the amount of approximately $64,000 and $107,000, respectively, were recorded as an expense.

(b) A property disposition fee is payable to the General Partner in an amount equal to the lesser of (i) one-half of the competitive real estate commission that would have been charged by unaffiliated third parties providing comparable services in the area where the apartment complex is located, or (ii) 3 percent of the sale price received in connection with the sale or disposition of the apartment complex or local partnership interest, but in no event will the property disposition fee and all amounts payable to unaffiliated real estate brokers in connection with any such sale exceed in the aggregate, the lesser of the competitive rate (as described above) or 6 percent of such sale price. Receipt of the property disposition fee will be subordinated to the distribution of sale or refinancing proceeds by the Partnership until the limited partners have received distributions of sale or refinancing proceeds in an aggregate amount equal to (i) their 6 percent priority return for any year not theretofore satisfied (as defined in the Partnership Agreement) and (ii) an amount equal to the aggregate adjusted investment (as defined in the Partnership Agreement) of the limited partners. No disposition fees have been paid or accrued.

(c) The Partnership reimburses NAPICO for certain expenses. The reimbursement to NAPICO was approximately $29,000 for the years ended December 31, 2014 and 2013, and is included in general and administrative expenses.

NTC-II is typically either a special limited partner or an administrative general partner in each Local Partnership in which the Partnership has an investment.

The General Partner is not obligated to advance funds to the Partnership for operations or to fund Partnership advances to Local Partnerships, but may voluntarily do so from time to time. There were no advances received by the Partnership during the years ended December 31, 2014 and 2013. The Partnership may receive future advances of funds from the General Partner although the General Partner is not obligated to provide such advances.

Bethesda and its affiliates owned 1,133 limited partnership interests (the "Units") in the Partnership representing 1.57% of the outstanding Units in the Partnership at December 31, 2014. It is possible that Bethesda or its affiliates will acquire additional Units in the Partnership either through private purchases or tender offers. Pursuant to the Partnership Agreement, unitholders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Bethesda as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Bethesda as its sole stockholder.

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph b

-Article 3A

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph k

-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

EXCEL 20 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I7;W)K#I7;W)K#I7;W)KF%T:6]N7V%N9%]3=6UM87(\+W@Z M3F%M93X-"B`@("`\>#I7;W)K#I7;W)K#I7;W)K M&5S/"]X.DYA;64^ M#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I7;W)K#I7;W)K MF%T:6]N7V%N9%]3=6UM M87(Q/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DYO=&5?,5]/#I7;W)KF%T:6]N7V%N9%]3=6UM87(T/"]X.DYA;64^#0H@ M("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,5]/#I7;W)KF%T:6]N7V%N9%]3=6UM87(W/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T M4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=OF%T:6]N7V%N9%]3=6UM M87(Q,#PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO M=&5?,5]/#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,E]);G9E#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O&5S7U)E8V]N M8VEL:6$\+W@Z3F%M93X-"B`@("`\>#I7;W)K&5S7U)E8V]N8VEL:6$Q/"]X.DYA;64^#0H@("`@ M/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I7;W)KF%T:6]N7V%N9%]3=6UM87(Q-#PO>#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,5]/#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DYO=&5?,E]);G9E#I%>&-E M;%=O#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/DYO=&5?-5]);F-O;65?5&%X M97-?4F5C;VYC:6QI83(\+W@Z3F%M93X-"B`@("`\>#I7;W)K&5S7U)E8V]N8VEL:6$S/"]X.DYA M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I!8W1I=F53:&5E=#XP M/"]X.D%C=&EV95-H965T/@T*("`\>#I0#I%>&-E;%=O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M2!296=I'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$"!+ M97D\+W1D/@T*("`@("`@("`\=&0@8VQA2!#;VUM;VX@4W1O8VLL M(%-H87)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$2!&:6QE3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^4VUA;&QE3QS<&%N/CPO'0^665S/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^3F\\2!796QL+6MN;W=N(%-E87-O;F5D($ES'0^3F\\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2D@8V%P:71A M;#H\+W-T2D@8V%P:71A;#PO=&0^#0H@("`@("`@(#QT9"!C;&%S3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B M9E\R.3'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2D@0V%P:71A;"`H M55-$("0I/&)R/DEN(%1H;W5S86YD7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS,#8\ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$2`H M=7-E9"!I;BD@:6YV97-T:6YG(&%C=&EV:71I97,\+W1D/@T*("`@("`@("`\ M=&0@8VQA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC M86YT($%C8V]U;G1I;F<@4&]L:6-I97,\8G(^/"]S=')O;F<^/"]T:#X-"B`@ M("`@("`@/'1H(&-L87-S/3-$=&@@8V]LF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@ M4&]L:6-I97,\+W1D/@T*("`@("`@("`\=&0@8VQA6]U="UGF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI M9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I97,\+V(^/"]P/B`\<"!S='EL93TS M1&UA6]U="UG6]U M="UGF%T:6]N/"]U/CPO<#X@/'`@&5S('1H870@87)E(&5L:6=I M8FQE(&9O"!#2!C;VUP86YY+B!4 M:&4@1V5N97)A;"!087)T;F5R(&ES(&$@2!O9B!"971H97-D M82!(;VQD:6YG2!H96QD(')E86P@97-T M871E(&%S2`H)B,Q-#<[0F5T:&5S9&$F M(S$T.#LI+B!"971H97-D82!A8W%U:7)E9"!T:&4@1V5N97)A;"!087)T;F5R M(&]N($1E8V5M8F5R(#$Y+"`R,#$R+"!P=7)S=6%N="!T;R!A;B!O<'1I;VX@ M86=R965M96YT('=I=&@@06EM8V\O0F5T:&5S9&$@2&]L9&EN9W,L($EN8RXL M(&$@2!O9B!!<&%R=&UE;G0@26YV97-T;65N="!A;F0@36%N M86=E;65N="!#;VUP86YY("@F(S$T-SM!:6UC;R8C,30X.RDL(&$@<'5B;&EC M;'D@=')A9&5D(')E86P@97-T871E(&EN=F5S=&UE;G0@=')U6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y4 M:&4@1V5N97)A;"!087)T;F5R(&AA6]U="UG6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\=3Y"87-I6]U="UG3ML87EO=70M9W)I9"UM;V1E.FQI;F4[;6%R9VEN+6QE9G0Z M,&EN/E1H92!A8V-O;7!A;GEI;F<@9FEN86YC:6%L('-T871E;65N=',@:&%V M92!B965N('!R97!A6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM;&5F=#HN-35I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y.VQA>6]U="UG6]U="UG6]U="UG3ML87EO=70M9W)I9"UM;V1E.FQI;F4[;6%R9VEN+6QE M9G0Z,&EN/E1H92!I;G9E2!M971H;V0N($%C M<75IF5D(&%S('!A2!T:&4@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM;&5F=#HN-35I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y.VQA>6]U="UG3ML87EO=70M9W)I9"UM;V1E.FQI M;F4[;6%R9VEN+6QE9G0Z,&EN.W1E>'0M86QI9VXZ;&5F=#XF;F)S<#L\+W`^ M(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\=3Y. M970@26YC;VUE("AL;W-S*2!A;F0@9&ES=')I8G5T:6]N(%!E'0M86QI M9VXZ:G5S=&EF>3ML87EO=70M9W)I9"UM;V1E.FQI;F4^/'4^/&9O;G0@;&%N M9STS1%@M3D].13Y!8F%N9&]N960@26YT97)E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG2`\+V9O;G0^,3`@/&9O;G0@;&%N9STS1%@M3D].13YA;F0@ M,3PO9F]N=#XU(#QF;VYT(&QA;F<],T18+4Y/3D4^=6YI=',L(')E2P@9'5E('1O(&QI;6ET960@<&%R=&YE6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/'`@6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y4:&4@4&%R=&YE6]U="UG6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\=3Y);7!A:7)M96YT M(&]F($QO;F6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE/B9N8G-P.SPO<#X@/'`@'0M:6YD96YT.BTS,2XU<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.VUA M'0M:6YD96YT.C!I M;CXF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`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`@6]U="UG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.BTT+C5P=#MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HP M:6X[;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3ML M87EO=70M9W)I9"UM;V1E.FQI;F4[;6%R9VEN+7)I9VAT.C!I;CY);B!D971E M2!W:71H(&%N9"!S:6=N:69I8V%N8V4@=&\@=&AE(&)U6]U="UG'0M M86QI9VXZ:G5S=&EF>3Y!="!$96-E;6)E2!B96YE9FEC:6%R>2XF(S$V,#L@5&AE(%!A6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM;&5F=#HN,C5I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@2!M86YA M9V5M96YT(&%G96YT(&9O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN-S5I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:6YD96YT.BTN,C5I;CX\ M9F]N=#XF(S$X,SLF;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#LF;F)S M<#LF;F)S<#LF;F)S<#L@/"]F;VYT/G1H92!G96YE2!T:&4@ M3&]C86P@4&%R=&YE2!R96-O=7)S92!O8FQI9V%T:6]N6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN-S5I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:6YD96YT M.BTN,C5I;CX\9F]N=#XF(S$X,SLF;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#LF M;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#L@/"]F;VYT/G1H92!087)T;F5R6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`R("T@26YV97-T;65N M=',@26X@86YD($%D=F%N8V5S('1O($QO8V%L(%!A6]U="UG'0M:6YD96YT.C!I;CY!2!M86YA9V5M96YT(&]F('1H92!,;V-A;"!087)T;F5R&-E<'0@87,@9&ES8W5S6]U="UG65A6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F M=#HS,2XU<'0[;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S M=&EF>3MT97AT+6EN9&5N=#HM,S$N-7!T.VQA>6]U="UG2!T:&4@3&]C86P@4&%R=&YE2X@5&AE(%!A2!F;W(@9&5V96QO<&EN9RP@8V]N6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R M9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN M9&5N=#HM,S$N-7!T.VQA>6]U="UG"!#'0M:6YD96YT.C!I;CY4:&4@4&%R=&YE M&5R8VES92!C;VYT6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R M9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN M9&5N=#HM,S$N-7!T.VQA>6]U="UG'0M:6YD96YT.BTS,2XU<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.VUA6EN9R!S=&%T96UE;G1S(&]F(&]P97)A=&EO;G,N($1U65A'0M M:6YD96YT.C!I;CXF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3Y&;W(@=&AO2!I;B!I;F-O;64@;V8@=&AE($QO M8V%L(%!A'1E;G0@;V8@9&ES=')I M8G5T:6]NF%T:6]N(&]F(&%C<75I2!E87)N:6YG6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y);B!.;W9E;6)E M6EN9R!A("0S M+#`P,"!T6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y$ M=7)I;F<@4V5P=&5M8F5R(#(P,3,L('1H92!087)T;F5R2!T:&4@4&%R M=&YE2X@07,@;V8@1&5C96UB97(@,S$L(#(P,30L('1H92!O M=71S=&%N9&EN9R!P2!O8V-U M2!!6]U="UG6]U="UGF5R;RX@5&AE(%!A2`D,S`V+#`P M,"!A;F0@)#$L,S0T+#`P,"!T;R!-:6-H:6=A;B!"96%C:"!D=7)I;F<@=&AE M('EE87)S(&5N9&5D($1E8V5M8F5R(#,Q+"`R,#$T(&%N9"`R,#$S+"!R97-P M96-T:79E;'DL(&9O2!P97(@=&AE($QO8V%L(%!AF5D(&%S(&EN8V]M92X\+V9O;G0^/"]P M/B`\<"!S='EL93TS1&UA6]U="UG'0M86QI9VXZ:G5S=&EF>3ML87EO=70M9W)I9"UM;V1E.FQI M;F4^5&AE(%!A6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#,S."!C M;VQS<&%N/3-$-2!V86QI9VX],T1T;W`@'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I9'1H M.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.30@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W M.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W M-"XX<'0[('!A9&1I;F6]U="UG6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H M.B`W-"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I9'1H.B`R-C$N.7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR M<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H M.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@ M36]R=&=A9V4@;F]T97,@<&%Y86)L92!A;F0@:6YT97)E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG M6QE/3-$)W=I M9'1H.B`W,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`W M-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@4&%R=&YE6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[ M('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I M;F6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$ M)W=I9'1H.B`W-"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A M9&1I;F6QE/3-$)W=I M9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#,S."!C;VQS<&%N/3-$-2!V86QI M9VX],T1T;W`@'0@,2XP<'0[('!A M9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$.30@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.B`W,"XX<'0[(&)O6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I M9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP(&%L:6=N/3-$6]U="UG6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M:G5S=&EF>3XF(S$V,#L@06-C=6UU;&%T960@9&5P6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I M;F6]U M="UG'0@,2XP<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z M(&YO;F4[(&)O'0@,2XP<'0[ M('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3Y4;W1A;"!A6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I M9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6]U="UG6QE/3-$)W=I9'1H M.B`W,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y,:6%B:6QI=&EE6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H M.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`R M-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@3W1H M97(@;&EA8FEL:71I97,\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V86QI M9VX],T1B;W1T;VT@6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I M;F6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T M.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y4;W1A;"!L:6%B:6QI=&EE M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[ M(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E M;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@=VED=&@],T0V.#<@6QE/3-$)W=I9'1H.B`U,34N-G!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ8V5N=&5R/D-O;F1E;G-E9"!#;VUB:6YE9"!297-U M;'1S(&]F($]P97)A=&EO;G,@;V8@=&AE($QO8V%L(%!A6QE/3-$)W=I9'1H.B`U,34N-G!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/BAI;B!T:&]U M6]U="UG6]U="UG6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ8V5N=&5R/E5N875D:71E9#PO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,C`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F'0@,2XP M<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6]U="UG M6QE/3-$)W=I M9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@4F5N=&%L(&%N9"!O M=&AE6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'!E;G-E6QE/3-$)W=I9'1H.B`W-"XX M<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[ M('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3XF(S$V,#LF(S$V,#LF(S$V,#L@3W!E6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U="UG6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6]U="UG6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$)W=I M9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6]U="UG6QE/3-$)W=I9'1H M.B`W,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@1&5P6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'!E;G-E'0@,2XP<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I M9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP(&%L:6=N/3-$'0@,2XP<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O M'0@ M,2XU<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[ M('!A9&1I;F6]U="UG6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX M<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$=VED=&@Z-3$U+C9P=#MM87)G:6XM M;&5F=#HM-2XT<'0[8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT M9"!W:61T:#TS1#8X-R!C;VQS<&%N/3-$-B!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`R-3,N M-W!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R M/CQU/D1E8V5M8F5R(#,Q+"`R,#$S/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I M9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I M9'1H/3-$,3`P('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S0N M.'!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I9'1H M.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.30@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W M.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U M="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG M6QE/3-$)W=I M9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP(&%L:6=N/3-$6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`R M-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#LF(S$V M,#LF(S$V,#L@26YT97)E2!E>'!E;G-E6QE/3-$)W=I9'1H.B`Q-2XR M<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I M;F6]U M="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT M-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I M;F6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'0@,2XU<'0[('!A9&1I;F6QE M/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF M;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[ M;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT M+6EN9&5N=#HM,S$N-7!T.VQA>6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3Y4:&4@9F]L;&]W:6YG('1A8FQE&-L=61E M('1H92!,;V-A;"!087)T;F5R6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XH,2D@/'4^4V-H961U;&4@;V8@ M16YC=6UB6QE M/3-$)W=I9'1H.B`X-2XU<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$.3`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`V-RXU<'0[ M('!A9&1I;F6QE M/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`X-2XU<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.#0@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`V,RXP<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N M=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`R('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S8N-7!T.R!B;W)D97(Z(&YO;F4[ M(&)O'0@,2XP<'0[('!A9&1I M;F'0M86QI M9VXZ8V5N=&5R/D%C8W5M=6QA=&5D($1E<')E8VEA=&EO;CPO<#X@/"]T9#X@ M/"]T6QE M/3-$)W=I9'1H.B`X-2XU<'0[(&)O6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3`R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S8N-7!T M.R!B;W)D97(Z(&YO;F4[(&)O'0@ M,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`V-RXU M<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`X M-2XU<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6]U="UG6]U="UG6QE/3-$)W=I9'1H M.B`X-2XU<'0[('!A9&1I;F6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`R('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S8N-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`N,C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T M(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXU<'0[ M('!A9&1I;F6]U="UG6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$ M;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE/CQF;VYT('-T>6QE/3-$;&5T=&5R+7-P M86-I;F6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`W-BXU<'0[(&)O'0@,2XU<'0[('!A M9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H M.B`N,C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A M;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R9VEN+6)O='1O;3HN M,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN9&5N=#HM,S$N-7!T M.VQA>6]U="UG'0M:6YD96YT.C!I;CXF;F)S<#L\+W`^(#QP(&%L:6=N M/3-$;&5F="!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM;&5F=#HS,2XU<'0[;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI M9VXZ:G5S=&EF>3MT97AT+6EN9&5N=#HM,S$N-7!T.VQA>6]U="UG'0M M:6YD96YT.C!I;CXF;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS M<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`V M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-SDN-#5P=#L@8F]R M9&5R.B!N;VYE.R!B;W)D97(M8F]T=&]M.B!S;VQI9"!W:6YD;W=T97AT(#$N M,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R M/DUA=&5R:6%L($EN=F5S=&5E/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q."!V M86QI9VX],T1T;W`@6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/E1O=&%L(#PO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V86QI9VX] M,T1B;W1T;VT@6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A M9&1I;F6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I M;F6]U M="UG6]U="UG6QE/3-$ M)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X@ M0F%L86YC92!A="!B96=I;FYI;F<@;V8@>65A6]U="UG6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U M="UG6QE/3-$)W=I9'1H.B`R M-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X@26UP6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO M;F4[(&)O6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H M.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q,RXT-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M6]U="UG M6]U="UG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M;&5F=#HS,2XU<'0[;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ M:G5S=&EF>3MT97AT+6EN9&5N=#HM,S$N-7!T.VQA>6]U="UG'0M:6YD M96YT.C!I;CXF;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS<&%C M:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@6QE/3-$)W=I9'1H.B`R-3,N-W!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/CQU M/D1E8V5M8F5R(#,Q+"`R,#$S/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H M.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3`P('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S0N.'!T M.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q M,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N M=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.30@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6]U M="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3X@26UP6QE/3-$)W=I9'1H M.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF M>3X@0F%L86YC92!A="!E;F0@;V8@>65A'0@,2XU<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'0M:6YD96YT.BTS,2XU<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.VUA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R9VEN M+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN9&5N M=#HM,S$N-7!T.VQA>6]U="UG'0M:6YD96YT.C!I;CX\9F]N="!S='EL M93TS1&QE='1E6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M;&5F=#HS,2XU<'0[;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ M:G5S=&EF>3MT97AT+6EN9&5N=#HM,S$N-7!T.VQA>6]U="UG'0M:6YD M96YT.C!I;CXF;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS<&%C M:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6]U="UG M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`V('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-SDN-#5P=#L@8F]R9&5R M.B!N;VYE.R!B;W)D97(M8F]T=&]M.B!S;VQI9"!W:6YD;W=T97AT(#$N,'!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/DUA M=&5R:6%L($EN=F5S=&5E/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q."!V86QI M9VX],T1T;W`@6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/E1O=&%L(#PO<#X@/"]T9#X@ M/"]T6QE M/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF M>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V86QI9VX],T1B M;W1T;VT@6]U="UG6QE M/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN M9SHP/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R M/B`\='(^(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1T;W`@'0@,2XP M<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I M;F6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W M.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN9SHP/CQP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R/B`\='(^(#QT9"!W M:61T:#TS1#,T.2!V86QI9VX],T1T;W`@6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR M<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE M/3-$;6%R9VEN+6QE9G0Z+34N-'!T.V)O6QE/3-$ M)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF M;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#,S."!C;VQS<&%N/3-$-2!V M86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6]U="UG6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3`V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-SDN-#5P M=#L@8F]R9&5R.B!N;VYE.R!B;W)D97(M8F]T=&]M.B!S;VQI9"!W:6YD;W=T M97AT(#$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M8V5N=&5R/DUA=&5R:6%L($EN=F5S=&5E/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0Q."!V86QI9VX],T1T;W`@6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/E1O=&%L(#PO<#X@/"]T9#X@/"]T M6QE/3-$ M)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF M;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V86QI9VX],T1B;W1T M;VT@6]U M="UG6QE/3-$ M)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W M.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ'0@,2XP<'0[('!A9&1I;F6]U="UG6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D M97(Z(&YO;F4[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U M="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y!;B!A9F9I;&EA=&4@;V8@=&AE($=E M;F5R86P@4&%R=&YE3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C M-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF M;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG2`S,"P@,C`P-BP@=&AE M(%!A6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3Y4:&4@6UE;G1S(&9R;VT@-3`E(&]F('-U2!O9B!T:&4@6UE;G1S M(&UA9&4@;VX@=&AE(&QO86XN(%1H92!087)T;F5RF5D M(&%P<')O>&EM871E;'D@)#`@86YD("0U-2PP,#`@:6X@97%U:71Y(&EN(&QO M6EN9R!V86QU92!O9B!T:&4@;6]R=&=A9V4@ M;F]T92!R96-E:79A8FQE+B!7:71H(')E2!A8V-R=65D(&EN=&5R97-T+CPO<#X@ M/'`@6QE/3-$)W=I9'1H.B`U,#DN-'!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z,BXY M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.VQI;F4M:&5I9VAT.FYO2!O9B!T:&4@;6]R=&=A9V4@;F]T M92!R96-E:79A8FQE(&%C=&EV:71Y(&9O65A6]U="UG6QE/3-$)W=I9'1H.B`X-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`S,C,N.'!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y-;W)T9V%G92!N;W1E(')E8V5I=F%B M;&4@8F%L86YC92P@8F5G:6YN:6YG(&]F('EE87(\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#$Q,R!V86QI9VX],T1B;W1T;VT@6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z,BXY<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6]U="UG6]U="UG'0@,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H M.B`S,C,N.'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y-;W)T9V%G M92!N;W1E(')E8V5I=F%B;&4@8F%L86YC92P@96YD(&]F('EE87(\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#$Q,R!V86QI9VX],T1B;W1T;VT@'0@,2XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q,RXS-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE/B8C,38P.SQB/DYO=&4@-"`F(S$U,#L@ M5')A;G-A8W1I;VYS('=I=&@@069F:6QI871E9"!087)T:65S/"]B/CPO<#X@ M/'`@6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.VUA6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.VUA'0M:6YD96YT.BTN-6EN/BAB*28C,38P.R8C,38P.R8C,38P.R8C M,38P.R8C,38P.R8C,38P.R8C,38P.R8C,38P.R8C,38P.R8C,38P.R!!('!R M;W!E2!D:7-P;W-I=&EO;B!F964@86YD(&%L;"!A;6]U M;G1S('!A>6%B;&4@=&\@=6YA9F9I;&EA=&5D(')E86P@97-T871E(&)R;VME M2!S=6-H('-A;&4@97AC965D(&EN M('1H92!A9V=R96=A=&4L('1H92!L97-S97(@;V8@=&AE(&-O;7!E=&ET:79E M(')A=&4@*&%S(&1E3MT97AT M+6EN9&5N=#HM+C5I;CXF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.VUA'0M:6YD M96YT.BTN-6EN/BAC*28C,38P.R8C,38P.R8C,38P.R8C,38P.R8C,38P.R8C M,38P.R8C,38P.R8C,38P.R8C,38P.R8C,38P.R!4:&4@4&%R=&YE2`D,CDL M,#`P(&9O65A6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.VUA M'0M:6YD96YT M.BTN-6EN/B9N8G-P.SPO<#X@/'`@7!I8V%L;'D@96ET:&5R(&$@2!V;VQU;G1A2!D;R!S;R!F2!T:&4@ M4&%R=&YE2!R96-E:79E M(&9U='5R92!A9'9A;F-E6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG2!D=71I97,@ M=&\@=&AE(&QI;6ET960@<&%R=&YE3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B M9E\R.3'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6]U="UG6QE M/3-$;&5T=&5R+7-P86-I;F&5D M(&EN('1H96ER(&EN9&EV:61U86P@8V%P86-I=&EE&%B;&4@:6YC;VUE(&9R;VT@;W1H97(@&%B;&4@:6YC;VUE(&]R M(&QO6]U="UG6QE/3-$8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT9"!W:61T M:#TS1#8U,R!C;VQS<&%N/3-$-2!V86QI9VX],T1T;W`@"!R971U&-E<'0@<&5R(&QI;6ET960@<&%R=&YE6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,30X(&-O;'-P86X],T0S('9A M;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,3$P+CAP=#L@<&%D9&EN9SH@ M,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E6]U="UG M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#(R-B!C;VQS<&%N M/3-$-"!V86QI9VX],T1T;W`@6]U="UG6QE M/3-$)W=I9'1H.B`X,2XP<'0[(&)O6]U="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ8V5N=&5R/CQF;VYT('-T>6QE/3-$;&5T=&5R+7-P M86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL M93TS1&QE='1E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL93TS1&QE M='1E6QE/3-$)W=I9'1H.B`Q M,2XX<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$ M;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,2XX<'0[('!A9&1I M;F6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P M."!C;VQS<&%N/3-$,B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF M>3X\9F]N="!S='EL93TS1&QE='1E6QE/3-$)W=I9'1H.B`Q,2XX<'0[('!A M9&1I;F6QE/3-$8F]R9&5R.FYO;F4^/"]T9#X@/'1D('=I9'1H/3-$ M,S`@6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/'1A8FQE(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z,BXY<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.B`S,34N,'!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#$P."!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N M=&5R/CQF;VYT('-T>6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3`T(&-O;'-P86X],T0R('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T M:#H@-S@N,G!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`S,34N,'!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL93TS1&QE M='1E6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W-BXU<'0[('!A9&1I M;F6]U="UG6QE/3-$)W=I9'1H.B`S,34N,'!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL93TS1&QE='1E M6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`W-BXU<'0[('!A9&1I;F6]U="UG M6QE/3-$ M;&5T=&5R+7-P86-I;F6QE/3-$)W=I9'1H.B`S,34N,'!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL93TS1&QE='1E6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H M.B`S,34N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S M='EL93TS1&QE='1E6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$)W=I9'1H.B`X,2XP M<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M8F]R9&5R.FYO;F4^/"]T9#X@/'1D('=I9'1H/3-$,3`X('-T>6QE/3-$8F]R M9&5R.FYO;F4^/"]T9#X@/'1D('=I9'1H/3-$,38@6QE/3-$8F]R9&5R.FYO;F4^ M/"]T9#X@/'1D('=I9'1H/3-$,3`R('-T>6QE/3-$8F]R9&5R.FYO;F4^/"]T M9#X@/"]T6]U="UG2!T M87@@8F%S960@=7!O;B!T:&4@;G5M8F5R(&]F(')E65A&5S+"!W:&EC:"!W87,@8F%S960@;VX@:&%L9B!O9B!T:&4@<')E M=FEO=7,@>65A&EM871E;'D@)#4T+#`P M,"!I7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0M86QI9VXZ:G5S=&EF>3ML87EO=70M9W)I M9"UM;V1E.FQI;F4[9F]N="UW96EG:'0Z8F]L9#Y.;W1E(#8@+2!#;VYT:6YG M96YC:65S/"]P/B`\<"!S='EL93TS1&UA6]U="UG'0M86QI9VXZ:G5S=&EF>3ML87EO=70M9W)I M9"UM;V1E.FQI;F4^/&9O;G0@;&%N9STS1%@M3D].13Y4:&4@1V5N97)A;"!0 M87)T;F5R(&ES(&EN=F]L=F5D(&EN('9A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G M>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y.VQA>6]U="UG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN-35I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U M;G1I;F<@4&]L:6-I97,Z($]R9V%N:7IA=&EO;B`H4&]L:6-I97,I/&)R/CPO M'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M:G5S=&EF>3X\=3Y/6]U="UG'0M86QI M9VXZ:G5S=&EF>3ML87EO=70M9W)I9"UM;V1E.FQI;F4^/&9O;G0@;&%N9STS M1%@M3D].13Y.871I;VYA;"!487@@0W)E9&ET($EN=F5S=&]R2`Q,BP@,3DY,"X@5&AE(%!A2!I;B!O=&AE2!T2!B>2!.05!)0T\N(%1H92!087)T;F5R6]U="UG6]U="UG2!I=&5M(&5Q=6%L('1O('1H96ER(&EN=F5S M=&5D(&-A<&ET86P@<&QU2!D:7-P;W-I=&EO;B!F964@;6%Y(&%C8W)U92!B=70@6]U="UG2X\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R2!O9B!3:6=N:69I M8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S.B!"87-I'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6]U M="UG2!A8V-E<'1E9"!I;B!T:&4@56YI M=&5D(%-T871E3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!O9B!3:6=N:69I8V%N="!! M8V-O=6YT:6YG(%!O;&EC:65S.B!#87-H(&%N9"!#87-H($5Q=6EV86QE;G1S M("A0;VQI8VEE'0^/"$M+65G>"TM/CQP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN-35I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.VQA>6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3Y#87-H(&%N9"!C87-H(&5Q=6EV86QE;G1S(&EN8VQU M9&4@8V%S:"!O;B!H86YD(&%N9"!I;B!B86YK3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B M-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S M.B!-971H;V0@;V8@06-C;W5N=&EN9R!&;W(@26YV97-T;65N="!I;B!,;V-A M;"!087)T;F5R'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM;&5F=#HN-35I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y.VQA>6]U="UGF5D(&)Y('1H92!S=')A:6=H M="!L:6YE(&UE=&AO9"!O=F5R('1H92!E65A M7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0M:6YD96YT.C!I;CX\=3Y5'1087)T7V,W,C-E,&(T7V-A,S%?-&4U,E\X8F)F7S(Y-S1D-C=E,F4Q M,@T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]C-S(S93!B-%]C83,Q M7S1E-3)?.&)B9E\R.3'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C M8V]U;G1I;F<@4&]L:6-I97,Z($YE="!);F-O;64@*&QO'0^/"$M+65G>"TM/CQP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\=3Y.970@26YC;VUE("AL M;W-S*2!A;F0@9&ES=')I8G5T:6]N(%!E'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3 M=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I97,Z($%B M86YD;VYE9"!);G1E'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3ML87EO=70M9W)I M9"UM;V1E.FQI;F4^)FYB'0M86QI9VXZ:G5S=&EF>3ML87EO M=70M9W)I9"UM;V1E.FQI;F4^/&9O;G0@;&%N9STS1%@M3D].13Y$=7)I;F<@ M,C`Q-"!A;F0@,C`Q,RP@=&AE(&YU;6)E7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y4:&4@4&%R=&YE M7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A6]U="UGF5S(&%N(&EM<&%IF5D(&1U65A7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R9VEN+6)O M='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN9&5N=#HM M,S$N-7!T.VQA>6]U="UG'0M:6YD96YT.BTS,2XU<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.VUA6]U="UG&-H86YG960@:6X@82!C=7)R96YT('1R86YS86-T M:6]N(&)E='=E96X@=VEL;&EN9R!P87)T:65S+"!O=&AE7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3X\=3X\9F]N="!S='EL93TS1&QE='1E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y.VQA>6]U="UG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R9VEN+6)O M='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN9&5N=#HM M,S$N-7!T.VQA>6]U="UG6QE/3-$;&5T=&5R+7-P86-I;F3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B M-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S M.B!687)I86)L92!);G1E2!B96YE9FEC:6%R>2X@1V5N97)A;&QY+"!A('9A2P@;W(@5DE%+"!I2!I;G9E2!B92!S:6=N:69I8V%N="!T;R!T:&4@5DE%+CPO<#X@ M/'`@6]U="UG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.BTT+C5P=#MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M;&5F=#HP:6X[;6%R9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S M=&EF>3ML87EO=70M9W)I9"UM;V1E.FQI;F4[;6%R9VEN+7)I9VAT.C!I;CY) M;B!D971E2!W:71H(&%N9"!S:6=N:69I8V%N8V4@=&\@=&AE(&)U M6]U M="UG'0M86QI9VXZ:G5S=&EF>3Y!="!$96-E;6)E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN,C5I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@2!M86YA9V5M96YT(&%G96YT(&9O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN-S5I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:6YD96YT.BTN M,C5I;CX\9F]N=#XF(S$X,SLF;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#LF;F)S M<#LF;F)S<#LF;F)S<#LF;F)S<#L@/"]F;VYT/G1H92!G96YE2!T:&4@3&]C86P@4&%R=&YE2!R96-O=7)S92!O8FQI9V%T:6]N6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HN-S5I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M M:6YD96YT.BTN,C5I;CX\9F]N=#XF(S$X,SLF;F)S<#LF;F)S<#LF;F)S<#LF M;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#LF;F)S<#L@/"]F;VYT/G1H92!087)T M;F5R6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3Y4:&4@='=O(%9)17,@ M870@1&5C96UB97(@,S$L(#(P,30@8V]N&EM=6T@97AP;W-U&EM871E;'D@)#,L-#2!B92!S=6)J96-T('1O(&%D9&ET:6]N86P@;&]S'1E;G0@;V8@86YY(&9I;F%N8VEA;"!S=7!P;W)T('1H870@=&AE M(%!A'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS M<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@=VED=&@],T0V.#<@6QE/3-$)W=I9'1H.B`U,34N-G!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ8V5N=&5R/D-O;F1E;G-E9"!#;VUB:6YE9"!"86QA;F-E M(%-H965T6QE/3-$)W=I9'1H.B`R-3,N-W!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/CQU M/D1E8V5M8F5R(#,Q+"`R,#$T/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H M.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE/D%S6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M8V5N=&5R/E5N875D:71E9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,C`@=F%L M:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I M;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX M<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@3&%N9#PO<#X@/"]T9#X@/'1D('=I M9'1H/3-$,3`P('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S0N M.'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX M<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U="UG6]U="UG6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`R M-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@3W1H M97(@87-S971S/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,#`@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'0@,2XU M<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6]U="UG6QE/3-$)W=I9'1H M.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[('!A9&1I;F6]U="UG M6QE/3-$)W=I M9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP(&%L:6=N/3-$6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3Y,:6%B:6QI=&EE6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXT-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M6]U M="UG6%B;&4@86YD(&EN=&5R97-T/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0Q,#`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`W-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H M.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H M.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ'0@,2XU<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H M.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S M<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C96QL M<&%D9&EN9STS1#`@=VED=&@],T0V.#<@6QE/3-$)W=I9'1H.B`U M,34N-G!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N M=&5R/D-O;F1E;G-E9"!#;VUB:6YE9"!"86QA;F-E(%-H965T6]U="UG6QE/3-$)W=I9'1H.B`R-3,N-W!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/CQU/D1E8V5M8F5R(#,Q+"`R M,#$S/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE/D%S6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/E5N875D:71E M9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,C`@=F%L:6=N/3-$=&]P('-T>6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B M;W)D97(Z(&YO;F4[(&)O'0@ M,2XP<'0[('!A9&1I;F6]U M="UG'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I M9'1H.B`Q-2XR<'0[('!A9&1I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6]U="UG6QE M/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF M>3XF(S$V,#L@3&%N9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`P('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S0N.'!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H M.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`Q-2XR M<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$ M)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I M9'1H.B`Q-2XR<'0[('!A9&1I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O'0@,2XU<'0[ M('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[ M('!A9&1I;F6]U="UG6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H M.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V M86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6]U="UG6QE M/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H M.B`W-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W M,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@36]R=&=A9V4@;F]T97,@<&%Y M86)L92!A;F0@:6YT97)E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I M;F6]U M="UG6]U="UG M6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U M="UG6QE/3-$ M)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$ M)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF M(S$V,#L@4&%R=&YE6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[ M('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O M'0@ M,2XU<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q M-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U M="UG6QE/3-$ M)W=I9'1H.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F'1087)T7V,W,C-E,&(T7V-A,S%?-&4U,E\X M8F)F7S(Y-S1D-C=E,F4Q,@T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]# M.B]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA6]U="UG6QE/3-$=VED=&@Z-3$U+C9P=#MB;W)D97(M8V]L;&%P6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#,S."!C;VQS<&%N/3-$-2!V86QI9VX],T1T;W`@6QE/3-$)W=I M9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`V('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#H@-SDN-#5P=#L@8F]R9&5R.B!N;VYE.R!B;W)D97(M M8F]T=&]M.B!S;VQI9"!W:6YD;W=T97AT(#$N,'!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/DUA=&5R:6%L($EN=F5S=&5E M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q."!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R M/E1O=&%L(#PO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0Q,#`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W-"XX<'0[ M('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF(S$V,#L@17AP96YS97,Z(#PO<#X@/"]T9#X@/'1D('=I M9'1H/3-$,3`P('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S0N M.'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N M/3-$6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6]U="UG6]U="UG M6QE/3-$)W=I M9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$F%T:6]N/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,#`@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I M9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP(&%L:6=N/3-$'0@,2XP<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#LF(S$V,#LF(S$V,#L@ M5&]T86P@97AP96YS97,\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V86QI M9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`R-C$N.7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q,#`@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[('!A9&1I M;F6]U M="UG6QE/3-$ M)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@26YC;VUE("AL;W-S*2!F'0@,2XU<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@ M/'1A8FQE(&)O6QE M/3-$)W=I9'1H.B`U,34N-G!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ8V5N=&5R/D-O;F1E;G-E9"!#;VUB:6YE9"!297-U;'1S(&]F M($]P97)A=&EO;G,@;V8@=&AE($QO8V%L(%!A6QE/3-$)W=I9'1H.B`U,34N-G!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/BAI;B!T:&]U6]U="UG6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ8V5N=&5R/E5N875D:71E9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,C`@ M=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$ M)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A M9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W M,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@4F5N=&%L(&%N9"!O=&AE6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'!E;G-E6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A M9&1I;F6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A9&1I M;F6]U M="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M:G5S=&EF>3XF(S$V,#LF(S$V,#LF(S$V,#L@3W!E6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`Q-2XR<'0[('!A9&1I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6]U="UG6QE M/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I9'1H.B`W M-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX M<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@1&5P6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ'!E;G-E'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q M,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$'0@,2XP<'0[('!A9&1I;F6]U="UG M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O'0@,2XU<'0[ M('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M)W=I9'1H.B`W.2XT-7!T.R!B;W)D97(Z(&YO;F4[(&)O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA&-E<'0@9F]R('1H;W-E(&%M;W5N M=',@6]U="UG6QE/3-$;6%R9VEN+6QE9G0Z-2XT<'0[8F]R9&5R+6-O;&QA<'-E.F-O;&QA M<'-E/B`\='(^(#QT9"!W:61T:#TS1#$Q-"!V86QI9VX],T1B;W1T;VT@6]U="UG6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M,3`R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-S8N-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/D5N8W5M M8G)A;F-E6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6]U="UG6]U="UG6]U="UG M6QE/3-$)W=I9'1H M.B`Q,RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W-BXU<'0[(&)O6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$,3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I M9'1H.B`Q,RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W-BXU M<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H M.B`V,RXP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I M9'1H.B`W-BXU<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`Q,RXU M<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W-BXU<'0[('!A9&1I M;F6]U M="UG6QE M/3-$;&5T=&5R+7-P86-I;F6QE/3-$)W=I9'1H M.B`Q,RXU<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-BXU<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I M;F6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/CQF;VYT M('-T>6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/"]T M9#X@/'1D('=I9'1H/3-$,3`R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#H@-S8N-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F'0@,2XP<'0[('!A M9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6]U="UG6QE/3-$)W=I9'1H.B`V,RXP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$ M)W=I9'1H.B`X-2XU<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`X-2XU M<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I M;F6]U M="UG7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM;&5F=#HS,2XU<'0[;6%R M9VEN+6)O='1O;3HN,#`P,7!T.W1E>'0M86QI9VXZ:G5S=&EF>3MT97AT+6EN M9&5N=#HM,S$N-7!T.VQA>6]U="UG'0M:6YD96YT.C!I;CXH,BD@/'4^ M4F5C;VYC:6QI871I;VX@;V8@'0M:6YD96YT.BTS,2XU<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.VUA6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,S0P(&-O;'-P86X],T0V('9A;&EG M;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,C4T+CAP=#L@<&%D9&EN9SH@,&EN M(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/E5N875D:71E M9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,C`@=F%L:6=N/3-$=&]P('-T>6QE M/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!B M;W)D97(Z(&YO;F4[(&)O'0@ M,2XP<'0[('!A9&1I;F6]U M="UG'0@,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[ M('!A9&1I;F6]U="UG6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3XF(S$V,#M296%L($5S=&%T93H\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D M9&EN9SHP/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\ M+W1R/B`\='(^(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`W M-"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q M-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN9SHP/CQP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R/B`\='(^ M(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T M.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M'0@,2XP<'0[('!A9&1I;F6]U="UG6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3X@0F%L86YC92!A="!E;F0@;V8@>65A'0@,2XU<'0[ M('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$P,"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN M9SHP/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R M/B`\+W1A8FQE/B`\<"!A;&EG;CTS1&QE9G0@'0M:6YD96YT.BTS,2XU<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.VUA6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#,S."!C M;VQS<&%N/3-$-2!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`W-"XX M<'0[(&)O6]U="UG6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T M9#X@/'1D('=I9'1H/3-$,3`V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#H@-SDN-#5P=#L@8F]R9&5R.B!N;VYE.R!B;W)D97(M8F]T=&]M.B!S M;VQI9"!W:6YD;W=T97AT(#$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ8V5N=&5R/DUA=&5R:6%L($EN=F5S=&5E/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q."!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/E1O=&%L(#PO M<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P,"!V M86QI9VX],T1B;W1T;VT@6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$)W=I M9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6]U="UG6QE/3-$)W=I9'1H M.B`W,"XX<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X@0F%L86YC92!A="!B96=I;FYI;F<@ M;V8@>65A6]U="UG6QE/3-$)W=I9'1H.B`Q M,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$6QE/3-$)W=I9'1H M.B`Q-2XR<'0[('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`W-"XX M<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXT-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B M9E\R.3'0O:'1M;#L@8VAA M'0^/"$M+65G>"TM/CQP(&%L:6=N/3-$;&5F="!S='EL93TS1&UA M'0M86QI9VXZ;&5F M=#MT97AT+6EN9&5N=#HP:6X^/&9O;G0@&-E<'0@9F]R('1H;W-E(&%M;W5N=',@'0M86QI9VXZ;&5F=#MT97AT+6EN9&5N=#HP:6X^)FYB6QE/3-$8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(^ M(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H M.B`R-30N.'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M8V5N=&5R/CQU/D1E8V5M8F5R(#,Q+"`R,#$T/"]U/CPO<#X@/"]T9#X@/"]T M6QE M/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,3`P('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#H@-S0N.'!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG6]U="UG6QE/3-$ M)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.38@ M8V]L6QE/3-$)W=I9'1H.B`W M,2XY<'0[(&)O6]U="UG6]U="UG6QE/3-$)W=I M9'1H.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN9SHP/CQP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R/B`\='(^(#QT9"!W:61T M:#TS1#,T.2!V86QI9VX],T1T;W`@6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN9SHP/CQP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R/B`\='(^ M(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`W-"XX<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`Q-2XR<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[('!A M9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X@1&5P6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[ M<&%D9&EN9SHP/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D M/B`\+W1R/B`\='(^(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`W-"XX M<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`Q-2XR<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F6]U="UG6]U="UG6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P M,"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H.B`W,"XX<'0[(&)O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$8F]R9&5R.FYO;F4[<&%D9&EN9SHP M/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO<#X\+W1D/B`\+W1R/B`\ M+W1A8FQE/B`\<"!A;&EG;CTS1&QE9G0@'0M:6YD96YT.BTS,2XU<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.VUA6]U="UG6QE M/3-$)W=I9'1H.B`R-3,N-W!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ8V5N=&5R/CQU/D1E8V5M8F5R(#,Q+"`R,#$S/"]U/CPO<#X@ M/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE/B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`P('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=W:61T:#H@-S0N.'!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6]U="UG6]U M="UG6QE/3-$)W=I9'1H.B`Q,RXT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I M9'1H/3-$.30@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`W,"XX M<'0[(&)O6]U="UG6]U="UG6QE/3-$)W=I9'1H M.B`W-"XX<'0[(&)O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE M.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$)W=I9'1H.B`W.2XT-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I M9'1H.B`W-"XX<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`Q-2XR<'0[('!A9&1I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG M6QE/3-$)W=I M9'1H.B`W,"XX<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-C$N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3X@1&5P6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W,"XX<'0[ M(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-"XX<'0[(&)O'0@,2XU<'0[ M('!A9&1I;F6]U="UG6QE/3-$)W=I9'1H.B`Q-2XR<'0[ M('!A9&1I;F6]U="UG6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG6QE/3-$)W=I9'1H M.B`W,"XX<'0[(&)O'0@,2XU<'0[('!A9&1I;F'1087)T7V,W,C-E,&(T7V-A,S%?-&4U,E\X8F)F7S(Y M-S1D-C=E,F4Q,@T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]C-S(S M93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M2`H5&%B;&5S M*3QB6QE/3-$)W=I M9'1H.B`U,#DN-'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z,BXY<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.VQI;F4M M:&5I9VAT.FYO2!O9B!T M:&4@;6]R=&=A9V4@;F]T92!R96-E:79A8FQE(&%C=&EV:71Y(&9O65A6]U="UG6QE/3-$)W=I9'1H.B`X-RXU<'0[ M('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z,BXY<'0[;&%Y;W5T+6=R:60M M;6]D93IL:6YE.W1E>'0M86QI9VXZ6]U="UG'0@,2XP<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`S,C,N.'!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M:G5S=&EF>3Y-;W)T9V%G92!N;W1E(')E8V5I=F%B;&4@8F%L86YC92P@96YD M(&]F('EE87(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$Q,R!V86QI9VX],T1B M;W1T;VT@'0@,2XU<'0[('!A9&1I M;F6]U M="UG6QE/3-$)W=I9'1H.B`Q,RXS-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL M:6YE.W1E>'0M86QI9VXZ7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA"!R971U6]U="UG6QE/3-$8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT9"!W M:61T:#TS1#8U,R!C;VQS<&%N/3-$-2!V86QI9VX],T1T;W`@"!R971U&-E<'0@<&5R(&QI;6ET960@<&%R=&YE6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,30X(&-O;'-P86X],T0S M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,3$P+CAP=#L@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E6]U M="UG6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#(R-B!C;VQS M<&%N/3-$-"!V86QI9VX],T1T;W`@6]U="UG6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6]U="UG6]U="UG6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ8V5N=&5R/CQF;VYT('-T>6QE/3-$;&5T=&5R M+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S M='EL93TS1&QE='1E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL93TS M1&QE='1E6QE/3-$)W=I9'1H M.B`Q,2XX<'0[('!A9&1I;F6]U="UG'0@,2XP<'0[('!A9&1I M;F6]U M="UG6QE M/3-$;&5T=&5R+7-P86-I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,2XX<'0[('!A M9&1I;F6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$P."!C;VQS<&%N/3-$,B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S M=&EF>3X\9F]N="!S='EL93TS1&QE='1E6QE/3-$)W=I9'1H.B`Q,2XX<'0[ M('!A9&1I;F6]U="UG6QE/3-$8F]R9&5R.FYO;F4^/"]T9#X@/'1D('=I9'1H M/3-$,S`@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C M83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA6]U="UG6]U="UG"!B87-I6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O M6]U="UG6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M M86QI9VXZ8V5N=&5R/CQF;VYT('-T>6QE/3-$;&5T=&5R+7-P86-I;F6]U="UG6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z,BXY<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-BXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`S M,34N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T M+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S='EL M93TS1&QE='1E6QE/3-$)W=I9'1H M.B`X,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$)W=I M9'1H.B`Q,RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F6]U="UG6QE/3-$;&5T=&5R M+7-P86-I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R M:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I M9'1H.B`W-BXU<'0[('!A9&1I;F6QE/3-$;&5T=&5R+7-P86-I;F6]U M="UG6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D M93IL:6YE.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H M.B`S,34N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y M;W5T+6=R:60M;6]D93IL:6YE.W1E>'0M86QI9VXZ:G5S=&EF>3X\9F]N="!S M='EL93TS1&QE='1E6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&%Y;W5T+6=R:60M;6]D93IL:6YE.W1E M>'0M86QI9VXZ6QE/3-$)W=I9'1H.B`W-BXU<'0[(&)O M'0@ M,2XU<'0[('!A9&1I;F6]U="UG6QE/3-$;&5T=&5R+7-P86-I;F6QE/3-$8F]R9&5R.FYO M;F4^/"]T9#X@/'1D('=I9'1H/3-$,B!S='EL93TS1&)O3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!O9B!3:6=N:69I8V%N="!! M8V-O=6YT:6YG(%!O;&EC:65S.B!/'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I M;F<@4&]L:6-I97,Z($YE="!);F-O;64@*&QO3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C M-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O M;&EC:65S.B!);7!A:7)M96YT(&]F($QO;F'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E M-3)?.&)B9E\R.3'0O:'1M M;#L@8VAA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'!E;G-EF%T M:6]N+"!.;VYP'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2!O9B!M;W)T9V%G92!N;W1E(')E8V5I M=F%B;&4@86-T:79I='D@*$1E=&%I;',I("A54T0@)"D\8G(^26X@5&AO=7-A M;F1S+"!U;FQE'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E M-3)?.&)B9E\R.3'0O:'1M M;#L@8VAA"!R971U7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)?.&)B9E\R.3&UL#0I#;VYT96YT+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M M<')I;G1A8FQE#0I#;VYT96YT+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U&UL/@T*+2TM+2TM/5].97AT4&%R=%]C-S(S93!B-%]C83,Q7S1E-3)? 5.&)B9E\R.3 XML 21 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Details) (USD $)
In Thousands, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Details

Net Assets $ 6,716us-gaap_AssetsNet $ 72,587,258us-gaap_AssetsNet

Deferred offering costs and intangibles 12,323fil_DeferredOfferingCosts1 12,500fil_DeferredOfferingCosts1

Investment in Local Partnerships (79,078,000)fil_InvestmentInLocalPartnerships (8,073)fil_InvestmentInLocalPartnerships

Assets Reconciliation, Other 95fil_AssetsReconciliationOther 95fil_AssetsReconciliationOther

Net assets - Federal tax basis $ 11,227fil_NetAssetsFederalTaxBasis $ 11,780fil_NetAssetsFederalTaxBasis

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_AssetsReconciliationOther

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_DeferredOfferingCosts1

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_InvestmentInLocalPartnerships

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_NetAssetsFederalTaxBasis

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Amount of net assets (liabilities).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 225

-Section S99

-Paragraph 3

-Subparagraph (SX 210.6-09.6,7)

-URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606914-122999

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=35686370&loc=SL35686385-199418

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 210

-Section S99

-Paragraph 2

-Subparagraph (SX 210.6-05.4)

-URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e604008-122996

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 05

-Paragraph 4

-Article 6

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 09

-Paragraph 19

-Article 6

+ Details

Name: us-gaap_AssetsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_TextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 22 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schedule of Reconciliation of accumulated depreciation
(3) Reconciliation of accumulated depreciation (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands):

December 31, 2014

Unaudited

Material Investee

Total

Accumulated depreciation:

Balance at beginning of year

$ 2,355

$ 4,393

$ 6,748

Depreciation expense

107

428

535

Balance at end of year

$ 2,462

$ 4,821

$ 7,283

December 31, 2013

Unaudited

Material Investee

Total

Accumulated depreciation:

Balance at beginning of year

$ 2,241

$ 3,967

$ 6,208

Depreciation expense

114

426

540

Balance at end of year

$ 2,355

$ 4,393

$ 6,748

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ScheduleOfReconciliationOfAccumulatedDepreciation

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 23 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schecule of Reconciliation of real estate
(2) Reconciliation of real estate (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands):

December 31, 2014

Unaudited

Material Investee

Total

Real Estate:

Balance at beginning of year

$ 4,221

$ 10,761

$ 14,982

Improvements

0

851

851

Balance at end of year

$ 4,221

$ 11,612

$ 15,833

December 31, 2013

Unaudited

Material Investee

Total

Real Estate:

Balance at beginning of year

$ 4,210

$ 9,065

$ 13,275

Improvements

11

1,696

1,707

Balance at end of year

$ 4,221

$ 10,761

$ 14,982

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ScheculeOfReconciliationOfRealEstate

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 24 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Summary of mortgage note receivable activity

The following is a summary of the mortgage note receivable activity for the years ended December 31, 2014 and 2013 (in thousands):

2014

2013

Mortgage note receivable balance, beginning of year

$ 3,478

$ 3,533

Equity in losses of Local Partnership

0

(55)

Mortgage note receivable balance, end of year

$ 3,478

$ 3,478

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_SummaryOfMortgageNoteReceivableActivity

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 25 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Reconciliation between the Partnership's reported net income and the net income (loss) per tax return

A reconciliation between the Partnership’s reported net income and the net income (loss) per tax return follows (in thousands, except per limited partnership interest):

Years Ended December 31,

2014

2013

Net income (loss) per financial statements

$ (542)

$ (1,633)

Investment in Local Partnerships

1,094

4,903

Net income (loss) per tax return

$ 552

$ 3,270

Net income (loss) per limited partnership interest

$ 7.59

$ 44.95

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ReconciliationBetweenThePartnershipSReportedNetIncomeAndTheNetIncomeLossPerTaxReturn

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 26 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 3 - Mortgage Note Receivable
12 Months Ended

Dec. 31, 2014

Notes

Note 3 - Mortgage Note Receivable
Note 3 – Mortgage Note Receivable

On May 30, 2006, the Partnership purchased the second mortgage for a Local Partnership, Michigan Beach, from the second mortgage holder, PAMI Midatlantic, LLC (“PAMI”) for a purchase price of $ 4,320,000. The second mortgage had a principal balance of approximately $ 3,596,000 and accrued interest outstanding at the time of the purchase. PAMI had filed an action for foreclosure and the appointment of a receiver for the alleged failure to make surplus cash payments and provide required financial reporting. As a result of the purchase, the Partnership was substituted in place of PAMI in the foreclosure action and then the Partnership dismissed the foreclosure action with prejudice on June 9, 2006. The Partnership is the sole limited partner in Michigan Beach.

The second mortgage accrues interest at a fixed rate of 6.11%. Semiannual payments from 50% of surplus cash are required and the note matures in July of 2031. There is an option to the noteholder to accelerate maturity of the second mortgage after October of 2008. There have been no payments made on the loan. The Partnership recognized approximately $0 and $55,000 in equity in loss from Michigan Beach during the years ended December 31, 2014 and 2013, respectively, and reduced the carrying value of the mortgage note receivable. With respect to the second mortgage from Michigan Beach, the Partnership has fully reserved any accrued interest.

The following is a summary of the mortgage note receivable activity for the years ended December 31, 2014 and 2013 (in thousands):

2014

2013

Mortgage note receivable balance, beginning of year

$ 3,478

$ 3,533

Equity in losses of Local Partnership

0

(55)

Mortgage note receivable balance, end of year

$ 3,478

$ 3,478

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-Glossary Debt Security

-URI http://asc.fasb.org/extlink&oid=6509901

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 320

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-Glossary Equity Security

-URI http://asc.fasb.org/extlink&oid=6511694

+ Details

Name: us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets

The following is a reconciliation between the Partnership’s reported amounts and the Federal tax basis of net assets at December 31, 2014 and 2013 (in thousands):

2014

2013

Net assets as reported

$ 6,716

$ 7,2587,258

Add (deduct):

Deferred offering costs and intangibles

12,323

12,500

Investment in Local Partnerships

(7,907)(8,000)

(8,073)

Other

95

95

Net assets – Federal tax basis

$ 11,227

$ 11,780

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ReconciliationBetweenThePartnershipSReportedAmountsAndTheFederalTaxBasisOfNetAssets

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 28 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance $ 6,748 $ 6,208

Depreciation 535us-gaap_Depreciation 540us-gaap_Depreciation

SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance 7,283 6,748

Unaudited

SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance 2,355 2,241

Depreciation 107 114

SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance 2,462 2,355

Material Investee

SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance 4,393 3,967

Depreciation 428 426

SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance $ 4,821 $ 4,393

X

- Definition

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 970

-SubTopic 360

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-28.FN4)

-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section S99

-Paragraph 6

-Subparagraph (SX 210.5-04.(c) Schedule III)

-URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 28

-Article 12

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Subparagraph Schedule III

-Article 5

+ Details

Name: us-gaap_RealEstateAccumulatedDepreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_StatementScenarioAxis=fil_MaterialInvesteeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementScenarioAxis=fil_UnauditedMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9

Balance Sheets (USD $)
In Thousands, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Assets

Cash and cash equivalents $ 3,023us-gaap_CashEquivalentsAtCarryingValue $ 3,577us-gaap_CashEquivalentsAtCarryingValue

Mortgage note receivable 3,478us-gaap_NotesReceivableGross 3,478us-gaap_NotesReceivableGross

Accounts receivable - limited partners 181us-gaap_OtherReceivables 181us-gaap_OtherReceivables

Other assets 54us-gaap_OtherAssets 54us-gaap_OtherAssets

Total assets 6,736us-gaap_Assets 7,290us-gaap_Assets

Liabilities:

Accounts payable and accrued expenses 20 32

Partners' (deficiency) capital:

General partner (561)us-gaap_GeneralPartnersCapitalAccount (556)us-gaap_GeneralPartnersCapitalAccount

Limited partners 7,277us-gaap_LimitedPartnersCapitalAccount 7,814us-gaap_LimitedPartnersCapitalAccount

Total partners' (deficiency) capital 6,716us-gaap_PartnersCapital 7,258us-gaap_PartnersCapital

Total liabilities and partners' (deficiency) capital $ 6,736 $ 7,290

X

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.18)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 12

-Article 7

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 18

-Article 5

+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_AssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.1)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_CashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

The amount of the general partner's ownership interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 5

-Subparagraph (SAB TOPIC 4.F)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section F

+ Details

Name: us-gaap_GeneralPartnersCapitalAccount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_LiabilitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.32)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 25

-Article 7

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 32

-Article 5

+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The amount of the limited partners' ownership interests.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 272

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 5

-Subparagraph (SAB TOPIC 4.F)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section F

+ Details

Name: us-gaap_LimitedPartnersCapitalAccount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. Excludes amounts related to receivables held-for-sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.10(3))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 10

-Subparagraph 3

-Article 9

+ Details

Name: us-gaap_NotesReceivableGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Carrying value as of the balance sheet date of obligations, including trade payables, incurred through that date and due within one year (or in the operating cycle if longer) arising from transactions not otherwise specified in the taxonomy.

+ References

No definition available.

+ Details

Name: us-gaap_OtherAccountsPayableAndAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 17

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 10

-Article 7

+ Details

Name: us-gaap_OtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Carrying amounts due as of the balance sheet date from parties or arising from transactions not otherwise specified in the taxonomy.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.8)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 8

-Article 5

+ Details

Name: us-gaap_OtherReceivables

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

The amount of ownership interest of different classes of partners in limited partnership.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 272

-SubTopic 10

-Section 50

-Paragraph 3

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 272

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055

+ Details

Name: us-gaap_PartnersCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_PartnersCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies
12 Months Ended

Dec. 31, 2014

Notes

Note 1 - Organization and Summary of Significant Accounting Policies
Note 1 - Organization and Summary of Significant Accounting Policies

Organization

National Tax Credit Investors II (“NTCI II” or the “Partnership”) is a limited partnership formed under the California Revised Local Partnership Act as of January 12, 1990. The Partnership was formed to invest primarily in other limited partnerships (“Local Partnerships”) which own and operate multifamily housing complexes that are eligible for low income housing federal income tax credits (the “Housing Tax Credit”). The general partner of the Partnership is National Partnership Investments, LLC (the “General Partner” or “NAPICO”), a California limited liability company. The General Partner is a subsidiary of Bethesda Holdings II, LLC, a privately held real estate asset management company (“Bethesda”). Bethesda acquired the General Partner on December 19, 2012, pursuant to an option agreement with Aimco/Bethesda Holdings, Inc., a subsidiary of Apartment Investment and Management Company (“Aimco”), a publicly traded real estate investment trust. The business of NTCI II is conducted primarily by NAPICO. The Partnership shall continue in full force and effect until December 31, 2030, unless terminated earlier pursuant to the Partnership Agreement or law.

The General Partner has a one percent interest in operating profits and losses of the Partnership. The limited partners will be allocated the remaining 99 percent interest in proportion to their respective investments.

Upon total or partial liquidation of the Partnership or the disposition or partial disposition of a project or project interest and distribution of the proceeds, the General Partner will be entitled to a property disposition fee as mentioned in the partnership agreement. The limited partners will have a priority item equal to their invested capital plus 6 percent priority return as defined in the partnership agreement. This property disposition fee may accrue but shall not be paid until the limited partners have received distributions equal to 100 percent of their capital contributions plus the 6 percent priority return. No disposition fees have been paid or accrued.

At December 31, 2014 and 2013, the Partnership had outstanding 72,007 and 72,017 limited partnership interests, respectively.

Basis of Presentation

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits.

Method of Accounting for Investments in Local Partnerships

The investments in Local Partnerships are accounted for using the equity method. Acquisition fees, selection fees and other costs related to the acquisition of the projects have been capitalized as part of the investment account and are being amortized by the straight line method over the estimated lives of the underlying assets, which is generally 30 years.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Net Income (loss) and distribution Per Limited Partnership Interest

Net income (loss) per limited partnership interest and distribution per limited partnership interest was computed by dividing the limited partners' share of net income (loss) and distributions by the number of limited partnership interests outstanding at the beginning of the year. The number of limited partnership interests used was 72,017 and 72,032 for the years ended December 31, 2014 and 2013, respectively.

Abandoned Interests

During 2014 and 2013, the number of limited partnership interests decreased by 10 and 15 units, respectively, due to limited partners abandoning their interests. In abandoning his or her partnership interests, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

Mortgage Note Receivable

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Partnership has recorded its mortgage note receivable at December 31, 2014 and December 31, 2013 at the amount at which the Partnership ultimately expects to receive. See “Note 3 – Mortgage Note Receivable” for further information.

Impairment of Long-Lived Assets

The Partnership reviews long-lived assets to determine if there has been any impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the sum of the expected future cash flows is less than the carrying amount of the assets, the Partnership recognizes an impairment loss. There were no impairment losses recognized during the years ended December 31, 2014 and 2013.

Fair Value of Financial Instruments

Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. At December 31, 2014, the Partnership believes that the carrying amount of other assets and liabilities reported on the balance sheet that require such disclosure approximated their fair value due to the short-term maturity of these instruments.

Segment Reporting

ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

Variable Interest Entities

The Partnership consolidates any variable interest entities in which the Partnership holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.

In determining whether it is the primary beneficiary of a VIE, the Partnership considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of the Partnership’s investment; the obligation or likelihood for the Partnership or other investors to provide financial support; and the similarity with and significance to the business activities of the Partnership and the other investors. Significant judgments related to these determinations include estimates about the current and future fair values and performance of real estate held by these VIEs and general market conditions.

At December 31, 2014 and 2013, the Partnership held variable interests in two VIEs for which the Partnership was not the primary beneficiary. The Partnership has concluded, based on its qualitative consideration of the partnership agreement, the partnership structure and the role of the general partner in each of the Local Partnerships, that the general partner of each of the Local Partnerships is the primary beneficiary of the respective Local Partnership. In making this determination, the Partnership considered the following factors:

· the general partners conduct and manage the business of the Local Partnerships;

· the general partners have the responsibility for and sole discretion over selecting a property management agent for the Local Partnerships’ underlying real estate properties;

· the general partners are responsible for approving operating and capital budgets for the properties owned by the Local Partnerships;

· the general partners are obligated to fund any recourse obligations of the Local Partnerships;

· the general partners are authorized to borrow funds on behalf of the Local Partnerships; and

· the Partnership, as a limited partner in each of the Local Partnerships, does not have the ability to direct or otherwise significantly influence the activities of the Local Partnerships that most significantly impact such entities’ economic performance.

The two VIEs at December 31, 2014 consisted of Local Partnerships that were directly engaged in the ownership and management of two apartment properties with a total of 355 units. The Partnership is involved with those VIEs as a non-controlling limited partner equity holder. The Partnership’s maximum exposure to loss as a result of its involvement with the unconsolidated VIEs is limited to the Partnership’s recorded investments in and receivables from these VIEs, which was approximately $3,478,000 at December 31, 2014 and 2013. The Partnership may be subject to additional losses to the extent of any financial support that the Partnership voluntarily provides in the future.

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6003-108592

+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 31 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Details) (USD $)
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Details

Impairment Losses $ 0fil_ImpairmentLosses $ 0fil_ImpairmentLosses

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ImpairmentLosses

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_TextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 32 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Fair Value of Financial Instruments
Fair Value of Financial Instruments

Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. At December 31, 2014, the Partnership believes that the carrying amount of other assets and liabilities reported on the balance sheet that require such disclosure approximated their fair value due to the short-term maturity of these instruments.

X

- Definition

Disclosure of accounting policy for determining the fair value of financial instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13279-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 60

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260

+ Details

Name: us-gaap_FairValueOfFinancialInstrumentsPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 33 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Details) (USD $)
In Thousands, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Land $ 1,125us-gaap_Land $ 1,122us-gaap_Land

Buildings and Improvements, Gross 14,708us-gaap_BuildingsAndImprovementsGross 13,860us-gaap_BuildingsAndImprovementsGross

SEC Schedule III, Real Estate Accumulated Depreciation (7,283) (6,748) (6,208)

Other Partnership Assets 632fil_OtherPartnershipAssets 655fil_OtherPartnershipAssets

Partnership Assets 9,182fil_PartnershipAssets 8,889fil_PartnershipAssets

Other Notes Payable 21,832us-gaap_OtherNotesPayable 21,093us-gaap_OtherNotesPayable

Other Liabilities 643us-gaap_OtherLiabilities 706us-gaap_OtherLiabilities

Partnership Equity (Deficit) (13,293)fil_PartnershipEquityDeficit (12,910)fil_PartnershipEquityDeficit

Partnership Liabilities and Equity (Deficit) 9,182 8,889

Unaudited

Land 112 112

Buildings and Improvements, Gross 4,109 4,109

SEC Schedule III, Real Estate Accumulated Depreciation (2,462) (2,355) (2,241)

Other Partnership Assets 37 67

Partnership Assets 1,796 1,933

Other Notes Payable 2,047 2,047

Other Liabilities 277 284

Partnership Equity (Deficit) (528) (398)

Partnership Liabilities and Equity (Deficit) 1,796 1,933

Material Investee

Land 1,013 1,010

Buildings and Improvements, Gross 10,599 9,751

SEC Schedule III, Real Estate Accumulated Depreciation (4,821) (4,393) (3,967)

Other Partnership Assets 595 588

Partnership Assets 7,386 6,956

Other Notes Payable 19,785 19,046

Other Liabilities 366 422

Partnership Equity (Deficit) (12,765) (12,512)

Partnership Liabilities and Equity (Deficit) $ 7,386 $ 6,956

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_OtherPartnershipAssets

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_PartnershipAssets

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_PartnershipEquityDeficit

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_PartnershipLiabilitiesAndEquityDeficit

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 4

-Subparagraph (f)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6812-107765

+ Details

Name: us-gaap_BuildingsAndImprovementsGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 4

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6812-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_Land

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 15

-Article 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

Name: us-gaap_OtherLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Including the current and noncurrent portions, the carrying value of notes payable which were initially due after one year or beyond the normal operating cycle, if longer, and which are not otherwise defined in the taxonomy.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.16)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.16(a))

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20, 22

-Article 5

+ Details

Name: us-gaap_OtherNotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 970

-SubTopic 360

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-28.FN4)

-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section S99

-Paragraph 6

-Subparagraph (SX 210.5-04.(c) Schedule III)

-URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 28

-Article 12

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Subparagraph Schedule III

-Article 5

+ Details

Name: us-gaap_RealEstateAccumulatedDepreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_StatementScenarioAxis=fil_MaterialInvesteeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementScenarioAxis=fil_UnauditedMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 34 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Variable Interest Entities (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Variable Interest Entities
Variable Interest Entities

The Partnership consolidates any variable interest entities in which the Partnership holds a variable interest and is the primary beneficiary. Generally, a variable interest entity, or VIE, is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support; (b) as a group the holders of the equity investment at risk lack (i) the ability to make decisions about an entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; or (c) the equity investors have voting rights that are not proportional to their economic interests and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. The primary beneficiary of a VIE is generally the entity that has (a) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.

In determining whether it is the primary beneficiary of a VIE, the Partnership considers qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of the Partnership’s investment; the obligation or likelihood for the Partnership or other investors to provide financial support; and the similarity with and significance to the business activities of the Partnership and the other investors. Significant judgments related to these determinations include estimates about the current and future fair values and performance of real estate held by these VIEs and general market conditions.

At December 31, 2014 and 2013, the Partnership held variable interests in two VIEs for which the Partnership was not the primary beneficiary. The Partnership has concluded, based on its qualitative consideration of the partnership agreement, the partnership structure and the role of the general partner in each of the Local Partnerships, that the general partner of each of the Local Partnerships is the primary beneficiary of the respective Local Partnership. In making this determination, the Partnership considered the following factors:

· the general partners conduct and manage the business of the Local Partnerships;

· the general partners have the responsibility for and sole discretion over selecting a property management agent for the Local Partnerships’ underlying real estate properties;

· the general partners are responsible for approving operating and capital budgets for the properties owned by the Local Partnerships;

· the general partners are obligated to fund any recourse obligations of the Local Partnerships;

· the general partners are authorized to borrow funds on behalf of the Local Partnerships; and

· the Partnership, as a limited partner in each of the Local Partnerships, does not have the ability to direct or otherwise significantly influence the activities of the Local Partnerships that most significantly impact such entities’ economic performance.

The two VIEs at December 31, 2014 consisted of Local Partnerships that were directly engaged in the ownership and management of two apartment properties with a total of 355 units. The Partnership is involved with those VIEs as a non-controlling limited partner equity holder. The Partnership’s maximum exposure to loss as a result of its involvement with the unconsolidated VIEs is limited to the Partnership’s recorded investments in and receivables from these VIEs, which was approximately $3,478,000 at December 31, 2014 and 2013. The Partnership may be subject to additional losses to the extent of any financial support that the Partnership voluntarily provides in the future.

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_Variableinterestentitiespolicy

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 35 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 36 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships
12 Months Ended

Dec. 31, 2014

Notes

Note 2 - Investments in and Advances To Local Partnerships
Note 2 - Investments In and Advances to Local Partnerships

As of December 31, 2014 and 2013, the Partnership holds limited partnership interests in two Local Partnerships, located in two states. As a limited partner of the Local Partnerships, the Partnership does not have authority over day-to-day management of the Local Partnerships or their properties (the "Apartment Complexes"). The general partners responsible for management of the Local Partnerships (the "Local Operating General Partners") are not affiliated with the General Partner of the Partnership, except as discussed below.

At December 31, 2014 and 2013, the Local Partnerships own residential projects consisting of 355 apartment units. During the year ended December 31, 2013, the Partnership sold its limited partnership interest in two of the Local Partnerships owning residential projects consisting of 139 apartment units.

The projects owned by the Local Partnerships in which the Partnership has invested were developed by the Local Operating General Partners who acquired the sites and applied for applicable mortgages and subsidies, if any. The Partnership became the principal limited partner in these Local Partnerships pursuant to arm's-length negotiations with the Local Operating General Partners. As a limited partner, the Partnership’s liability for obligations of the Local Partnerships is limited to its investment. The Local Operating General Partner of the Local Partnerships retains responsibility for developing, constructing, maintaining, operating and managing the Projects. Under certain circumstances, an affiliate of NAPICO or the Partnership may act as the Local

Operating General Partner. An affiliate of NAPICO, National Tax Credit Inc. II ("NTC-II") is acting either as a special limited partner or non-managing administrative general partner (the “Administrative General Partner”) of each Local Partnership in which the Partnership had an investment.

The Partnership, as a limited partner, does not have a contractual relationship with the Local Partnerships or exercise control over the activities and operations, including refinancing or selling decisions, of the Local Partnerships that would require or allow for consolidation. Accordingly, the Partnership accounts for its investments in the Local Partnerships using the equity method. The Partnership is allocated profits and losses of the Local Partnerships based upon its respective ownership percentage (between 98.90% and 99%). The Partnership is allocated profits and losses and receives distributions from refinancings and sales in accordance with the Local Partnerships’ partnership agreements. These agreements usually limit the Partnership’s distributions to an amount substantially less than its ownership percentage in the Local Partnership.

The individual investments are carried at cost plus the Partnership’s share of the Local Partnership’s profits less the Partnership’s share of the Local Partnership’s losses, distributions and impairment charges. See “Note 1 – Organization and Summary of Significant Accounting Policies” for a description of the impairment policy. The Partnership is not legally liable for the obligations of the Local Partnerships and is not otherwise committed to provide additional support to them. Therefore, the Partnership does not recognize losses once the Partnership’s investment in each of the Local Partnerships reaches zero. Distributions from the Local Partnerships are accounted for as a reduction of the investment balance until the investment balance is reduced to zero. When the investment balance has been reduced to zero, subsequent distributions received are recognized as income in the accompanying statements of operations. During the year ended December 31, 2014 and 2013, there were no such distributions received.

For those investments where the Partnership has determined that the carrying value of the Partnership’s investments approximates the estimated fair value of those investments, the Partnership’s policy is to recognize equity in income of the Local Partnerships only to the extent of distributions received and amortization of acquisition costs from those Local Partnerships. Therefore, the Partnership limits its recognition of equity earnings to the amount it expects to ultimately realize.

In October 2013, the Partnership assigned its limited partnership interest in Jamestown Terrace to an affiliate of the Local Operating General Partner for a total of $10,000. This amount was recognized as a gain on sales of limited partnership interest in Local Partnerships during the year ended December 31, 2013 as the Partnership had no investment balance remaining at the date of the assignment.

In November 2013, the Partnership assigned its limited partnership interest in Virginia Park Meadows to an affiliate of the Local Operating General Partner for no consideration. This agreement was subject to the Partnership paying a $3,000 transfer fee to the state of Michigan. The Partnership had no investment balance remaining as of the date of the agreement.

During September 2013, the Partnership entered into an Assignment and Assumption Agreement to assign its limited partnership interest in Michigan Beach to a third party for a total amount of $10.00. Additionally, during September 2013, the Partnership entered into a Loan Purchase Agreement with the same third party, to sell the second mortgage held by the Partnership for an amount equal to the outstanding principal on the Loan. In April 2014 and December 2014, the Partnership entered into an amendment and a second amendment to each of the Assignment and Assumption Agreement and the Loan Purchase Agreement to, among other things, extend the closing date for the transaction to December 31, 2014 and March 31, 2015, respectively. As of December 31, 2014, the outstanding principal balance on the Loan was $3,596,000. The Registrant’s investment balance in Michigan Beach was reduced to zero. The assignment and the Loan purchase are expected to close during 2015 and are subject to i) the consent of the United States Department of Housing and Urban Development and ii) the consent of Midland Loan Services, Inc. If either condition is not met prior to March 31, 2015, then the Assignment Agreement and the Loan Agreement would terminate. In the event that the closing does not timely occur due to the default by Assignee of its obligations under the Assignment Agreement or the Loan Agreement, then the Registrant will be entitled to keep the $1,000 escrow deposit made by Assignee in connection with the Loan Agreement. In the event that the closing does not timely occur due to the default by the Partnership, then the rights and obligations of both parties under both agreements terminate, except for certain indemnification rights.

As of December 31, 2014 and 2013, the investment balance in one of the two Local Partnerships had been reduced to zero. The Partnership’s remaining investment balance relates to the mortgage note receivable, which is discussed in “Note 3 – Mortgage Note Receivable”.

At times, advances are made to Local Partnerships. Advances made by the Partnership to the individual Local Partnerships are considered part of the Partnership’s investment in limited partnerships. Advances made to Local Partnerships in which the investment balance has been reduced to zero are charged to expense. The Partnership made advances of approximately $306,000 and $1,344,000 to Michigan Beach during the years ended December 31, 2014 and 2013, respectively, for deferred capital needs. While not obligated to make advances to any of the Local Partnerships, the Partnership may make future advances in order to protect its economic investment in the Local Partnerships.

The difference between the investment per the accompanying balance sheets at December 31, 2014 and 2013 and the equity per the Local Partnerships' condensed combined financial statements is due primarily to cumulative unrecognized equity in losses of certain Local Partnerships, costs capitalized to the investment account, and cumulative distributions recognized as income.

The Partnership’s value of its investments and its equity in the income/loss and/or distributions from the Local Partnerships are, for certain Local Partnerships, individually, not material to the overall financial position of the Partnership. The financial information from the unaudited condensed combined financial statements of such Local Partnerships at December 31, 2014 and 2013 and for each of the two years in the period then ended is presented below. The Partnership’s value of its investment in Michigan Beach Limited Partnership, (the “Material Investee”) is considered material to the Partnership’s financial position and amounts included below for the Material Investee are included on an audited basis.

The following are estimated unaudited condensed combined statements of operations for the years ended December 31, 2014 and 2013 for the Local Partnerships in which the Partnership has investments. The 2013 amounts exclude Jamestown and Virginia Park, for which the Partnership assigned its limited partnership interest in October 2013.

Condensed Combined Balance Sheets of the Local Partnerships

(in thousands)

December 31, 2014

Assets:

Unaudited

Material Investee

Total

Land

$ 112

$ 1,013

$ 1,125

Building and improvements

4,109

10,599

14,708

Accumulated depreciation

(2,462)

(4,821)

(7,283)

Other assets

37

595

632

Total assets

$ 1,796

$ 7,386

$ 9,182

Liabilities and Partners Deficit:

Liabilities:

Mortgage notes payable and interest

$ 2,047

$ 19,785

$ 21,832

Other liabilities

277

366

643

Partners’ deficit

(528)

(12,765)

(13,293)

Total liabilities and partners' deficit

$ 1,796

$ 7,386

$ 9,182

Condensed Combined Balance Sheets of the Local Partnerships

(in thousands)

December 31, 2013

Assets:

Unaudited

Material Investee

Total

Land

$ 112

$ 1,010

$ 1,122

Building and improvements

4,109

9,751

13,860

Accumulated depreciation

(2,355)

(4,393)

(6,748)

Other assets

67

588

655

Total assets

$ 1,933

$ 6,956

$ 8,889

Liabilities and Partners Deficit:

Liabilities:

Mortgage notes payable and interest

$ 2,047

$ 19,046

$ 21,093

Other liabilities

284

422

706

Partners’ deficit

(398)

(12,512)

(12,910)

Total liabilities and partners' deficit

$ 1,933

$ 6,956

$ 8,889

Condensed Combined Results of Operations of the Local Partnerships

(in thousands)

December 31, 2014

Unaudited

Material Investee

Total

Rental and other

$ 412

$ 2,708

$ 3,120

Expenses:

 Operating expenses

413

1,882

2,295

 Interest and entity expenses

24

645

669

Depreciation and amortization

107

434

541

 Total expenses

544

2,961

3,505

Income (loss) from continuing operations

$ (132)

$ (253)

$ (385)

Condensed Combined Results of Operations of the Local Partnerships

(in thousands)

December 31, 2013

Unaudited

Material Investee

Total

Rental and other

$ 430

$ 2,433

$ 2,863

Expenses:

 Operating expenses

384

1,648

2,032

 Interest and entity expenses

24

599

623

Depreciation and amortization

114

430

544

 Total expenses

522

2,677

3,199

Income (loss) from continuing operations

$ (92)

$ (244)

$ (336)

Real Estate and Accumulated Depreciation of Local Partnerships

The following tables exclude the Local Partnerships sold in 2014 and 2013 as described above.

(1) Schedule of Encumbrances and Investment Properties (all amounts unaudited except for those amounts relative to the Material Investee and are the gross amounts at which carried at December 31, 2014) (in thousands):

Description

Encumbrances

Land

Buildings And Related Personal Property

Total

Accumulated Depreciation

Lincoln Grove

$ 2,047

$ 112

$ 4,109

$ 4,221

$ 2,462

Michigan Beach

19,785

1,013

10,599

11,612

4,821

Total

$ 21,832

$ 1,125

$ 14,708

$ 15,833

$ 7,283

(2) Reconciliation of real estate (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands):

December 31, 2014

Unaudited

Material Investee

Total

Real Estate:

Balance at beginning of year

$ 4,221

$ 10,761

$ 14,982

Improvements

0

851

851

Balance at end of year

$ 4,221

$ 11,612

$ 15,833

December 31, 2013

Unaudited

Material Investee

Total

Real Estate:

Balance at beginning of year

$ 4,210

$ 9,065

$ 13,275

Improvements

11

1,696

1,707

Balance at end of year

$ 4,221

$ 10,761

$ 14,982

(3) Reconciliation of accumulated depreciation (all amounts unaudited except for those amounts relative to the Material Investee) (in thousands):

December 31, 2014

Unaudited

Material Investee

Total

Accumulated depreciation:

Balance at beginning of year

$ 2,355

$ 4,393

$ 6,748

Depreciation expense

107

428

535

Balance at end of year

$ 2,462

$ 4,821

$ 7,283

December 31, 2013

Unaudited

Material Investee

Total

Accumulated depreciation:

Balance at beginning of year

$ 2,241

$ 3,967

$ 6,208

Depreciation expense

114

426

540

Balance at end of year

$ 2,355

$ 4,393

$ 6,748

An affiliate of the General Partner is currently the Local Operating General Partner in one of the Partnership’s two Local Partnerships included above.

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for investments and other noncurrent assets.

+ References

No definition available.

+ Details

Name: us-gaap_InvestmentsAndOtherNoncurrentAssetsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 37 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9

Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Operating Expenses:

Management fees - general partner $ 64fil_ManagementFeesGeneralPartner $ 107fil_ManagementFeesGeneralPartner

General and administrative 93us-gaap_GeneralAndAdministrativeExpense 54us-gaap_GeneralAndAdministrativeExpense

Legal and accounting 79us-gaap_ProfessionalFees 83us-gaap_ProfessionalFees

Total operating expenses 236us-gaap_OperatingExpenses 244us-gaap_OperatingExpenses

Loss from partnership operations (236)us-gaap_OperatingIncomeLoss (244)us-gaap_OperatingIncomeLoss

Gain from sales of limited partnership interests in Local Partnerships (10)us-gaap_OtherNonoperatingIncome

Advance recognized as expense as income (loss) (306) (1,344)

Equity in income (loss) of Local Partnerships and amortization of acquisition costs (55)

Net Income (Loss) (542)us-gaap_NetIncomeLoss (1,633)us-gaap_NetIncomeLoss

Net Income (Loss) allocated to general partner (1%) (5) (16)

Net Income (Loss) allocated to limited partners (99%) $ (537) $ (1,617)

Net Income (Loss) per limited partnership interest $ (7.46) $ (22.45)

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_AdvancesMadeToLocalPartnershipRecognizedAsExpense

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ManagementFeesGeneralPartner

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.4)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 9

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 323

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=35755396&loc=d3e33749-111570

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.12)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 11

-Article 7

+ Details

Name: us-gaap_IncomeLossFromEquityMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Aggregate amount of net income allocated to general partners.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section F

+ Details

Name: us-gaap_NetIncomeLossAllocatedToGeneralPartners

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Aggregate amount of net income allocated to limited partners.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770

+ Details

Name: us-gaap_NetIncomeLossAllocatedToLimitedPartners

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Net income (loss) allocated to each outstanding limited partnership unit.

+ References

No definition available.

+ Details

Name: us-gaap_NetIncomeLossPerOutstandingLimitedPartnershipUnit

Namespace Prefix: us-gaap_

Data Type: us-types:perUnitItemType

Balance Type: na

Period Type: duration

X

- Definition

Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

+ References

No definition available.

+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The net result for the period of deducting operating expenses from operating revenues.

+ References

No definition available.

+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.7)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 7

-Article 5

+ Details

Name: us-gaap_OtherNonoperatingIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.6-07.2(a),(b),(c),(d))

-URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606610-122999

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 225

-Section 45

-Paragraph 3

-Subparagraph (k)

-URI http://asc.fasb.org/extlink&oid=6488370&loc=d3e13550-115849

+ Details

Name: us-gaap_ProfessionalFees

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 38 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Use of Estimates
Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6143-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6132-108592

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6061-108592

+ Details

Name: us-gaap_UseOfEstimates

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 39 R1.htm IDEA: XBRL DOCUMENT v2.4.1.9

Document and Entity Information (USD $)
12 Months Ended

Dec. 31, 2014

Jun. 30, 2014

Document and Entity Information:

Entity Registrant Name NATIONAL TAX CREDIT INVESTORS II

Document Type 10-K

Document Period End Date Dec. 31, 2014

Amendment Flag false

Entity Central Index Key 0000859921

Current Fiscal Year End Date --12-31

Entity Common Stock, Shares Outstanding 72,007dei_EntityCommonStockSharesOutstanding

Entity Public Float $ 0dei_EntityPublicFloat

Entity Filer Category Smaller Reporting Company

Entity Current Reporting Status Yes

Entity Voluntary Filers No

Entity Well-known Seasoned Issuer No

Document Fiscal Year Focus 2014

Document Fiscal Period Focus FY

X

- Definition

If the value is true, then the document is an amendment to previously-filed/accepted document.

+ References

No definition available.

+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition

End date of current fiscal year in the format --MM-DD.

+ References

No definition available.

+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition

This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.

+ References

No definition available.

+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition

This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.

+ References

No definition available.

+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition

The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.

+ References

No definition available.

+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".

+ References

No definition available.

+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.

+ References

No definition available.

+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.

+ References

No definition available.

+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.

+ References

No definition available.

+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition

State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.

+ References

No definition available.

+ Details

Name: dei_EntityPublicFloat

Namespace Prefix: dei_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

+ References

No definition available.

+ Details

Name: dei_EntityVoluntaryFilers

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.

+ References

No definition available.

+ Details

Name: dei_EntityWellKnownSeasonedIssuer

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Details

Name: fil_DocumentAndEntityInformationAbstract

Namespace Prefix: fil_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 40 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Net Income (loss)and distribution Per Limited Partnership Interest
Net Income (loss) and distribution Per Limited Partnership Interest

Net income (loss) per limited partnership interest and distribution per limited partnership interest was computed by dividing the limited partners' share of net income (loss) and distributions by the number of limited partnership interests outstanding at the beginning of the year. The number of limited partnership interests used was 72,017 and 72,032 for the years ended December 31, 2014 and 2013, respectively.

X

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9

Statement of Changes in Partners' (Deficiency) Capital (USD $)
In Thousands

General Partner

Limited Partners

Total

Partners' (deficiency) capital, beginning balance at Dec. 31, 2012 $ (540) $ 9,431 $ 8,891fil_PartnersDeficiencyCapital

Net Income (Loss) (16) (1,617) (1,633)us-gaap_ProfitLoss

Partners' (deficiency) capital, ending balance at Dec. 31, 2013 (556) 7,814 7,258fil_PartnersDeficiencyCapital

Net Income (Loss) (5) (537) (542)us-gaap_ProfitLoss

Partners' (deficiency) capital, ending balance at Dec. 31, 2014 $ (561) $ 7,277 $ 6,716fil_PartnersDeficiencyCapital

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_PartnersDeficiencyCapital

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591552-111686

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (a),(c)

-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591551-111686

+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 42 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 7 - Subsequent Events
12 Months Ended

Dec. 31, 2014

Notes

Note 7 - Subsequent Events
Note 7 - Subsequent Events

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

No definition available.

+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 43 R11.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 6 - Contingencies
12 Months Ended

Dec. 31, 2014

Notes

Note 6 - Contingencies
Note 6 - Contingencies

The General Partner is involved in various lawsuits arising from transactions in the ordinary course of business. In the opinion of management and the General Partner, the claims will not result in any material liability to the Partnership.

X

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 44 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Segment Reporting (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Segment Reporting
Segment Reporting

ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Disclosure of accounting policy for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

+ Details

Name: us-gaap_SegmentReportingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 45 R19.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Abandoned Interests (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Abandoned Interests
Abandoned Interests

During 2014 and 2013, the number of limited partnership interests decreased by 10 and 15 units, respectively, due to limited partners abandoning their interests. In abandoning his or her partnership interests, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_Abandonedinterestspolicy

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 46 R15.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Cash and Cash Equivalents
Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits.

X

- Definition

Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4273-108586

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 305

-SubTopic 10

-Section 05

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6375392&loc=d3e26790-107797

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Financial Reporting Release (FRR)

-Number 203

-Paragraph 02-03

+ Details

Name: us-gaap_CashAndCashEquivalentsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 47 R13.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Organization
Organization

National Tax Credit Investors II (“NTCI II” or the “Partnership”) is a limited partnership formed under the California Revised Local Partnership Act as of January 12, 1990. The Partnership was formed to invest primarily in other limited partnerships (“Local Partnerships”) which own and operate multifamily housing complexes that are eligible for low income housing federal income tax credits (the “Housing Tax Credit”). The general partner of the Partnership is National Partnership Investments, LLC (the “General Partner” or “NAPICO”), a California limited liability company. The General Partner is a subsidiary of Bethesda Holdings II, LLC, a privately held real estate asset management company (“Bethesda”). Bethesda acquired the General Partner on December 19, 2012, pursuant to an option agreement with Aimco/Bethesda Holdings, Inc., a subsidiary of Apartment Investment and Management Company (“Aimco”), a publicly traded real estate investment trust. The business of NTCI II is conducted primarily by NAPICO. The Partnership shall continue in full force and effect until December 31, 2030, unless terminated earlier pursuant to the Partnership Agreement or law.

The General Partner has a one percent interest in operating profits and losses of the Partnership. The limited partners will be allocated the remaining 99 percent interest in proportion to their respective investments.

Upon total or partial liquidation of the Partnership or the disposition or partial disposition of a project or project interest and distribution of the proceeds, the General Partner will be entitled to a property disposition fee as mentioned in the partnership agreement. The limited partners will have a priority item equal to their invested capital plus 6 percent priority return as defined in the partnership agreement. This property disposition fee may accrue but shall not be paid until the limited partners have received distributions equal to 100 percent of their capital contributions plus the 6 percent priority return. No disposition fees have been paid or accrued.

At December 31, 2014 and 2013, the Partnership had outstanding 72,007 and 72,017 limited partnership interests, respectively.

X

- Definition

The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).

+ References

No definition available.

+ Details

Name: us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 48 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Basis of Presentation
Basis of Presentation

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States.

X

- Definition

The entire disclosure for the basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).

+ References

No definition available.

+ Details

Name: us-gaap_BasisOfAccounting

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

ZIP 49 0001376474-15-000062-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001376474-15-000062-xbrl.zip M4$L#!!0````(`&5*?T:\I^)VZ'0``*Y4"``2`!P`;G1C:3(M,C`Q-#$R,S$N M>&UL550)``/.GAI5SIX:575X"P`!!"4.```$.0$``.Q=ZW/C-I+_?%=U_P.V M]BJ>J9)D/2P_,WOE>#Q9[TX\OK&33>KJZ@HB(0D9DF`(4K;VK[_N!DB"#]F2 M+4_&F_F0C$P1Z$:CT8\?&M"W_W47!FPA$BU5]&9GT.OO,!%YRI?1[,V.U*I[ M>#@^Z@YV_NLO__'OW_ZIVV57B?(S3_ALLF3"G_&DJT6RD)[0/4^%+-/0DIV_ M_?[TH\YD*IA6T_26)Z+#3OT%C[#EF0KC+!4)NX@BM>`ID-8=^,/K=>"[>)G( MV3QEK\Y>LV&_?]@=]@=C]C]75S]??O^WCX=7@[-_[%W^,+[Y_NW'_^VQV]O; M'K%!U(B%;A=YO9LD`8/!1?HX4E&4A6]VYFD:'^_N8A/\MJ>2V:Z?)KOI,A:[ M\%(7WA*)]'9,N_8&P-)H5T8ZQ;'8-X\SW9UQ'A7(2\6Y]2[%*NHP*@;/_V+3)YK*FG MCV+*2'+'.-@W.UJ&<8#=TK-Y(J9O=J+4D\-N/GF].^WOL%WJR"K,\:5*A?XH M/"$7?!*([Q.E-?.%)T,>@&9V1SO,4U$J[M*/V.'Y8&^'99$T?_UX_7;G+Z.] M@\-^O__M[GU=/HWFZ.DT/Z1SD90O;#C&P>&@0J[>V^-)-8:V.:E3K46ZX8#& M>TTBII]']=\8Q9K]/X;U_8/1?J7SQ_7;8/E@>-1_J%\S#L]3693J*[[$&3F- M?'B29,)_+_E$!C*5FZK7L-\BK36H/`-OS:4VW`)OWXM()#RXXDD*'_09.):4 M![:;S635'>]7%\B]?6^)BX94NN/Q_B.Y>"]#B"#\;V530W!H#H'M=X>3:G%-(P/UZ;DK`%8&->I\C[-5>##V^>_0>RX M?**U>ZC[[?'RL(5(*H]_X!&?B5!$Z3LA='6MW,/#+RWR,*KV4*=/I]QT MS/V#]4G7S`):2#^4D=1I`GG(0IS?Q2+28K.Q'XW:3,ZJOK?&QT/.?1,^(*N; M"HU)(`]0=)L)X."HN@IKG3V>4F.(AZ/U*7V(!0XXFMD!;SBH86V!-[I[`K'& MN(9[>X\A!CFS"L7[^^/TEK%U5PZN[/%)%)N.>>4(:Q1Q&5ND0/_`?7&CWBNO M=.!S&4/0K6:1_*?P3_6CUFMWU-\O3,;&M)Z)RZ;$!J.]O2>RF0N[E/&[1(7& M"?P@TKGR+Z*%T"E:S$TG=#RNS.=:)*KIIDC+1J=!`&."Z.1&U4*V#>>VRM6: M-+;.5\ML[C\;8[6X;E.!C0[6XJQ&9>NPN@[9YV1ZM)+IX;"W-WXJUVB?\N=O MQ51Z4D3>K4O5C8UD^K"G7G,*ZCE=T?M3B=XCZZ8%>"+9%@*C9D3I$'C\%*XK MUQRP>$YU6E/Q%M`_!O$>9@6,^W'DOWL_#?A&Z>A7V(6,^XGH-Y M6TA?^-\M?]0",LX"73CU4KEXA+2[P[W#>NZQ)J'GX*\%3QD/G\+?_4J_!3RE MV>E3Z:Z)D-Q#&(3C">$30G'-`Z$_3)MIS0703(1.]454[VCCZ-+)6IY*>AVM M,DC+4[0^G\G-"3T'?VTS/MK;!H/8!HP+_H-0U0)F!*V.2"3B5573M&GD58/A M-R'U/#RVB'%\N+\])IT6IS`;2;($P?_$@^P^MEJ2W#%D8PVN5G>^+3Y:PI;A M[\%'H[&9^_/(?\O3 MEEZHEFPP[(X&U;XJS8I.3^$KG[;E`CYK=C8%B0C33^7-HOUYE,IT^5',:!,K M2B]YV,+3Y>G-Q8?+T_?LYO1G=O;Q_.W%#;NX_.G\^N;#QVMV<6$HM/55(W0& M]"&ON8A\WN@P6KBF^:8J[4[Q]4!G5/]S5.KK))(+UW@>+WXI%` M^+\;:[_OTG0ZJI%X)P.1G($09BIIF9=K(`DOL(\B5@F:?ZHUY='2[;W21UV8 M1N9%^^N4IYEN$OI%Z(J06IO5^OY)!1#:\L0PT-+II7+[K+U>Z^P?(@C^'JG; MZ!I,LHK`YVF=P<@?Z'1%L\;J+Y7N'3QIX177?W7EUYJLZ-+8AQ6=OONEK4NG M235;3F8<$C.J'SY3D5:!].D/<&17H*C0`?WY8?I.1A`:2A[@O%!Y@'X+70=* M9PGF&-<2,CQ(S,$:V`0$YO`*^H-47=\`B]\%H/Y-?K\)TI,_=;MB=M?M?C-+ M3_#OF.ET&8@WW_!8Z9.0)S,9'?=E9#]V)RI-57C<`PLRB-.3@"]5EG9GB?2[ MH?(%5L.*$R33Y0&P=?QK!G',=&FZRXE,\`/65K(!ZS)7$`Q6)KO.0J"V9&K* MG*&QS-]_\EJGTY.?NY8?+<_.9E(RDPP-VP^_862)\F3(37"LP81<7 M[!7Q_^?!WL')Y,)4PR.I9^8J3T92OO692,\X"DP^QV,D'IRH) MX5$&+M5T=08CA(>1Y&#D%Q*"?4:I$G.S2`CZ&=>H_G_C488K83#LL,'14;_' M;J`3]]U;>-%22163-#06)^"\$ADLX0%3"$RT<:?=P3>XT.X`;^?2FS.PN[0^ M#10G6)@%,$\\1$)S98Y.>`K+Q>\@,TKGX$?!XS(!DRHG@4`^6:!N@2F"!?,F M4^$C#)L_3F&F/)HI8+`J_K_:%N5D.DP:VCO ML/?OS^K4+5R0\@0,AH7SQ;'RF(5% MD5E.V-6#O.^*8`N"W(/P/4%=:^$4K#?D6"*!CP6UC;-$9VB^03TY M:&-LS/PL$8:'6YG.V:D,/;7;&%=^JJ8N@%.<76I=SAEI9EE`ET=.[MB(2FUB M8HK50%H0^D("7I&7+#M/$[!)O7R6]_LG.%43U$:A::5:XX'3!7[6SSQ:;,4Z MG"R9T8OF"M9S"/K(.!$!^8=:Z@=#J8"K3?#>968]J`F$`%G/(5)[956ZA[5FW-0 M%W(7*D$G!*^$3/R6`8.%8AEM@J:>W4&,`\A[]@O%+!HG(LV2"%GTQ50^R""P M!79RY4A#O@1/@_LF8&)3:R`CE:*P8BY]:PK3MK'1L!(ZUR2JDZ++T0WZ_6(, M9JI@L/D8T1*7;6C$2&GEJ'OL4M6'8/F8"!$9CD%KS(C\/]"R/$WK[FJP1VL% M/HPZC04YYR`G!_PY&';Z_0-J@!\'!ZTA=KX(89&5=C!8/H>8OP29%MG?=UQ+ M1*(:7K<&X^?G#]6.@0"U4@`%JF)&RDQR7$7 MI@O@Q5W8B0!%-+8.C`9F86@5**#E)58!Y@(ZB?'$IDU.`C)O(DY+.XG%B/`7 M`3PMGIO&95-<9-Q\^L(EZS8DIO^5E*58A[BI03:*/CC;&R]D+6Z59+\P7X"3G^!;^!PM@PJ-/NL?`77@0#W!<$C(4-FKB(1T=!$-'37U! M?A;6"J(+U)3B!7&'D589$R`-&2%`ZN=MOJZKS^"6S)D)2M)+$XC`CWM2`V:X M!6]Z&>OE2]*$JN^2#TF8T#CKF6!9X*P8/`U7C3`G-T.:/UB,B/0X`6V':1%@ M<)4'N`0$$K3H*8B^(/@*3!9KH`;NM"^S(4R;7!=J8VXL3\/D`>.Z_&T'?+$L M$TDZ^ M?]0"5>'<:L=+L4);A\!,,%N`):VA[[;C7+`9!"=K%Y,&^Q'R3^5Z-98&UF86 MQB8E-QL+!A0M(P3L#9&QDE;K&*@S-\B/\(H7M'HM#6\(Y"5D;:,&AW4&=.[4HXS@ M(VAT+_A3`8ZXL0L3`>(D+-WZ>G3A]3V<=?O/<*L6!VVAJ!R5&@TICLJ[UTQ$ MN(UT'^[U\F"JQ^W-%\ONH4WZ4\CB?(*UBPKBYF;4%A;Q(X;Q11Z_@>ESHQ_6NM"^ MA!U`#S3&_1JW%6`U8E:R`B-NU&E@XB(C3%;F&&L$$`.@/P8YXJ:,A2C*_;>5_U2W`Y9?H/$=@,0CE&U5WE_7)_1#]&%N9PP_+3[52@G2#XA=L:<%?Z'\2IHLS>'=21,^"T3+PO-S8WXP)>X M=6PB8M0[SQ94.Z@9J:,M_%CFNVA`$!-CI%C?+:SNR&AZ-4&7=B_;?-563_WI M*/?.ED/XR^3;]86%M46A*601=S'A!F`;[,Y>CUT+MS2'M&V4/QC#4%8J8EFU M@WY[FB6$84A*:RC]>1DN^0EK]`)R'YF$=O/SO8IFW?>T6VIN)ORZ5,NE&J!P M`A*.08=0!WUA2FT$D[2\(*;%A4*`%E8:X#\QY47L.D1:D9U37OIF)>,DR^=T,4BEV9QOE M&A-OLC2)ZY4!B,.AA0"Q/NO.V&SB MC#//');!@M%(<[,C,A'I+9I_K*PB+!2KR'#3Q.R0D%&EQE352>5`;G6:YF"Y M65NY3-/03B!=$8N\OGJ%I39DK1BSMS;_(V@2\B-#A[#I"2+:+4B_ M(E0P?)K")I8G), MGM$17/G'W2)WM=@K#NQ2PKN$",B*JP"+A147+JMVB`LO-<>#)LVVA#IK6S6# M9XB6$/=%=/D6?.[E1PD0-&]K3J3A.UCI/UV<=^@,662?FGU[7'SP;:B2`K.> MJB!0MW2&;\XQN`;+!U+P]#%[Q5_3*^:(A:T4<@MT(&*4^A/2P5A>9U-S31CM MYL<(EIA(U7(`#XU!%00J\O(V%>0-31KW?6E/Z.ELHA+?'FQR'$`6H^DX8:\F MKQD=UYDE*HN)C+TLOD`]5O(;<.\3>R5?6\S>G,;+"Q#P"@!-6Y'&S!82S/WB M_DF%]W0.#,SF;*'(C8!TM0QEP!.SH0#V]Y6TI!28^!G/#_'PB5;)I`K05$\3 M.?,)?=A.S,],E9AHM0/0`^F;B@8\I%#KBHXLOO)>-^6C\C,4=AB&]_(P)\YO M>0;)/2P""5RD0G`#Y?82.:1L@HX,#]5@/4@05#E9(4PA+2R[4,%"T,B1>GFT MCI*N.0\@UYEV"'*R[!M6TKR?'M@D$/;$%YS15,(%U83A2ZP M>(Q#1_U?J5.Y&B7M&F/&FT^O27ACE8I\MB#Y=1C,")*IO2["J1- MO^%QT?S!%)01[$''%F\#Y0X=R$(;D.^BINK8>C='U9^LVL2+Z1:A%'-52J(" M;1")DM1)!U`X0JMU+6,7RB(Z-).%M+P"1"DRIZ85J6Q!VVYKS+A;`>XU&K]FODUP MJB6[=`M7?HB8_%Y>L^^4XI$G)-#)HF!(W.XFE$B0L?SN?`+;[LEJ.IIN*GPT M*81ID1_>!U7^)%*R]A0&O-RSK-L\'HY$IQ`H`>WP&MVG*D^].W3O\"__/XXS5U_'LG[AG5ERG M:GO%J.CKK&]_UC'_+";M;;[(&7 M/PUO3RSFX$I^IAE!`*>$!R;J/T>=O8/##FC/ZA)NJK%LR!SK3Q$?SB9T%Q9B MSN6FC<6=[6!`^^QDHZMM`&-EKN[VO[#W!^/M>193T\7)3@*<<'G0W:]FM=:O M@75^0N8SW[1;^X&28J:@@_S7;"Q\9BJN-[ZB=XTM\=7G.G.IM;H@:N:CEI%$ MCF'A6/-AD@ZP)O3,.6V(]?5#UJU<\'!A5#+_30M4A!47/E3*A;[\FWQ?2(U! M6TW!*?G.C1!'VI^^_P2911_;(H#\7D/[BC9W&V'!23.@N!?)JW)5#2QLQ(CE MA9AE^WP)4]2%?^INICUF,'F93%S'4U[[2LNJO&ST++_;MORR_=99W4@4UV*F M1MB\4?P"3OW^0)>+8FN63Z<09)'8"X_3N*>UL870H>MS8KIU&'&+3-.10!&H MV_]O[UN?',>-/#][(_9_X,;9,=41K&KQH5?/>"*J'^/MW7Y==\_>^=,%BX*J MZ*%(F92JNOS7'Q(`25"D)#XEDLJ-M5TMB0202.0OD<_.>_H.>,TZ7?DNCQF? M/.ZWYP[8I&"*T,!$*C,H0HG&)%2BM^FLB3U)$SF'G*(AS^TZF.XMSO"!@_3D M<7O4T>EKQCPS_4MALA[#!X^3$#MZQ'AU(.3)BIRN(*'8G8$\4CFSWGW=?K%' MW^RG"U%#/3!1V6.]=AU1VHC]S?,#HK3%)"+%6;#P?(>II%GE]H[8T*)%N(&@ MK`FK)YNY!',5.X<`J:K7P8J3,:1D]NZI5/;(O4^/"+B&;. MMGQS2*J-`VT*6;EVKB7B1B-T/$ZS(U,^\.Z`0*&W,,^$+CB"A1N`Z&"N0?8O MJ(V\X?61U1V+*P/82`)^$7PJ4^QW5H,_*C"72KUC\4,QU M:3=1$@E;V;`/_M[=3?%C+@%5);__@GV3M%Y@"LRG[V^N1><%H=`X/.J!CBI" MP=C]&MRN3LY19$E$WG7,!-8"(F6@(!ASTN[Z@'<*^]^F?[VWSO^+V'F<[=EP M0.(MDO"T_`AG!+NN\?SW7?TXSPJZ:^.T>)22%562P6A=XK` M!ANHL%$E5>LDPV?2>0/>*@5ET:&$346$G1)NY(H#6-5C1M,G%OD7)7T!=D+$ M`1/&MFPON6$IAQ"->P^AQYE`)-']E#V8AHO8=),SA;TU"'/,?$FU_/VU]W.& MX#$KV[6(6I'B-Q+3I"CO#;[UJRB?;SZ[F8_^PL:8S__RHOR4$L,<3YJ4"APQ M&YVT=4(Y@>::S*3'*,V"IPYPCV3'SHVTX<92REG))Y3>6Q;=R>ND'M`9TO/E M_3M$J%TZJC?)''>$R%(+DE@0@QYT+A]\%K=M!8'#:_9" MM="DJOX>SHLKA>7RC/S+Z,P)%FS@C?SDJCO MQ&%G^RLJ0,3M(`I[365N"/,^\P*L1!$(.C`Y8-2+\\!CH1[Y`(^&\![W2D*X MC`UEGOY%`E]67]]F)?,^2F1*Z`K'#\1GR1N33"O*KTZZ5N1\Z83\'9R:;'[* M_WD@WK[?QQ5'=IY2F6BF0`H_3K-PW!6#1[+$^?;L2LZ*\0DAG:J/*65:0F)Y MK(`4-3GMV+VD*B!1N:Q.:C)+5038^W9F>-"TP04?"]OU)?D1IS5%W'W`>`GYJ!EGY;[3 M`W8F7GLZCG26JUWS/*4 M[R2@%ST2*<6RZ:.`*4_@>1S:\&=M!"YXT1=)[.*3%>Y(:4NY!]N5*!@2'BOO MN*<(_**8IR"R<.W:,CP_#XZ2OF5"2*2J(3(:%[5]#(?S/M%K_*HAUOL?!Z;E M6/"&/Y2/Q%I`U:X:[$?W,96P$3%?TIC1"N7HCMW9KRU>0V M/H`\+",NIBYU@81?LI\58L=H0Y773.-FG>LV#TZP$/EZLH!+RA)1.7<#8NXV MOB3PLJ\5%D5YG([^91O0FQC%V-MT/U'&?-R#$\])A5F";8Q_"V%_BZ2@I921 MEAJ5Q_1':Y#[XZ5*3B=>(C\R=`"W4R%P2[]R<^IAYE=WVMTYN@9O$6^<%4T[ M^1A*7TEWGB(['658[:/@AEXBZ'K!F+CAU:MX+U:F&?%'(2**F1A9Q2UQE90+ M8M%IY5\$/EITO.BC\4XQ;&5/C(IZ@-Z1N)#HSD07%4OC^22"52@!>L],_-YF MS^TQOHEEN)LC\<[E['L*V-)$74=$9>V/HY1\^BC0C40,#P2(>YI(DE;D]X-T MEN)%TIT3WI+8@TZ_C_HBP\M^#^XL:,3+?&CQU)SL2S\Z"Q>^8C/^%I>-`>], MNHBD<,#$V9B1)6!%1"]$F/3NOFZBNZO$D7M84#J[S`X=-[)EYX?IY(^,+^,+ M2,1]D=$`VD5!11G;W@9R%;(%65H0CTG/-9\&(5%LIFSW2-ISYTXV3LF1YRJM M,.&LW):>?Q#"RU+\66-`"48<_REJ2J6LK`5)39!WV?!$KQW)]BL/WR1I,L%` M\4C;B2B2/415[@3]V$>2F3G>QCBZB/D3A`,6KL4K+ZE4*,HQ7`Z4 M%PO'RY=/K'H+%POYP7=,K)&&VD2S9U2K$GDD&^CV632GS&`YW8=L. M['".RI@.64G-,G&:?++C;^K$Y2N4KS;[(!'NM`+4R#U5_:@6S08?AV7QW.FLM5862)+ MBJF&;\]H.\TY M@/-X_RB6Q11YE'<8>QW[^263>ZH@ZYZDG(BM8E5*F`2C%^:YBF'Z3(V#L[$` M_\T=L^SF-_L*F;K`JR`XW#YJ;U=;EP?);#W)-I686A-/?`3T>8S)3:1R\[]8 M0NTV_>-%CJ2!,U;9C!NC]8X;'>7*`\@>6]9WHS+8W6`32CO(MP'H^)+G-7F+ MER"JRGC(U)2JE\\9SW7K6=L$@JN@9H`,Q)U7>*H\>2B"!?#4'38U#A:`R/:J.O^#:-DXD2[>D=]$.OB4'G:Q!5+6\SJ0S##`VQ-^T@I^]S MZ);L8W:@5$61\.\D.$F<&,$*]*K(:DXEKA88,&7]5@^4.2IE4Y<]0]W17G@Y MW#NFD`G=8B02_&SBNJ(*;\XW:XB]R'SSY"PV#^*SR6R:DRK(?O%JK(UO)G0E M?.!KF[*6M0[)J^B/9.9\ED'J'0^$>=\U_48?R\6!^6\7>V9!WTV7$V4R3L2G MCW)ZX\9?'YVR6#ALCS*^,=<;)?[K\,32F90V,[[N+2]<9_?%J^/1W\3'\DUT M+%\+I>\;5_KVJO4[W/)RLY#^#G!_&MF?*P;1_C:DPB=\T3[)#7->EKCZ1+N9 MUR/NN22<3,!=0ABS7-X;ER;/V+B9]I+W8'!673N#O8QV>86WRW'DC9$J15*" M'_G2FF#)O#DTV[>)I];OELH[P'K::%1AS5/S9A:C)D^7%P@JILNBY^E`WL)_ M@EU7M)M1'1J=B2M_CU3*X@35<^EYZ-!2O-![2)LJ@DX;Y<+I,6Z;WYCC2V"W M[!6T.&5GI=G.X%3M&Y&J\-WR=3]QK#W(;4/.:%;H75 M^)MK$2L?3X_0JCBD]IX^]2#U(BB4"XW'.*@X.O:>0'70<9#T0<`[`GC<-?,A M6WBT+=3K&YO].>$S3=./%"5%+$0LK,ECZD@SFN(RQ$O$RWPFT_1Q929#3"V$ MJ:^WCKN(HMJ=%228DZ3[/`+M+G^:JC::([XBOC9/(6VDCN>-\1:B*J)JPEJF M.AW-$$O;Q=);6T300@-QL@Z@BAZ+PD,LS>7**UTU)_H+Q%#$T,98RE1GNE:3 MI1`Z$3H3CIJJ^LPHRU&(F(40DS7J@'!B M5[?>(2+W.^"H4P2=&-4]8@CD!Y*C>.&A;J#WPM]"1D^*6?MX^E,.D.E\@F#> M;S`?(%].56/6&%\BM)\%V@?(EG-5F[4)]#=:Q82>AE`^9_R+#S?.I4EOCG;+ MF-QOXC0'R,,G5_IP)=DLL6L:\Y[$.80YA#F.L,A1#F$.80YIH/1/HH M%UH/H>T.JP_(DF)$+4,$PF,&>%T=F1A\A LE=\KDYG&%F$B-JN+-/4&88- MG2;^UTVNFPBRN8RI3Q%7$5?;"!:?8"`/(FD+(;=F]?(@B)V%L#-R2"8=(*#3 M$;@F%431_%2NL3[#;%-$S^882M/5Z62,Z:8(G,VQE*'J\Q;R375`MG,B9MX$ MAAV_VE0R53[E>G-\6\;,GE.G>TFD?2=HRW#:<_)T+5.T;^3$V^FQA%!W)W)V M'5]4X7?1)?7L>#S`#"A,&!T`<`^0+S%AM/$/T"V;"YA]"5K)]J!:RVV-2VJ M3?6W;2:V->WV_F!;4VQKVKFVI@:C';8UQ;:F9^!*;&N*;4VQK6FWB-2=F^5` MN`[;FO;53]LW$P9:<[MFS;T("J'=M3UT'"1]$/"PK6ESODUL:XI8V+K_?*2- MT$^)>-DNDVDZ)I:VC*G8UA3;FG96\%T6OL[5Z5A#4$50;9P^FJ'.)M7U-812 M[&K:3E=38UPW)Q`A%"%48BE3-JIWKH6HRVF$/U9H`WR,@Z8.`5RAR^"M5)*!PK[=0?$C`.1$"]HWE M)$^!B2U5$1=;YC%=G8ZP8#YB9ZM,9JB:CGW@6L97Q%.\12):=H5"B(2(A'B+ M;![EWOU80WA(^`KQ#O$.\:XS%$*\0[Q#O&L<[_+^BJ(@O7N%"#1$+,QE1%/# MO!2$R!8HI*FS&98P0NQLH>::JL^Q;^@90/6]*+C+')3$VSB;9X37([R*Y0$1 M7=OHG&Q6EX"(K8BM>_EJ@HTZ>Q[/.KQN>-B+>#QX1AR;&AJ!3V\$YLFM)S;[7@`SHZ$8\;T+)-75^:2Z8$6$1X1OC*"& M.AZAHW<8.3%890%1N!T4O@AJ(8Z>!D<'22M$PD)(^-ZS_151KEP_#%\HR\!? M*;;O;1QO"W'$?EQ7]>QWW@%6?+[2C+K=NA!QSW/O'2(WZF,#>\?U`[&'SXS& M;%RGZ]QY2N"?N1"]6(Q+EIM7UWR;L39]"VR+M>E[N4U8FQYKTW>N-KW!:(>U MZ;$V_7D8$VO38VUZK$W?+2)UYV8Y$*[#VO1]RN49O&L";;C=RN[I/X70[MH> M.@Z2/@AX6)N^%<.]:50OZ(RXB+A8K#:]V5QC><1.Q,Y$IM-JC,9XFN7XG#[ MQH:(EHB6>(OL'($N"0D1Y9I#.:Q-CWB'>-<]"B'>(=XAWIVF@@+6IB^:_SO# MH@@(D:W4II^8V-$3L;.-ZADCHWK7`P15K$V/M>F[335$UZ.UK.;5:X@CMB*V M[JU-K[?IA,3:]-V`R)X5B<;:]!V"P9Z3!VO38VUZ-+\VZ6[$VO2GL*9I>)'L M!8(.GA,;C+C&FV>+>#QX1JQ3SANA'6O3=XN9]<;Z.".^([[7\JY-IHWU04*$ M1X2O4YM>J^'F0(SO4DX,5EE`%&X'A2^"6HBCI\'10=(*D1!KTW>1>>4"S',L M3=\7P!T^,^JFB:7I^P'8PV=&PYATK#1]M7BGO)&OJ?(@C\[(D#,=Z1-6;M[@ MVYH_Y^SL^$<.E$W?O+H6#^V" M["E.$MNZ\Q_)S>60\4I[H<1<^,U^ M((LM%8&4R]YYE`/O`LNS*5V!5KP([HKRL?(E`'UVXQ")\Y0KRW4A>F/K;4)E M&U5JABTA5&(N_0#JV8!22!*%B7##^J4NZYWO+E@3I>[ED;Z574M4D_*20+ M3N2@A@J&5[F>3Z;])-`'BE;(.`V)GO-@TYDH]'KKN##C4+FE+"17AN4WB2]4 M$?8]T(JY`O=X#D$!\+%,G9);!;U>A6TDX>8AL^ MYF:.>3<7W/#);8$G>F/.K^KON(RTNAIW'^0SY+.37)60T0K79R!6UXE"H4TC<_&M)7_4Y4+*(B9P8-Z_WTC4O?VZ1>ZI(-O7!> M"R?DRJ:4623I%%.W5/ZQV!ZO&HJ6JC(CF` MY;FTW1M>M_:@>QZQ;M&G+H_JNH:2M&\WQ-X1J*Y*:DX:PGN\?5;?D8^._>#< M6UZ&UF5?I+PFEOV`]]?^>NI[+UVTN3J=C1'Y>G;-15[.XV5UI!6I?8VLW*GK M,/)R'B^/U&(-`O#6W*%;,[)R'BMKZ@3-E/V[7",SYS"SJLH=^20+;+:>JL4#\[1+A^7**1K[EW6=5TM`T-Z$*-?,WYVE2G MHR*=;?%RW8O+-;(U9^LQ54/0`#J@BS8R-MN'J:K/&N+K@W759-I`\9Z]I.EV MT3,857H9?)9ZTTB.DS]0]>H2R7&E2Z6XOA+;]VS'3GN0%N-&6\V? MLGQ%)'HRA?02<5/+I'QCC"LV<#ZBRY3IX9PSA_-S7^>Z6^63Z4R,^7N$:B6N MPKGT/&AG+][AN4NTZ5(M[X&P6T;[:=F]4[@Y=)>(5,E>'K%=&F(KW5ZYP!\\ M+_)VB74=N<-5^JJ5W\4N5=BEJOM-,RZ"0MCHX@AFUFAT<0GTT?;:2';$ MV_Z5#X&Z2AP5*CT@)B.F%Z=R[21.ITTQF8(_`C\N5QFJO-9D;P# MU`XN1CMXOUI#44QH$7C^-M>U$@6[<^1&J"_T05\8/!_.QJA2]$&E0$9$K>.R MM`[))D&\Q8FM$1?53![M%P/01P;(EX6KO*!ZTEWU9(A\630I\M*TE>/M%MM5 M55IJ*-CK:,2>M;`YK3;1;^(TITH,GU0M@W^_J=,4\@^>4+W$:LQ)/[3;F-3; M-+(B?B)_5@R<- M59]6YS($64S4/"GK:I@9T0O<'3XCJI/Y!-&Y!^A\`:PX'4T1PC'KL7>[`/ON!^4P>S![$S+':& MK40.MT`/XQM-5@:OC(/-9"W;WJZVK@6]8A=D'1";?\?(O4V8,6IK7++-++:4 MQ>S3_EO@ZL$=MI3%EK+GX[[..6L[E86%J::8:HJIIMTB4J4K);:4Q014-,-V MTR?004ML[^ES63''7;3!]IY`EQ1/?#&UVQ"H]R7.WNZQ=&(6+:(VHG9G*(2H MC:B-J'WAJ(W9O[4B[W35&#>6EXF8CIB>RV6F:LR;:VJ!N(^XG\-D$W5JSK!S M"NH&R2AOI6\:-US1_>J9.GU4C30[VAYZ[R3I'4U)L3^ZA;M*=; M#)X1QT9S)6Y0_QB`_H$9UZ>S8YB3QMIYHCYR'GUD@'QIJK/F*@&@=G(6[62` M;#E5]1EVF<4\\>H(@'GBG=`E^DTKSS9 M:WX*,/7W9$H6-I[%QK/M"=S>>3\[E1*'V<"8#8S9P-TB4G)3\,'9RU6W*WH8]_M((_"-O;=__<.IOG;X2^R-DX!-[]A@0; MR_&^!Q8<`/[JMTYHNWZX#4@\B&+['A#Y*UG^]:>_:^9/O\*T_^/ZFMS_N+YF M&[QG+W?R1O+R1#[Y=&<,19!N//I9^>@'FWOKGBCLJZ_$)LXC8\X3\TY37)N3 M?W/LO+BB&2)5.Z-\E_][_>GSIW?\;_C-9T_Y:#TKQ@CR"T83=9<7E?4VL!^L MD+(:?!-"?\2%LHIH"_T,K2R#JLI'QWYP[BU/>4TL^T%5EH&_RGW#@^]2X:HJ M7VX_OJ=/+:P-G>W&L57EPXXC\KACJ>3^!- MBD7?8-EVL*6$<"!>E!X1A1(_W-!OX'13I1Z6MW%6\9&.YG;#%P?C4AD"AY:* M$YM9\V`1]#]$G!4V##Q*)^+38>`0LGDI`>-?$H@.DO07KDONZ;N6EN/"DQM? M65E_T-5N@[6[I;+("A^4M?7,SC%[+UW:H[,@]%7T"`?PJ./1A4-\=4#6E#IT M&3?*;9XLD(ZX!WEQLUVPRBCK%V+TY*MV?'8,ZDE\I6+E7J9 M=RZ<<.6$$2FAY%N/HQ-]YF>2OJD M/C*TG7VFCSO`YHJ_9DPBNJG"&[B$@4_H,HA+V(396RF013R>6?&2KE3Y;&]\ M2+]B8XYF-V*D!^N1*'>$,J_G)VM;60O&C?`ZU[>\FPS_45;V[SWG7[#$M*3A M`N;/XS$3-G2IA,$L_$697]`MS9_*@BZ`"AX8#NP((1@5Z)LS'239JR%Y3(5S MO28VM)MUGU7V.27WUA9GS;:"X!E>2?7E;2S%8I*PW0AB'+U1_@\<1/'*B.`9 M@,A./"M&J'!1EEN7$H*^C02/C`6>,_+VIC.'\$3)IPWDGNKFC7',VC:91M:V M=,9E[O7ID`UN/)JS&1>X"N7.J^R&TOV[CM['C'_Y6RS_SO.#E>6FI=V2$M1_ M`L8'$4+ETHJ.]WR,_QDWE[3T/?NF*$;A1W/ M>4-U,Y]$,_8N>&;>3(O>UO,7W%!64D'>S>0I'>3FN&%P>SERQG"I5XW7IF6) M.)L6MA?UCX9QDCI*M#T2[>,^/!'W4+56(&4L^LK8/)L5BM4MF.4YDHUUD"%3 M<7#F].PUDQN4G]TB=(/2\QB[-BE`NT7$%+>.C>J^(A2T/[]+7:%)"-(T8ZD\ ME6AM)6JD3>XNZ4VJ'C(R)+EZ"F]['9$Y="Z\&H]?H*!L7B.M%J[4DL"LXX#O M$*^B8CHH`8I<62@J)#<^H=$P@U0LPU?"\O%!X7NF#WHA]R$V&YY0,Z*%^;#@ MW7=Q((,I!S+(\^;.S]LH%F7!5%E*'D;EN\MR5/[N,;<>.-U)L&+JO;,)4XZE MV_N`$&"QK,_)H0_F2*5SU\WRF^E/$=J%*R0L](PFJE8:S:896+&@2Q_UD93^,>N0_B) M,"^\#<`&U`#:B7RS[OA>.\'C=R?B<0C:H9RZ>8:P&#JZPZ.&"#G.77MXGT4G M$,KH+*KARGD!08C7#Y:[C)C7]E=KLG&`*2@ST*?HX8"0"?HY!.:PZ(H'ROE/ M_M9=2+$0]@,E*N6;NV=EZUD)1&T>G(#'V5"@$E%(<%9@'"M@*P"GOV-+3$S' M59Y8K`6/AJ(/,TZ'9USR`U9/,1M>KRKT#%TY=!V&?*99+(+E1G%A(GR*G6>* M\QZ10HGBG](7R506;\D.3G_G,CN2?!RC(`55N=MN8!C/5\@C//;DN"Z/H]JW MERRXC/Z([U5J8U.4E'?C+O#_H$/G+0AB)\*M_!N&2,+0#YRZ*-7T!RY_(I$Z&8K2^X;&6ZR1\;-^R&6'N(&0-5&G'DZ&8 M_G9#1]U&.Q%M4$!$U!IE(/IB6%H('+,P?;!$#"7KEA@?H5SZ$NM'1-TZX=.C$ M2J`091]V`O8<=VFZ"Q!N[(61\EUB'+&?NP25([$^^;N['$H28FTY"R"M".QI M!5-J2O9NPXY]&MC)QJTYJ[MM`#;T3[=?WK_YS'C8YO>Q2$,(>;Q;_%O&7)0# MQ1,0*KJCD>ASII&4"Y_A86N.%`)/IW`OH(\)TL7*\>!06TR.Q;/KX'Z>[^[T MZ?N;Z_?O64#L\]JA6$;W@S@@B"``:DU85/!NB"R36[OTC4@OQ=&RZ,2,IP6^ M>7IP[(?<\#_ZXD0F#4S9/!9MFY-)`K"0NIY:BT<6I+[<>A2&A&"7B0BGR.>Y M)@S(6,`K_#KU*_$:]H9L6@G775;6L_+HNQ1&K,"A?+'PE=`7`?P0W0Z#T_^- M@F'9I<'SDU?'T)H#RZ5C5K-!M#`],01=WX8%AD=#4X3B!(K3#79I:[D0>G?_ ML"^%)T/X*&J>:3G10+UET/)))*\)I52XL+C8A52"2!^EY'X"I4%3-!3$.U;!:6KH`A%PX799B]HPH9NGD( M&)-1U>\1]*XH@X*?2\(,5_YR"F0/)(]9#DS+.>$ M'H9_^'(8.Y\8!-,#X3:N4*@A,43.GI""MBWED1YSPE]!D7D#`S"Z"(#E0L%B MAWP3;_/&5ZF08'M#7QJI`A:=ZX)'PQ]:#>,E\33]74!6]&*1;R&Y/71>_2=* MT:6SV%*X"JB@VK(;9G3)W=7[LXEVZAX10<7=WE5 M0<,'$`_GYPVJ\*(=$%7SJ!>=O\RZ0"#2FQL8N^AC]#*X=!U[D]QM#PY?:$EY MZ84E+.L[V84PU^_6C[.:X`\+V\@6'R?0R0.Z!,[(M8CQIRJ=)OMNF/E^K%PK M?)T*7:BPSJ/X2H7UL4]AX)GR@3(UQ9Y`3D=L:QL2\180_2LJ;/P%WZ9MR%^Q(.#!<;Q(-4SBM9(\ MZE3Z,Y@LJ/C8LC3!.T))?7`-D-;A"GMA)%JC^\H]1>HU-^S88/AF6C:3G=^$ M36TZ,J_N8NO'>]!I0`?X"M:]+5'>T!,09:P%A!EQ!*]Z5/\(0ZY$@Q$,4BQ] ML')%:B4Y&=K-Z&A-HIV5?.G,V+]I7+ MGUC#/N3RLO66.7D\FZFYP.)W9/-$LKFX8(X#-.I3RHS3:\9]Q^\/H@-9T9"7/51H*+/E)*W;S/PVE;DQ;P=SJK3"M5][2+6& M"L*U>B1[U"I+UR>Y7%;S"$!MZ?-44OBW=^9J?%=QM38'*P@$Y3L-M/'N<`%&'QW@W(+^AT&L2;KEW<-Q#+\6YI3IY/V\B\Z M1M!*G&J@*#Z'D>U3[L4MJ0N5V'6J2I(RHOY8"'Y6VO>MYF*%+9("\J_&IKX_ MO:DI,7\L4Z112=_M3)%\.7^L@.BDE^5`:[*FIDX,HQ9SHF1O4K)+T5Q)H@U8 MN;/6]&Z*]D&6UJ^PD9HZFA=I48+BOU/B'UDYR\JF.A\5J6B!8-&):T#BO^D# M0@RE+'L]/6P\UA$KAH,5R-0\$5V?%JDOTPANC%GYB3/"1NX$^F_';\6XLX=6 M_1$;[8K5WI.G*:DZ1%JA"MR^"GPH*@F5XK[H#].;\1RUXC[+;^3J+%>;YLV\ M2(_#\EJQ3`Q(;>5_'0>0;#POV[WT@HL$'-9]D;$_PKC M=/[V:@V'?:>"LLV\/>=R8$(U,KJ6>I'A^LWL>&3XGE#.TI'A8L9%`L-SYW6& M_A<59%!.RXP:X>112DD42_X;6;#\-+`^WEFAP])`(,!<%&?*R^L\W%OCE.;D MW%:QAUC&T,9US?^=M@Q@+!_&\G4[EL_,E?WE(_QFK.$S\F]G(OR&*(NK&38B MZ$Q@M[;QHH*9XNS7LU:Z7M2ZPTW4*97/K9@FFK,R:48W;M>=:5K2Z[#`[AV" MJ:J/9^R_.A8;@@`"C]PN%LK5`MJ$;EZ\4BX2.$YA*AV>O.ZZ@7F0!$+AUU88 M]5NR)`%TIV:%NW@!XU`8KAQO8WGW4%*L?C3U)0C(\ANAZ:JA-Q0\BJ(71>\I M&'8\.EG4&@KUCN;&H#3/VX&KJ3H?35]'_EY2K7E+^42>E/^B7Y+G"(*E:ON*MV41O/X2.F4XBZ@I""7K=?Q!IM,% M*ZZ_%G745W'W5I:U%?!^%#F=,^2P8R=E[XO:EF3M?NG6K'NZ%.GL!Z+!6'H" M#FL0`,'1`5FZE":B5C[]+/J]*)T/5>=7%)Z>P:.TKX[^C?(VW3AIWXRR?8Y9 MS[W=5K`3W@J6AVZS[C8+94'6T+:/-9*B-&(_7O!EIK>2A*IHY`5[SO>5[JK< M0G0=D$?'WX9LKC+]V>,WRG_Z3^21]3G9OU71'.(^G/9F*]2YQ9:P:;+)Y326 MHW2@ZY/[$O+.="N+]QBXLUQ6YI_W(\QTRAWS3KFIS6,MRGAG!:9J*G[.]D7O M#1\(J*2'(M53;6)2#4OIWV\@)#YXAF,0=\>.C[(G1Z>,YN6 MV\7E4#>65-N6-]#\E7=KAU;L/FO+1#S;(2?KI5ZT=Q4#Z.LGKCW<^>Y"NBE` M=Y:)I?H"WLZTE')Z;NB@RYTC(+3 M[5I/X98WG')"UAZ=M5V3^]4+* M[57J;1WEA63:)K&&M:[EK$2;+NBX(8Z3X[$&JW">`][(T+IS7&B3E46'?:TV MDC-2CO53I^;;]BZD\I4^^@Y:`8?=."!I?KB+#\:4'HQDQ@J?,J-(`^V**DRN MS#&YWOAK>72FM^=,1_I$=.TRY`IMGTM MCN9;UOIY#2>9&B" M_I,ENAE2^%?>4!60*G_<'^Y37?O]>^4JXM"&P%KA@BO>D-72#_T'`MZ*SF@5F:;R-[:8.L#C/@OBYX! MBBB@%VGS^2C;*90=!3X*E?M<]8>6C"O>DHFB!%?H60HC MIO@8E%^;[93<4I--\C_%$\EF2I/DM-EMU9MM;@:[%;.%_'D2)T&5_P\?WNR. MOH/.:3Z1V(CU@I8FIE+FD/8]VHD$L(5VS1>0HY983&8Z"]:ED2XH[F7XG[Q' M)C`RFS&,)-IQPI80=T&U!?HNPNY<0JF7A+(86.:#Z-TIPB;-$VUQDV_S*Q+A0Z#-VJ&`+>PN^QI*;8% M./-CLK8WV;6Q478V9KV]7HY!++V0N@[]S;I(VU760Q2NI^?K'RS'<_8>9@^?T?DIGVI^_M\GCMX MTF-/;*H31)UNH>UAPK+][=]_!HNS"X((W5Z8_62E4;0;S M4\18G)OHH[:U=H"Z:Y?>B"^J;Y1/_NX2Q#SNH$`$-\`%8D6+"SJ6MX>,@UE#WX.U2+4]GX*%<\H>@#^U MZ>'^ZZHD!]WGW)MA^3M?^LK(?WAKVV"[Y-INIVZ$KZ-:(O):>G(U[*YQ(V7^ MSNL;(Q_V@%#FY/(/NI33FQE("J;D6@G?4!%"7T(O2G%;=)>)/++>)+(3^MS3 M?WV#[9YO"S2UI[O"#5',-TZYDXIXWO.=GA8PD4B:H*J$Q!5=UIEFR"QH MS";'-&[%X;I7?-_/U=2:5LNBT)*4KXN>Y)7U1W)R1%!/&&Y7:WZK MY+9Q;M=+P%2J&"C&RET#>YFLD]*K,02X?AC.Q=>$&#)G):N1Y\`KQ4P\';#46CA/#J+"%!WG^1S`S-00*)"F<[!C0TC M9$LB\`Z:#E)F!XL?R3M"R4LQ?$#@@+CZ1'+D5S;:04F0(,JZ4>'!=Z;DMA>,?F MI[*@28J^V:!:SA]"PC#+ME@`B\R2O@;#-#V1H)[OL3)F//V@P3L>:.T/`/4N MA6#0(BD=P:P?U4Z)/3B[9D\K5JD7NE5$)]A4)=E5>@6C M>BO(L)57R>PMRM`.IM]L'#`\\BU419J:`7!L[@B;F/?2!PW M\!PY8:`4-AT$1MQU-J4-^B'[:0"8=G#:>\.(=S\U(G@6,Z3_XK?.W5,%H2DB MUAF"T>'V3`6#<`S=*-^('-G!N,V0$^OV,F(2]`'`O=P&[";OL"L%NWID;[H' MSE]*OWY/%7HG@!/_.7C+_$F6^WGYP??N/X`SZY;=LCNN="=K`.:!N5^SR2M\ M]GB.DW,,$>W7+B..2.RD#+H@/(R#*`X[>U3CA5/$;#X0S>(D]#WK47\O@OFW MJ^A)?LK`.K;=;`-A4%ZZ/D@LNE@6H4*G=W3P,.L8A#G<>\Z_V$5:)@%H_RR\ M@H[W!/_E^;M?DS!Y?!$E&A37M_,3"BH-_>R'&EW_VU8RLS?:Q*:)R_V?%3:F)S6\2I"2G=2&>@+,_=&83$LD`1B M,R6&BN\XGRN9RXWRFS2O)$#&"O?J,=(,A14/HH1^<.G.9F8I]C8(>&!BG(@2 MMR2!^!YFSH18)O!`<'<#$[_L819;R()2Y!@IR,QBWKZ,.,R*Y#MZY2&/493O M'IDNI9*)&#D1\NH0R=3IYQ":OU;L,T492AAIKZ54MH6XSTE[+^Z`#)X>Z!#7 M@*B0)[-E03L<:\(4E7.E?"$AGXMU*O%" M^VAKZ3,@E-\R*G>%L-5GHVMM),O;['9*LC:UM1`7?>>"G6.AA+&LCRR83]8S M/[<\ICH)CV:]-=:!$\;'/D=`)U&U(9]/R%/<6!+07C](#`5"#C$'1W8X[H)E MLK/8N,R8XJRD@?F;J+K9`/531%4L-V3(L8>TD7\X$8"AF#J5@A!HSBD1DN#1 ML4':WQ/_/K#6%$[`Z6N!R8I^O[+^`3<$RI7^B@IQEILK!6LVO:J\\#YZ1_'H M?1SBJCDU&6P*LN>GO#=!43R9Y]E1ME01%=`DL8S56D\ M>AQLR#&YB6*UP::<]S@;FGY'3]3_O'^GLB0=3WS*O_4I!$I4.'VCF M1>$^\+=K-@S0%WQ!;"=DWCHNSF(*RBFD MTMRC--%'GXEK2MW063FN%7![.Y5S5XX8RJ>B]-Z*LB2LN]`/[M)6BG2ZAK2? M]!WB)>RMDM4P_0)6P8/[VR$*?.=5+"?LRGZ1I8\?!:F+9?"Y)]ERL+])DH<< MC0_]!_T5%;>)]X4)_NT=``9D+4"T@NNF9[*'F,01ADN6\2)8EEPRO9HRN?GM202AMV$_4V+C>?B0?ISU*5."+BTM/$5`1Z M>#AP`O_OY:F(C8)\CN'KC;:7W^76/@,FMEIZKY,F&%U;Z-2*9`GD:[#79HY^ MNJO$=DSK/M&<,ZI^LHCW7FQZ!=Z-S`+\DK\')6(.SNHZ@%X.$Y&0;"7PM6`JX< M!;X;\LMV,M3/*2L%1!"GL2LGLRJ_%M'/NX>(61_^(*[SX/N+^!*QDZ'E1U)* M2$Z`N\!_A*(Q.5`5U=$0N)"$>(&8C*EEQ_:!^(:2E2(I#ZUX[)=&AG2&(>LZ+"(3SX6@H48TC(["G"P`.#"Y-Z8N3@DE_>3U9D*DE= M9;F_/`@F9`S!GXBRHRDK_T$V3-H[O/A27S7-)O./@&8978^7=WGR.1$3^]_N MTQ#=`^=VGTIYQ$\*O86!%Q9J4FT*@$.6'Y%42:4TYF;8J9FOP&YE,RZ*N)F> M]E@UWIEP]E/'VD]+Q=JG;%ML84>,5*QJ%:\8 M\>K;\^K.WVU3^+^TF9%?,K+&7VDC5@[/QCG[PE("D;QI@-C+S+@;+>P&NQ]% M<@#.JK@Y@O1E6`ZB"^QA].[%1"&XP46:!7@@DM1BN9W'>Z?\8:+VLDFJKA)3&42J`=8FM0E)Z8#/IV%9<,$L"2&X:B>KF+!5C M/%985'VV1I5<&Y4]QCVM?$G`OU#36IB06.C)+C\+$SAW'&3>GZX9^<-9;5=@ M:.?1'A#/[X=A5,DYJB7L;.(Y)77$-BPQ5?(=+?@<(0(QMJ<=LE7W4])MO0TO3R9L:G$I6VYP@N/!JJ+RT[I3()5'-Q_VN<:N MV3<^B.F0+-[XJSOP.;_FX3[?(-HG_+RDB^]LAOX^R<'=U[Q6ODA2B3H.V,1U MA=<\YQO1$&+G&[DL_V0VW=N'8JR-;R9Q(PIZZES76H?D5?1',O.ZO7>26:3; MBT1-#`IWY(FFW%`G#)M%>+32"D.\.BF<$?&M$C&N(CA7X:R['RYWN*6%WDBX M/S]?,8'E;T,J1\,7[9/<,.=EB:M/M)MYM]M1[9-P!QJ'&$9^ZZ%Q:?*,C9MI M+WDOCN3)H/K>`)YR''ECI*XT)?CQ2"NC$BR9-X=FV[OP=(E=D_O!GC6Y+>&. MM6\R;V8MM?S+I]&9N/)WS]HN0-,M3M#R+?8H7N@]I$T50:>-$<` MCX?>?<@Z,-M"O;ZQ6:J'KW[$N8E8B%A8D\?4D68TQ66(EXB7^4RFZ>/*3(:8 M6@A37V\==Q$%YCDK\"63I$`+`NTN?YJJ-IHCOB*^-D\A;:2.YXWQ%J(JHFK" M6J8Z'Z:HYT5\@AB*&-L92ICK3 MM9HLA=")T)EPU%359T99CD+$+(28GZ4B@V?P9S;E7N\4PQI3O)[V`5H'SXCC M>77K'2)ROP...D70B5'=(X9`?B`YC@5R=02]%_Z6]="0F;6/IS_E`)G.)PCF M_0;S`?+E5#5FC?$E0OM9H'V`;#E7M5F;0'^C54SH:0CE<\:_^'#C7)KTYFBW MC,G])DYS@#Q\4K6,H?VF3E,`.CQ"X>5V/_)]D-K=0&Q45!U`>_IP)=DLL6L:\Y[$.80YA#F.L,A1#F$.80YIH/1/HH M-[1-(60F[-ZN5!$#L+86?DD)2:=2RX M:U)!%,U/Y1KK,\PV1?1LCJ$T79U.QIANBL#9'$L9JCYO(=]4!V0[)V+F36#8 M\:M-)5/E4ZXWQ[=ES.PY=;J71-IW@K8,ISTG3]'K7)V.-015!-7&Z:,9ZFQ275]#*,6N MINUT-37&=7,"$4(10B66,E6C?$X@0B="YUZ.FJA3LW0R/"(F=C4]5T$1+(#4 M"V@=/"..9S.\S/8`D0?/B)-Q]2*8".38U?1\_H^Y4;TX&()Y)\!\@'PY4>=C M3%+M-[0/D"UGZFQ6W3.'74W[&&WQK#OL0YA#F$.8Z0R&$.80YA+GF`Y&PJREV M->WX2;YHL$QW-1V9Z'Y$1&U7EFGJ:(Z=V4X2_XM=38]V-9V9B*N(JRUD,]=( ML$:N,_[&K:@;R3BV4W[&K:JTS1OI$3;Z?8U;13&B,FC`X+N`?(EY@P MVG^$'R!;-I7ETG%?Q8TGH[Z3HNTD[SKY>?G]@;"6DW+'R5___=_^ M]`L\_(ZBZ@J*"&;>\FU#/V;%>3\O/Z])P*H+AK_Y0>9EBNU[0(.O9/G7G_ZN MF3_]"M/\C^MK?Z6*!%3^]1:*#QD\)T+`OK&< MY&HPL2(JW2$3+KE`(D1"1$&^1 MS:/(=XAWG6&0HAWB'>(=XWC7=Y?412D=Z\0@8:(A;F,:&J8 MV((0V0*%-'4VPQI(B)TM%&U3]3DV'CT#J+X7%7N9@Y)X&V?SC/!ZA%>QOB"B M:QNME\WJ$A"Q%;%U+U]-L--GS^-9A]=.#[M[=@@&>TX>[.AY/J3K&7'PIEC( MW?B6K`-B.RSGG-T,K94?;)Q_L0].A'EMI!1U2B_31M@`IA<(.GA.-(W&3!IX M\VP1CP?/B&-30R/PZ8W`/+GUQ&;?"V!F-!0COG>!I+HZGU07K(CPB/"-$=10 MQR-T]`XC)P:K+"`*MX/"%T$MQ-'3X.@@:85(6`@)WWNVOR+*E>N'X0ME&?@K M5NW7\;801^S'=57/?N<=8,GH*\VHV^X+$?<\]]XA_C,:,S& M==K6)37T&T/4`CM_YD+T8C$N66Y>7?-MQMKT+;`MUJ;OY39A;7JL3=^YVO0& MHQW6IL?:].=A3*Q-C[7IL39]MXC4G9OE0+@.:]/W*9=G\*X)M.%V*[NG_Q1" MNVM[Z#A(^B#@86WZ5@SWIE&]H#/B(N)BL=KT9G.=Z1$[$3OSF6PVJ(=XEWW*(1XAWB'>'>:"@I8F[YH M_N\,BR(@1+92FWYB8D=/Q,XVJF>,C.I=#Q!4L38]UJ;O-M4078_6LII7KR&. MV(K8NK$YL,.(:;YXMXO'@&;%..6^$=JQ-WRUFUAOKXXSXCOA>R[LVF3;6 M!PD1'A&^3FUZK8:;`S&^2SDQ6&4!4;@=%+X(:B&.G@9'!TDK1$*L3=]%YI4+ M,,^Q-'U?`'?XS*B;)I:F[P=@#Y\9#6/23&GZ7UXN'??5.PJ`*VM#%G$9\:B* M^+<-_7A%O$WX>9E4$?_-#U@!<;E^^*___F]_^@5>]LU^((NM2SXOWWGV=G47 M6)Y-PEMOP>MMPLN^!("<&X>$#$WIDK^2Y5]_^KMF_O0KS.\_KJ_)_8_K:\9( MIT#\*^T%(PPK@APM`&JERTM@CNQD$4JR"D93]JQR9;DN>+NWE&3*-JILJY`? M-J$'/M! ML:T@<.@H](/=XL[F"R5==/S5#H^<+]BMX58%V67P-@3\1-?J0F#J-\8Q31B\ M\>6EUVQ<5!;ESJ&%TM91`$=H!\ZZ9+A&E?*X]98O#]3Q\KC:2*\";Y-^4D@6 MG,A!#158KG*=F4S[2:`/%*V0<1H2/>?!IC-1Z/76<6'&H4*5SE0E31=T7.4+ MU5A]#]K?<`7NN81!(9>.A]B,7B#HRGI'PRI<-JO"9!.CJ!NR6P1B(2\HGSJ@ M&K7A\CX#2<5OV:7_U36SD!^@\JU-U:LMEV=RL'4MB__Q5*P]0'*(CP6*Y.P2 M?:I.=X=V\K;:\,DU<\R[N>"&3VX+/-$;\V=5^_!EI"'5N/L@GR&?G>2JA(Q6 MX+9TA)2%+TS]IDV=RQ*R&Z)P9-*SWTSJE+-O3">2V<<*^NF2R1K+..9_NNI_PM\!]Y`T5X0_2V\U^63D*W#CJ! M]JW[/*>P`F.EVE^,S")9)TUQ7F.(T:U-Z)ZCJ5OTJ<>DFE8D20]9M%/WM-X1 MJ!Z/FJHV*I(S59Y+V[WA=6L/NN<1ZQ9]ZO*HKFLH2?MV0^P=@>JJI.:D(;S' MVV?U'?GHV`_.O>5E:%WV1'_MKZ>^]])%FZO3V1B1KV?77.3E/%Y6 M1UJ16L'(RIVZ#B,OY_'R2"U64!UOS1VZ-2,KY[&RID[03-F_RS4R^DILW[,=E^?"PK\M]UT():R*UIF2-P>J!^W=&Y9Q(>T/S]O- M;ICT":M&9'#^R=_5;!DE_I$#5;DVKZ[%PP<3B-DH,*KT,O@L]::1'*A_I4O% MK](DA!)8`8'>#HR*;,\JU;G*;1MQM/;5\=I5E[A?YRBH5:M\UJ`KR=:#+<., M]\&'#8J6G5N7\R`MQHTVPSYEP8A(]&1*UR7BII81]\885VPQ>T1[*--E-F<. MY^>^SO7?R2?3F1CS]PC52EP^<^EYT+)=O`=MEVC3I6K#`V&WC/;3LD.EY`W=ZKI.AZOT=:N[^^";56!9_Q,"[450"$OQ M'\',=KN^]YX^VEX;R8X83M]SV[_R(5!7Z?,#AF*%6XIW;8QM@?8EG!($:@1J M!&H$:@1J!.HZ0*V\MEQP!4.#FSM"7^FQ[GM+Y9E8`>)U[F&I4%L!,1TQO3J7 M:2-U.FF,S1#X$?ASN#V=C5"GZH%(@(Z+6<5E:AV23(-[BQ-:(BVIWC?:+`>@C`^3+PG554#WI MKGHR1+XLFH9X:=K*\0:'[:HJ+;7PZW4T8L^:QIQ6F^@W<9I3)89/JI;!O]_4 M:0KY!T^H7F)UD@6>0VY,ZL6DWHY9?BKE^1J1@$\G(8U+DV=LW$R;NYYT(<_7 M8+3#/%_,\\4\WZ[1IDL6Q(&P&^;YMI7GVS'W9:<(BAF]`[:A=0)<4+UR(/@AXF!F+@-=1^B#@(>`AX"'@G0KP,,.T;H2FAADC MB(WMX.[P&5&=S">( MSCU`YPM@Q>EHBA".68^]XUS,>AP6M@^0+['.TP"`?HA\6:\R%&8/]C'RJ=_I M.I@]B-F#??`%]YLZF#U8M1?KL:ZJJ1:LB]P?W]KV=K5UZ8\7;\DZ(+9H+(K] M6/>G`KH%>O7>:+(*=F4<;.%J)9N@+*1=8/N^35@@:M];LKDK-G+%G,_^V[WJ M@0PVW2)2I8L<-G+%M$\T?G;3$M]!^V?O MZ7-9D;Y=M'SVGD"7%,5[,173$*CWI:O>[K%T8NXJHC:B=F&H MC3FWM>+==-48-Y8-B9B.F)[+9:9JS)MK)8&XC[B?PV03=6K.L%\)Z@;)**E@ M,?)C3;RPC!^M:_[P3IT\K49R'.H-/7>5=XJDIMZ[X#-:ITR37?0LM9[ M^EQ6M'$7;6J])]`E11)C57_,G^TRZR'Z(?HA^B'Z(?IU$OTP#[5F_*9N8I\: MQ,9VN?$[-1/SM`_X.GA--'3O` M]@&C!\^(8W.$.(YYD;WC6ZSO-"Q<'R!?8D6H_J/\`-FR7@VI8YWP2C6W2]KB M;5=TG<^?EQ_]8'-OW9-/_H;0EQ#G$8:XM3?.H[-Y+MH,[UQA3R=*4V@@2T$W M;XQC>MED&NEEZ=C\W(-V2%L;C^9LQ@4.3>Z\RFXHW;_KZ'U,3 M%X(22!9*IN.78E'E$(+]CS3^*ZEWLV2(P]MK&OK>'3-TH["),F^H;D8>:L;> M!<_,FVE1N9Z_X(;B5POR;B:B]2`WQZWEVHNF-H9+O6J\-BU+Q-FTL&;1/QK& MZ4PHT?9(M(_[\.2.&Q+46B[W6/25T8Z;%8K5==WR',G&.LB0*8^I.3U[=;T& MY6>W"-V@]#S&KDT*T&X1,<6M8Z.Z50$%[<_O_KD%[9Q.QO7#D(0@33_XMN4J M7ZQ@XY$@?'#6IQ*MK?@7VN3NDG:'ZLZ%(]PJ`7TCPW?KQE6RV@7?!+H9:#@6#*@9'(STF MXTCTUZSV8\[F1:O]Y$^LX=HS](U+RC>IE[IDLZ'D%#ORZOI&DV=Q"X`J<:]R MQ]F7>0SDBPC/.#0G/X?T"<[+BD*&L2*!OK!WV* M\37W9H1I-P.%\!\VH62#'[O."JJ]*.MD=/I*N@82;H0_`A89+;BRXC2]F1SE M%%,O;3\U;\PQW<`"+)$[@4ZZ+*:E3?'C65%XV4.%AJS()RFH8^87#\O5+P_Z M+[3"$?D]I%I#87JM'LD>%3#1]4DNUY5VBVN3.3B[>UJRKB3>_9TYP=]EG.#- MP0HR<:DPOGS1J9>ESHP;A,X5)]UMIH_][@48?'>#%`L3)6U!BD/<02;:H*.B?9`)CQ4V4E-'\R*)XRC^.R7^ MD96SK&RJ\U&1Z#$$BTY<`Q+_31\08BC)8`4R-0_ZT*=% M8CD;P8TQ"_4Z(VSD3J#_=OQ6C#M[:-4?L=&N6.T]>9J2JD.D%:K`[:O`AZ*2 M4"GNB_XPO1G/42ONL_Q&KLYRM6G>S(M4GBJO%0;#POV[WT@HL$ M'-9]D;$_PKCJ4(]]N5O_4V(7_U;X2NRG+I M&U];H1-^7M*Q;L.0;,+3!;@7$%P-1[.G8LW-/%;FXFU"%4VZEGH![_K-['C` M^YX(U=(![V+&1>+=<^=UAA(Z%41K3M6=&E'R%C\0<8B\.!/,J'H'IP)RUR!N MWN('P]J4+<]S2BMYZ_=;92.*?6U72B3K4B)>8K[%1SQC/-Z(;1 MH#-UCWH=[=B]0S!5]?&,_5?'0EX00."1V\5"N5J0Q=;>O'BE7"1PG+('YG#D M==?MYH,D$`J_MJ+#WY(E"0("M93H'V#ZLOU0&*X<;V-Y]\Z=2^H'B5^"@"R_ M$9JN&GI#,;$H>E'TGH)AQZ.3!>.A4.]HR@]*\[P=N)JJ\]'TQ=5,I6,VFJF) MLAQE>?/L2OETVI&D313A.R+\\^:!!.>0TYBYEMV7I@*M4*R?6ZPC=[?'W0@& M;;DX!2Z,*2YD`HFZA1$8FPLG1M-479\B9@P=,Y#;!;=/9^W8A,J&HC<6^#UJ M*A:]L1#RR@'DW0M%+Q@M'D>B?]YNPHWEP9'ZP#.RI+>^%_E8H;(@MK.RW/"O M/[W_]-M/J5CS=YKYD[+U'/ZO;P\6?>*G7Z?Z:#3ETR\V1*,S,O)GI%6;T:7/:0Q]/)S>;]:6TX`IM`/O.-282+\_NWM3[^. M^(B[;ZGX>J/,Z[?A];UEK5]]`%=<\MIK(\/:_^_;YIM-/"MP_.O?/6N[`*KL M#J5IE-OI>/)K:XSST:*4=BR7FYH)R0PWTHS#X[W>.BYP-\@!2H#`?^2E!O\6 M4!HTL&!3&\U3,S@X8!M3.TZC\;SL%)EH`-N0Q/4BN:8^R8PIF\W^,1J;PC'2 MC.?C-J>R.]S$T(L.UP;=M>E\$H_?RM#'Z#TU9BW,8'>4N3;3CXP2G02V"]"# M)?QB/;-,K?IDUD?F-'7<,H,T-86C)W\^G8W;FTIFX=K,T,L.]\&Q[J@^MW%( M$RRN3W-(+PW1T/C'"&],)FU-(R-33./X4#L'@?>'?$N6CNUL&J#Z]5B?Y1VX MU#@-3N08^:\U?3H9MSVC[*B&/C::U$L M.3:?PNJN<2*UVBBI5H_JCI>SA"-KJ*X/%R/B653U4G2?3\?:Z6>8V2E^!D]Q M82BV<9,V+PRE-F@\F[4YE3REIQ,:I?&_.V+PRER$\O#&,M5\]KJ5\%JH6C2)]_SUR2P-I`PLW\6?R]LJDX+F7U#-3R? M8SNH3T>S4\TK8ZAA)"D[]N?HTS>0Q`3;^6--O/"@)"Z^23N(N&^LIF=T5#>8 MS?33S2S#)/I\7&'TR%,GOFQ@?_2TOK`S0#.#'Y5YYKB=260&FLP+#_26K`/Z M;N:8I]MQN_*#C?,O7M.J/MFU45I%/C!:\[,ZJKT9YFDGE[F6FEJI"0`V??>I MH&M0<(U-,\:]U+OKCG@4/^83K;F1,P@Q'HT/O#TY&5&5P]\"?_6&OM/QME0Z M"3'E>R']A;L%(\H7V`RZ+YM-X-QM68#+=Y]B#4PD\%V7_B0Z9PUL"UBE=\YP M&S/M%#&.JOOZV+@$FF2O7;-=X&A]W97TM(+V7*."[E9_/D?ED6D8IYI7UIPQ MJ3!V-1VMV"89NP:6%K7&'X)ZFPYZ[5N[@KQ0=(DJ\X:D].KL_3`L(;E((=L>[O: MNO0?BY2$8HD'GY?O//KU76!Y]M'8LB^!O[[^`*UA7.]OX%X_ZB.L.I&RP=A' M9W8T-*5.F//1T2O$=/`\DIAZ14)6]YI8]L/Q8-63LOCAN;6:9E!D_&HA_%78_/!$M(GD)VV?T0]. MQISI6NH]%I'-/: M9N-]S-OHE&H,6T&"%#+;'<7*>@,?-?P%];V#JJM<5L M\DU=X>I.\>C.-*:"5YEI)K15G^UZOTXWFV+HK.OF^0A6"L>-^62OQ:G]F68] M-YD@P3*S*2P8ZGMO&ACWN#R<-#U\U@.SWP74X#X7]%$:X[V6H=99L:3G;'X^ M"91U=T[-.H?F@V]YX5=B$^<1[.-O_-6*!/2'[D<_V-Q;]X>S/3)'V!COQ$4< M?7^L-_%PZ?<>F/8_+UFE:;G0=#FH%_K3D7EWE5QE)PTC\D.X^\?YDO@VX0LF/\JK^Y0 M5'"]Y$*UT3P-6(7':6%V&0*9\Y%18W:L5M.^/M,E;P'CY'YUO'5UM4&S_*]/ M1S5&W5^>2IZ&=G#MX8*^B)7`HDKT>+YG+OM':GIRQK[)F>9\7&UV$6_QRS)4 M/2U79F.JI76N^#T5WI[-R8,F;O0_!T:`)4===#Z+)CHL5$PK:9C4#3TQ3.:_ MLK`H.* M-RG.@LM<^/!/OU`6H*H?^_M/OS@+^.?2H=0.[0>R(G_]Z6&S6;]Z^?+IZ>DF M)/;-O?_X\LW[_Z::*_V_V7@^U[5?7B:/\7>^E%[ZRYJ>+7\A!J#Z?K!Y2S7] M7Z$3]O5(H___R\OD4_XKXBV2WVCZM:'!*Q?Q+WYYF;STEY=B79DU`K7.L4;' M@RJ6&YB]$(9?4F&VO@<*]^T/)_SIU^AGT?PYCO'7_?(R M=Y1?*47%-#J['9$&V=?M2&O`/=P.;J'&TU%,U.IU@$Y'OC\1H<^-R+5FCVAU M(L43<>@DA.:!!\C1';DNIK<#^?[LMW<\'2>YZKY#OC^536%/Q%4WZ1Q-E-,7 MK(OQC'LH3HY%^?5E#W8GWL.MV!MYV)<]:/H<-"G'D<-;)O*>*+&^4+=%WJU] MYT3>;?F^B;Q[9NL^.E_>ZG/5&;]I]ZI>7R2SC5?&-I'_\?U!+`P04````"`!E M2G]&R@2U!TT#``!;$```%@`<`&YT8VDR+3(P,30Q,C,Q7V-A;"YX;6Q55`D` M`\Z>&E7.GAI5=7@+``$$)0X```0Y`0``U5=M3]LP$/X,TOZ#5SYDDW#3M%2" MB@Z5\J).O%0%-J1I0FYR;:TY=F8[??GWL],&TI)20&QT7RBQG[M[[A[[;.\? MC$.&AB`5%;SN>,62@X#[(J"\7W>H$GAWM[J'/>?@RX?-_8\8H[840>Q#@+H3 M!$&?2*Q`#JD/JNB+$,7*6*+CH]-&1\54`U*BIT=$PC9J!$/"K653A%&L0:(6 MYV)(M`FMMLV'7]PV<]%$TOY`HT_-SZA<*NWBGQYU?A;1:#0J)C22:`D%C"U71OFOFOW3)0J0R9*K>F&@=51S76LT[DI6 M%++OFA@5-P46/FQN;"3@VEC1.8-1)85[[NWYV94_@)!@RI6V64T-%:VI9/Q, M^$E>SPB)EB+L%TYAV`YAKXPK7G&L@@S1'F5S83B)J"]L*8P;;\FWM[;G);!9MW`7Z'I[U7G6GDPMH^@2=^_(:23>FFDK!H`,]9']O M.JU5J;L6Y])`WAT29EU=#0"T*J"$>$U/(J@7%`TC!NG80$*O7N#:IV60)!&L)Q>2]Q&G(5DPL^&<9A==4(ZV3R< MK!`]HKI)<6.%^X1$23`7F%;I2)(P+GFS9;8U&[YK*&6"IYX9Z0*K.PN3[OM0 MN]0#D!WP@0Y)E\$RDH]@6;H9\1IRGCF1?NK1_)LHYRQ=KS.$J^(P3+QATY7" MU+XG1?BH:FDP\015TU9-5!%9CX0Y2,@`Y*Q=C\"VR^G'.RG0)&IP_#LV;!EP MK1JZ2:2AN?_Z^T;U#/ M9UQ7\.IV/9M(GX]FY`]02P,$%`````@`94I_1@>I-5,T"P``>[T``!8`'`!N M=&-I,BTR,#$T,3(S,5]D968N>&UL550)``/.GAI5SIX:575X"P`!!"4.```$ M.0$``.U=;6_C-A+^O`7Z']SM!]\!ZSA.-FT2-%=X\P8?\F(DV;9`<5C0$FT3 M)Y$N23E)?_V1DA7+MBC)-BU2.7W9C>41^3PS(W)F2-&__/KB>XTII`P1?-;L M[.TW&Q`[Q$5X=-9$C+2.CX].6IWFK__Z_KM??FBU&GU*W,"!;F/PVH#N"-`6 M@W2*',CV'.(W`B;N;%Q>7'-/_O]/^ZN__UPW.^< M__[Y[O;HZ?KBX3][C>?GY[T01MA;"*'5DE@]A/][*O\9``8;@B5F9Q_'G$]. MVVUYT\N`>GN$CMJBC\-V+/CQ^^\^?`B%3U\86KCA^3`6[[3_N+UY=,;0!RV$ M&9>LHAL9.F7A]1OBA+P*=-E02LA/K5BL)2^U.@>MP\[>"W,30(?(6^@&@PER MB%2%:*;SN7-PV$E(R_;65,3*+3-5=$Y.3MKAMTEIT9S+W\23K1^UHR^7I%$& MG#?U"I-^B&P*J$.)!Q_@L#'[\^M#;[4_A'G;17Y[)M,&GO>Q$8(]Y:\3>/:1 M(7_BP?C:F,*A$D<,7-K@2&K_1]E:>VM,8P&$.L$`ML15B.4SJ!%C6NO;8WYK MJ^7"(0@\KA'Q:MM:\1(?()T*7FE:`]JPH98/_0&D.J$NM)O`&8-<1J@82-HA M2N32;Q?$"01]'O_?Q>XEYHB_]O"04#\<_?()8.Z@@U;<>@BU<.,)%L)=$$;R MZHWXN-`K?.$0N]"-^Y4$-+/4H@FO^OME70_/!\#/(*LA_N`R]-=H5Y*56DA1!+0#)%'G"2,IB<#-$*;234TDZ/S$+!!.)X&K#4" M8!*":4./L_A*J*_6?F<6D?TXNSS'^`0&'HQ[\,``>F=-A5#;,-3+OT3X_"H# M^],)6SIH,CN0?ILRX1.,BG.P5YDN7 MW9W9EH.D')ME.6+2A`K*:M-5U33?.N48)PJX=VD=P:1ZC]8U%%,+\&9SS&T8 M/RO,ERJZ0]LE0_ITNV4Z7])>Z2RM>YAND(\X=(L8(U6T&L9(9YENC`-SQG@; M%$2(!WOBS]R`82ZX-N24`'6(O&_*T&\)2K:L4;=0JU'Z1`Y)ZY[0/B5#Q&\( M4SE#0L!BM:?1*?8`ZB4"/&\;^,N1\`SS_M[1?+KU"(/N69/3`.;.P4LZB!*^ M=DK&I[D,<`[8^,HCSWJJ`//6RBX"I/:\>04.,6F]@,([PF'GGHX`1G^'188N M=A\#WP?T]7[XB$88B9$#8-YU'!)@CO"H3SPYEFRN4"V=EU+!TPQ4D[D.>G@* M&0\=HR>1S%;'V!.1:T=Q*,;&:*++2&MU6;YI-H6GR2"'MX3R$1B%'QZ@`]%4 M#IJ:=*]JO7PU%T"B2:.?GRC`##AAU?-WQ,?=H0AG$)C%MOI&GP(=E:_G]4!I M4OE1#PLQ^`1>M"EWH7C"-?I"5V.(X"4E6<(A^^ M48/?01[E4[*D+>X2;7**!D$X!T*ZN/(D?;:'.13S)+?"-[9'7Q4WTLK4J,=U M!P"[!$,W1FC',),!JRH^4HR"V>`EM=1HA0/D0*N*$Q2G8=01>OX$(!KMV[PA M>'2#IM#M,@8M&0Z*X*N*2ZS)Q:A?7`FDOP$O$$'3%<(`.PAX/2SFNG"SO1V^ M411C5?QC`SY&?>0QVGSP`"=BK+-EZ5H)JBI>4(2`4;/_!BB2C"#[CGQ!TC$N@NO&]T/G\9PY9YPKY.)/1-;@+5[ MMX4>8@;<)R[$N"L,TE_-NB+4'G?2"-YN]]H-40/N)H\$<`-/5@"Q$_@#&@J* M>^9M]"D1/.0(:\RO-D%IMP-MR@+"P:/]9#:[RA;LMKM+M2W8#[] MZZ[#T13Q5ZUNH06*-?M;-X:]@YV9BT[V!?)G"+$(HA,N^1@EYM!]6PD2'BQ$ M%A:&^I"*]AX@#ZC>$:$DL&9WDY9#S+#[='V9\+,(]A5TY5N>HI'9%BC!(RH, M6^$]ZV&MCO-LS,N:S:87D`/DV;/7-,93E2I;#O9J;@FQP2FV!E\5#]))U-:5 M8!LE0J4MS7ZR-EH;4[^]V&67W"5E&HCP[$@")2Y&2M!=EJG:BU M2+-RQ_W$\+]B-H&.&%NAFWEDDUK>FA.UTAQOP71JRM8=+Z+-/%:=JK6QA4H^ M44MQ",]7#`)7AI^I!S*E29@]^27/A^)S=U9X:7P<%*J\%1Y!P_U8S4`2G4D;'2S*L\>315&+59M- M,5V]Q[M1;\*P\H=#BBL[Z\;JJ#Z3?KHA3NKC5)=X"T0ZCE,UNSW;W+*-3O1V M+^/H9%HOZ]3+.O6R3KVL4S7SU,LZ];).O:Q3+^N\NV6=!WE2I1=M`;PCF$11 M'!XIR]D*<8N3QWRJNW]0+U\F,G)FW0'C%#AI6?J*B,4J3:=DW?-X'YOXG+!P MGWR,657H4\H;L466XRS4^M0TK8O(WLZ#B"`J#+$L9;7Z5RA9]QPDE^IDKN_+ MHUG^SEJVS+K#:F-D4MW](N43$5.,8I19_=Y*3:;0T+@&J6L4B5]9N!*:Y`%B2H'(;(E^K0,PS-7B-X)I=]%](TKON+JN6A-]TT%*G3Q%P.KB>!HA M\^6ZA)NEE4Y314P5L]4NL:K?'12M]6G09+UY?27:45<68[=#/'PM]Y(J"Z$I M0L:B<)5?Q&I.(U1"31DY8S0"^`L$SEA=4$Z1LE:1J92LR](K63U^VQ@LHIGT MO<'1*16+<8RRNKQA:>!FJV-%45G?TFL*)-W7`FK]YG6 M^TSK?:9V943U/M-ZGVF]S[3>9_H>*X5UTFS11#.'F*R4Y&;*"$66R&/9K$G ML2-:=>I&E7.GAI5=7@+``$$)0X```0Y`0``Y5WI<]S&E?_L5.5_Z'4JD53% M$4W9SEJ*G11/%3>2R"(I.ZFM+1<&Z!EBC6E,``Q%.I7_??L`,#CZ`EX/II7] MD)@BN_N]?OU#'^_\_B^/JP0]X"R/4_+#LZ.77SU#F(1I%)/E#\_B/)U]]]VW MKV='S_[RY]_^YOO_F,W0=99&FQ!':/Z$<+0,LEF.LX`L)ZGJ:K]:;`&;HD)'T("DHZ/Z#_"%\>T+^M MG[)X>5^@YZ[ZZ/2G;SZ\__;N[=G- M_[Q$GSY]>LG9X-0X"[,9XS6)R2]OV/_-@QPC.DN2__#E?5&LWQP>LDZ/\RQY MF6;+0TKCZ\.JX9>__XU4PBTE>L%F) MCGG$N>_?Y>&?%X6))&R!?O7K&HV8[^:';V:?7WT\C&/&HPNXJ1%A@3K.$R9 M*.@P1]\O66*+3X50\7N,L3J-S,H[9 M3N^)N;XM@JP`\-WH/QGG=W1[Q*-X;O2T0)T5>_88=%M_,OCHJ=\G?E;_^^:JXQ]F[.)C'25S$.*]H\,G]\$S9 M[+#)+FO;8CC#>;K)0MP9C?[G9Q-A+J]G!GFQX9ZQLXN.S,YC3&8?;Y_]F8^) M&H-^?[@EWV7X.`M1FD4X*T_W)O]!%E:_H#\:6"I;'(8IW8_7Q:SBCG=?9.E* M(\:*:FH0SN%^T'$>9(1>6W*ZQ=S>T[O*=9K$X=,=Q?@)I?J+`BRF7F#L6+(% M@=('7+"+5[K"Z'F2YOF+@$0HBO,BB^<;=H%!UQQJ*WJYBM`UW7L)W=+NXS7M M16]P."]\PYZET+I0'+28TR&3'G<%7F%27"TJX9_2ZQW=IX_G=)&"L%"`TZ(C M&)_VS$$@6E-!Z0*=WM,_X1S%I`;C'X)UFO\)/3_#BSB,Z>/EZ04JV?`-F_8" MZ\)SZ').A]!R;^AR%8;IAJC`J>\#QJ452Q!(5OOANJ3@&\ZL!-"%V(!%F0Y= MQWF.B]RPUW4:@?$C)PH!C!@1_?/H7SJH3,=G4;]+E,SZAFGY9+L@UD'!!K6D M".-7LTIMPJ&XB).?S])PPW;?8T(?SD5T#)5)A9]QJP5`U"5YH)=G1NZ2,&5ATKA;=U^GYO8@#%FQ M`@'/E@"[MW$2S:>$LWW1Z62T6Z1I1CY]#E82:7X'`Z`VX34S#4A^@T, MQH2]8=D[Z>\XR%Q>-9S.<=W1Y/Z_F&ZE6O8BJKWWACV90+. MVMO-:A5D3U>+:F0FYRWEX["('^AQ+SEU;7N"SM^![(%T*8(4P]*J`AUAH,NV MH`M*>KX`;82(FJ?9J"7<@X+O_!\;R@8SC:>$_C,_?HQ55@I]'W=J/1U+$!2* M<=%V8%^@-D@"2A6=>56F@]=;3"]NVQN2UI)PHL,3*_4;.Q M?<*"=O)-3%@(?FH5_0>LU\ZSOSM2S#=(04W?/JNZ&].4:[E[(@4\D4Y3$F&2 MXXA>6^8QP5'Y]+R]QY32U>+N'MMH*4<-`WH\01B'H*>FBRK"U6L="=+LC57< M8\^5@Q#Q-5]9\(4'@/=X'I"(WK6CN/1)R=?<>T,"4&53$`A-#("N+M78M<>- M5P`R3;T)$COA[\6YYC3([R^2])/)U*SMXM*A1LF0$U<:OCLQ$HC3\`500^2@ M\9`QK,R$7J=K^F@K8K(\?URSW=&$+G5[N!^JB1600VHU.*I&]\8@;#W_GF^J MW5I,!Z8;'"3G.4/Y,8GHRW^SVB3,:_L,KS,DUF@AE/XKP=QKFR.Y M0>L`?4C)FH?NL7_Z!EH+*75Q:;UJ4^[0I`@2X4Y/Q9U6)XAR!U8T=[##ZAF! M($Z,708-<%C5P_N&*I,8^EN=S8(`'JJ-UZ]0X4A>J/TVH*>IDB0$`\TX$+,* M;3)VBSI^#5)-9^!.J6T),@BQ./Y)\34_N14POD3KDJ-O#%2TF5D!OC'+P`]08WC<8 M&270TZ_8K0;@=+S:%"S8GZ6>Z,2BT`VO5GY*CDS+CJ!S=!AS(&6*%25?\#1< M-LT3;&F@V0#R"]F""VO"@/$LS- M74DG:)<]!&M#I-]A/)8"DZ;7,"W<'JQA@HUW=`\PV<$:+=U9P/KD0;'@=!R! MM":P2I&GQ(EFQ-$4M/H1R#SV:M#KRT)IRE/!"7`U>,>.M(2\S=('_!ZOYCB3 MG/V21J##74T4EM6`CXKXL+XLMWZZS=/7).3I-KHMS"[H'$Y30K&WH?"[JC\F MVB+9L%?/-;-:I.2X$`EW6$3*74JW;"J1@HHFX:`59Y1BK]P1,?!VNULAP,*1 MQ264\?9";'E;]M"6/YZ24G"(2A91DT=4I*C-I;=)D7:[&-W]=@I(NK'"-'*/ ML:A_KBT5>81DZ1PL.[JRUU@PY\J(TR`E,CP()7B94ZG0/M7V.SMKFP]DBGNT M!EF(26$BLH;HA+X9<1[2I_\FP[9*-5T/N&^&F1U0@$%:^*=9LYASS]/"=@WV MX+E++WWXDOYH#)7=-G3GI=LC[L0WUW66*!B[VC0H]="^H5P]9Z7;L`(@>\#T M';L%F?`L&KG#$UL: M;ID*_@8_8++!ZCA1:5,W-@8%`R`K/<_!7:H2')_84)ZU9W:3<=^^`]W$I<8- M+5SV$9IQN5HS_:-N?U8T=AA6(6-B9T$3!ZA)SC=$Z86BCG50+PW$P8E!UL8' M6-$0YL"D)0[?"OWVK]7/ON629"'[Z7:6DTV<,#TI4^$T,?DV4UM/]7W`^XP5 M2Q`\U03X9:Y)X@!Q(KX`:Y!$NGO-@%4";#D?2;")F-N#TC;9;0':9!3D(&BH MA_1EU37S;.XC6KE"$@>OUD&<<8T%!4HOO%/:!)8>6$$09(*KQT1B4)\65S7A M5HY];5@OF+D3!.1(C;U4(1>RE9_^%CP/)7CF49YF1?WD?I^[Y- M5KSXMT&\48.R3S`;+;96=DO84CL!:C/JEQUFM=;A.F/N0Y)R6\/[.P+H`%9= M@;-)4EQHMKG#MU3]!.8`<_6Y$%-/U0I>:,"&*W2Z?&-GV1;H MT^$BS8:6D1@Q"&CK'<\T!**"*H/GEBZBA-'G5+=AO.B:>S%TP:>V>=T%CQ)_ M`ZVI2]'%D85+SQ#4/P1]BV:5%8%2\NZ*.(ML$A?;6T[-[D#PD,!R\:OL$9+E%-VIB6,-1 MTG4'8%0SZ`:*U?B-$BC^(U(M%#,>3#0APRE']RV1IF'//HV5;#AQ@.11QU?>!E`:1""_U!N68F+'LNK\O`Z>>"TGGJ`RV^"H$?N@ M0)9]?SPX:LY,5RWUSPM*IO- MW(!/0M@)QAI5XV:]_`I>@DPB"2F6E&NPJYH[HN(P*X*8DMLB#7^YO0_H\C82 M)'46V;(3J!J//5,@!V]13EJ009S.`1*44(.4+W@:)IAFV9ZARS7A=1XOV:%^ M@]?,*PUYQJEVXZ;'[`Q38,ZQIGVKR6'TDON\3X<-,FZ'--TR/%EL7V\`EWQ/&CQ-."4?T?&AS:8-L36^W>#:SZ1;%046/ MW0:Z<$;/7[_^O3=Y1D;*2PM?VW6=NCBI`I.NS/;NS/)W+)L-"IR55!C/H3:O MCBV;^\"SWB=@OS9_GA%FJUK2!7%)F$W1PT#((<[^IAH"?$)\E>2?B*W],K+JF9>YOFF9Y4WMW>@`32PXD#YQRC,?F$D M4$4#"2*^0,A:&GV-G]7*3/F0%E=J>:YR52L'CV(I69`K>CED57;2%ZP8IMQ_ MWFI$O8?\S*:"U7&*F5[=[F:5:R`XM7K:J5\=)$-T%?+J$D0RES' M^D792]E2JP!&^WXN"Y'N,%!16W%456W4Y>7?S31?BVD2O&3=52^#?Y?9EHM* M/Z8XC6X+^HIU.^,#=(*7,2%L%SH)$J9J]UP(Y\3QHA^@U])PQ?L MV,NA:6L;LBK3'=P?\:,&(@%W:J MD4T?P)/=]0XB@F+^C_2OHHJ!GP+@1BO.PDYBO0RN\]@!7@ M`@\9<5>AKE.YR4N"#L5Y9[W0DT:F7JY2I. MV<26BY!EO@^WB/B&2TMA*`*9[19IQP$W]#E#6;DD$7[\*^ZJS-3M7(35R$F[ MB*01(R,^-*)C^X(;X^0ET3(ZP0-4IPTEK2H+=Z\)2#VJ(@B+46^HV9TYC4&Y MM3":^,RXQM`QC.VI%<^JJ3=5S7I,0XHJU@D=CQ]CV=?4:0`KDB@E!OF2_,S$ M*9]GJ]Z?1JK`Y*ZA-*WL%D"2-;;J!D[E:LL8R&I?TI&G%\[8/H`Y,9_@,D0X MW7RMPY9MNF=`NXHECYJ]3Q,JTUQ4.E*\`XS=P`\!6\;@[N!)IW)I%4_PAV"= MYG]"SR->U!.3\.D%"H-U3/NXU%>YG*B%5[GCV>[C660KL>Z[:!AHIS7[-:P_ MQ\5ID&5/,5G^&"0;U4O(B)@&]4@3)=2I*,)IR MQ=ET=5?WU()!R!Y2^K:AVWOLT6MQC!24A5*MUVE7FKRS--SPBJUT6(D"K_5G MD-Y.1@@"CFH\Q`;T!1NJB39575HA_U7+G[R=0*-KU`+\X! M;(%BB3D9=CKIHN"]V4$&2J;YVAR\8A->=-,5Y8GG;F1.3RG/ET^?&O1";I^4 M?N`@\(OP**9!6&5!GG]$,]0BY@LT87+IW:\`J[F3Q$E,1;,D\:^LW(C<%CJ\ M_X[2*VE8=9)Q:15$6)IVB44@EY11D%=.++X`=+30[/(S&1=XU_>P"_I=4([X M(^N"_JY[;.O;.KFA*5EPQ`$T-%)>I@9(ZP541/-*CB='P!1!6@FC=WNT68T(#44`BE1&(_0EN MZ&D0@$""C>/+LLOFUK-&]*0'^-ZKT"5V@X[8E83^L)K'!$?;=/E7BVVR_(LT M4Y8W:VP-3H8%[2(N)P8Z=RH^4%@Q0G\2G*"\59(@K9E!BS3SO`J>2_DV]S'W MR)ENRSL)\CAOEO13['_]=N#-4$D:IB2G@S)D7E,.J."]*M5LG'EWWS1('5(! M-"#!DD/S`N.\70Y(LCEJF\.J>EHP`@'$=GRTH`30#"U+G^BU7V6<;(71JLAI MO2Q35U/1Y4ILMG!4$<69&ZPH8>AG.D+)5.7%2]RZ8[)*3WS$"QPQ?-%K.M^7 MY,\K>5/HZTK+`/1Q)5:;[@SE^/QM-6<4?$&`C10Z+RN+=8"XZ&ZO+L*?Z(R[ M4G4-\=JF,+==`P,@!]Z&]E<,CIZ7PVM3[D[-O]8#;NPD)O=+-@BBY:%L!250 M)$?39_4$%Y\P)G?WN$'X5I2[P%&MO3@F$6TR1`NU$S+`B)+=31P6E=+REYX+ MQA`]Y9JO3.'/R6I("0X1V:K,F/<6:TX^(RW:+E>C'<&Q:QSN/7Y9DGU!<2L= M,,"$"3MEL]K9_%2XFFON2OVV3BY+2A9[\;S-+C;>SU1RQ2+1H,<%]W2250I)=)0U?VAXR)MMF M2MY!AF27F9%%!,XV)<8NTM^`&+>('QK&_5Y40BH)*',Y[SN',SUZ%SC/Z7TS M2)C24@'S7C,PRE6$0798O*R2:]0J>M\@HIIW%R%ZB>_6:>2)Y&Z+-)6,@G3*C MD1]6]:'\@Y.E#'KH&K0Z$SJ';_*8X#P_PWF8Q6N>CH-$I5-RT\':%,<^8B"X M>_EHYD'^H]DR(/&O?KJ=CY9(SR\=N)Y3EKI@QSD/P;@D9WA>4#[?!]DO]#RB MWYSP(KO%X2:K4J6=TAL]O"`">!^!K-4%W[ MF__FQMO:W[L69K^>Q!2PVGOQ+^Z@T*V=H?C2!@VQJU)@6H:A>K^H'(\55@FG MRA^XBTEJ+>U.9KJO''M#I659$LT"Q#`E9XAQE%_0Z=Q2BKDV?](EL0F>A8\) M5:.ZF1)0[\J9$,5@Q!3>Q&PAV]LLN/:;IC M_3CZWTUY3;E+*TMAVU7\+G5396HGI,#7A%T*`&20WO+%DEQE%6>(G;Z7I7WQ M';:YD`J;G M?O0MT:#=I*7AZ`;13ZD+%%!&,1H&"2T+O[3S?:7Z=)G&H*A]EUQ=\J@QB$0(E1@AQ2DQ_4]-"#6*^`&R4 M;+JGT(CU@SB)E18PDK*SK[)_K64`,S:'.8Q9,`)R&_/&5Y@^F2-KA;T MOS%9GJ9YD1])+GF*AJ#KG9XXS-5;C$Q?!V)H%+*QN4]'3`K:-)Y[Y+MK%D;S MAF>S%--M:F=X3:^9(A13L:>UFH"W-!E!&%:VX_D""-U?&JRH'=>.2SBX_JRR(8)MQYU)D%/;/9B#YW\.GAB3TN= MQ:O5SHVQ2T8:Y"S/DRWS45$YK"\`,U6+?3IT'*#DZ!T+'NZRP*2,P^?E`P(>1@R`AA9 M(]@%*Y6^03/4I(5^BHM[=+Q8\"P8]*++N/$H?!T@JRY41Z_MA&=B(^#JE+*6 M)G$4E`%)S4BDAO9^6Y5E.P_:^C9>DG@1AP$IM@4WN'J?+J[I*YB<#?B)OB?! M@;_'(_H]-IGG+\O;S6H59$_,)-5@!VWY015#OGVF^UJ'W@5FKPB&9,O@X4_, M#3IGGM(VI;X,/6"Y-.S8`:76$/G\8X)83B"&^=W%$+B8CEV$P'96C!:6S\N7 MKW>`:%K)188@;\+"AZWP`JG.0=L47AA1PP#D2RG'K1'D"WQLYMTKHFB4_)2` M">;T^FL1J"%KZ0`N2O(PM-3#>A?>H)ER'R@&D4]3M9OYX-G5[-ZV=%BQNT<> MI*CNU.OF'I.>5^ON"4!=JUNQ`+O-\OICFM"K(;VT\SRS,I3(VSG(]JH@#;J3 MB8RO]<@B";!7\-#.O9_Y52OW2>.3ZFA(61ADG1E!<0#9]W<1W32,59BO?S6< MWV&RHX4C"3L:LY`3E0,[7K&';BZJ(W7*[ETMZH)\DM?H+JA,5@QLX+0A@!]9 M"RP0'-:%P'I%'MD[D]1E('WY;':\$&/+@(T"X%[2/5$62YL<"45HB&!M0`HG M\Q`NTS)9,PS6H+Y",]0@S,X/]G4<1P^LID^.[M+/X#P9(SE-7J6!:[WWPG:2 M2'(%H`<,L*O"=AIFH0Z1QD0%CITD=S`]HP6[\A8HNOYAY``"$[[+RU615[-4M8*_L>5DP<&Q=08J3?5# MIZE%QL_#HG(=<#)[T0_(!=+3`N@`M3?T&XP@JM:NOP:7QA"+:J#>&4D,XC!@ M:5ICB5"REINX>%[3>PUSJ9!:3+3-':C$]8PXT(Q7.2=J"DB0\`5#MJ+H*\IU MB]*&UL550)``/.GAI5SIX:575X"P`! M!"4.```$.0$``.U=:W/;.);]W%,U_T&;^>#=JG8<)W%WDNK,E)\I[=BQRW:Z M9VIJ*@61D(1M"M``I&/WKU^`%"62`DB0HL0+AU_RL"_`>\X%#L"+!W_YV^,L M&#Q@+@BC'_<.7[[:&V#J,9_0R<<](MC^NW='[_+'^5_O)<_RM_-GSB93,/!?Y_^S^#UJU?O]E^_ M.CP:_.OFYA^?/_WO[;N;P]/?WGZ^.KK_=';[[Y>#;]^^O8S=B)\6N["_KWP- M"/W]@_ICA`0>2)14?'PQ#AQQ(.7C$\.Y#/>'*2&+_[\IQ]^B(T_ M/`J2*_#M36I^>/"/J\L[;XIG:)]0$2I424%!/HCXYY?,BW%9/')@M%#_VT_- M]M6/]@]?[[\Y?/DH_(RC8Q+D'D/1G'A,42&K.7Q[^/K-8<9:U5>3B+4B"RH. MW[]_?Q#_-FLMJ_/#I7FV]J.#Y)<%:U+BSI)>&=(?DIAR%N!;/!ZHO[_<#JN@ M'RB[`^+SKV?,BV:8ANG?Q]0_IR$)GX9TS/@LCM>+08SG0_@TQQ]?"#*;!SC] MV93C\<<7-/3(Z_VT=A6*OUA7?K!",>=82+/XYY?R![GGXL<04Q_[Z9,5A)9Q M*D\6K@3,RSY]+U!ME_&]+.P]#6S9[KZ6/>-X)$*.O#"M*$`C''SH?L?O[KPX77>@O\D=?D\??X@E13Z7A9S3#!8>-9ED' ML_$\YGEG$??2*N4_XV#N&5O\PN)@+C63AOO>E`1^6GK,V:P&@:D3K`2#%&SI M#9NK@BC8&S#N8YX,!#OA/P5R+ZO5\)[[M6-\YZ'I>7Z]:YYO,"=,8O#/4%A& M>-[.4>8+8/4A>+.K$!Q+EWSEUD6`)AKJ\[]WC/(".#W5;W=%=>+VJ72'HV`H MA]+'O^,GHZP7[1RCW@!6'X*C787@-.(*Z`41'@K^B1$W:X[1U+%`F"'K8_'3 MCKL#F\T8O0N9]_O=5((7UU&H9M?J7<_<-\H*.18?&QKTD?IYMY&ZB48!\2X" MAHJ39[V-DW'(@=33_FZWM%^0`/-3V6$GC)M'B[R5D]07@.K)?[]C=4K$\Q;/ M&0]E5[R3/$;"K$MZ#5[M=O`_,J"2++(DU9CCDC1SLE0K($UQ&!G M[\>)6[_A(/@[9=_H'4:"4>P/A8@P-\;"9.]D3(S@#;'9^3OU:L)W(7^BZR$F M2\?B801LB,3.7JWSCB6O_7:QR-HZ'8T<:$,\EN_?OQRL@;R4/V@AR7Z"`I6O MOYMB'(K&V?1\+;M)F^>?N4FK'2,QBAM`)/8G",V3IHN#4*0_*;;AQ8^_JI$? MJYA>CR\(E>X0&5@F2$DZO5;1C3ICQRZ&@M+9\TC])G%F)QBSTL71X%^!-GHC@*EIJ"CX@>X):6 M5YK'X3J<8KYRTQ2#-3/P_*\#V]*ZRH;<)TC*:%]8N,%X"F=+*RN;#NZE@SI\ MBLO9/6HP7+,0!9T.UY<$C4@@)RRX:N:ELW1T^J4%#7-L./8\%LDIQ0UZ4CHJ MW_SD3W@DV]<*0ZEZV93O.(PE;7!=X*SX`#??ND$\I')N?BK?+667K^AJ)FM' MNYL1/+@IP2LHMUEHU2!'5R7NB0S$F*_5JS*R[@3 MJPKLX(:R@J-VLN=0/-;PF97-Z1DB]>,=$5,62#Q"93S"XA*X=3%'![-J.LSO M7AO&?GOY^"49XGI\/9?#0'S:HG%BWE#=;C+TAH=WTWF&5#J)ERY5S/M,UAWU M_#L4J!S:`Z81_HRKG#=9=]S/*R*0[=I&O.#F/D,:8DEEF(!;M/*U_7E5UETK M<'GSRD;&B!=<9.*7U`*RLO?SHJD[,=$C-4\]G5O)6C:S\\8"SR[Z,%SBO-.Z:\LNTHTJLQ@Y.WA8,J[>;/"(W/ MB(7D`2]@EJ=(C*5<")8U`^!>OF.AOD>/"P]/)(`Q*1V4UHU=BI`)+[ALXPUG M8RQ$[(_J_::T2-',I6"L8P2W-+F&QW9\=RH0&I3/:!ESB2Z9ZUR:M[/H+!V< MGV5Q/J-D8ZS=GQEE>9QE@Y7&VJ%XFO"VJ)*&V?;BHA5QA7Q\S]15),NUGRF9 MWV*/32CY`_O'0C^Y:U8'_-`TY&9+!VDW33TJA;B0%"3)Z2L<3ID_I`]8A'&* MM#016546?BQK6`EK=Q)R8%;.8CMGPZ172"Q9"F[IWA,?$(IM[38D/&YBO95D_9 M\0*WE4^='U&KM_71HF!7J^&I9_=JXVF5^XE1UZMYUE'(+8,7@();A%@ZF$SD MU46AC,;GKAZ):2PN+P,E3KFFI8V)'C*X$.6G=E=X-EI;PBLUA1*0LA9FWCR; MX@47EOPP7AH6K:EK8='C!;="5X!SQF:(4$-<]+:N!<:`&-P2W1*8G,/AH?QG MY?BR,H02D^I!)0,.Q/X=0\;:.,G59*;-ME#"LM:BTN1S"`2%]X MV&FJ3"T/D[`DNYDQ`!TX':!GWY>^'L(.2I7S[:V^75]=/7$1L&_M M[-9?U;;[S?JK9W>>LUBZ8I^M6"_27:93^2*%Z('(N)P\?1'8']+ESH%C+R0/ M-@>^&U0$10U*(EA(>-:F"MP[G7-KA,T;:.WEPP[#]2P:R7:"`"Y_\"QV36VSPVRPY:J1A%1LN=ITNY436ZVV'<\& MA&[_"$N2UQI2A>YZ7'2J.#S;E/@.HEA)&KBTH`3/,1+X#"=_#VEZ+\WJRC/S MUKKJHAW>,6O9@@N[ZRS8`#=#6W?[+,)J?^#U>$P\B;=POG]Q`;MU7.UJWA%5>NV!9_ID/Q@T(!7>:R]"* M-[A';Y,:N]_\5Z]G6.C!IC?PV6;6WR=98HHG:H]IUQNZ+7O5QJG4KEM,:\DY M:\*>T>DU`^SDC$D+J?>RBIY'ZKV4JNV_OIOS";6R,5T'HWD[K$ZL[")/)AWW M,/;CPUKQ#3-R!KNV`3V]$TBH26YUGF7S.IT/:@NT;KZE`?ZPKF%T8YEVN_$T M(0S<6Z+R7$Y6"Y_J2#Z(5)SJ&N)=JXIG$?%ZI&WMYLO^,S:@6D3]3]TTN%0$ MRA;%+;2$[O?-[:(MF#?8_01]@]T9$5[`1,2Q^H[0X36?($K^2`)$_;MH-D/\ MZ7I\1R:4C(F':+C(BDCL-RQ0&PV;[\=KY>&[V;[7BJO==.N5Z_>2@Q/YI-\K M7LK+2G2U\2-#^"FC0E+JI^S?9,*>N>-ZM>-RA4?%JBQ$2[RF'26[=J-C];1H M.[D=)SN/4L4K^JZ$\W7F=I4AC:],-*45VI++6H_L0B1K.=A+XP;K0$N:)CUH M0P^&]`R/U$>TKQ#_'8>*V62[Q!V6/2#]M,:/&@+I3*PJU>M!J#N,5! MRN13EFA[':I3@UO24HL;(&IQE&S4ND>/K>E"KLHN%"#G0-_7-[RO5=)89Y)1 M4L2MWER.'DCW_>F4Q1D73%M,\!8J[:(+%USH.W'SQ2(VFY'E>W6.5OMN7;,2 MMSIZ78:`=/V?[Z*1P/^)Y$/.'Y3S+?7^]7J[$(!U+WH-:'Z/1('+JNYNMG>K M9Y?@!M*)FRU09@N!6-S5.N3.@J_6_8ZNGU*/?[+5&I-U1SIS$@E"L1!G6'B< MS!P^IK M6$+GBF>31*W9.:1`ZQB=%AC#GF`(&E/AFCLR4P&D5YJVMO_GG:RW[[]0UAU% MLN3":95*/N^5E=T+QE?+T9K332`4;`.WW5&W#4!^5\IG^DYZ;?HTYR$;5`)? MX)JRX[32?1'X>GPN0C)#(8:A8@:7W%$H`X#O2GW:<3[/I,'G@A%\H3&AN;Q M$W5W#IE,X$?E2XYHZ&5`#I=23XFE)$F>I<*45&+2DU=T-/ MRA$[K2G#V1P1GMRH=\G4%[@?U%WVZCP4"&&Q\<\==;%!\UU)3$MG&E:TAMKB1*Q>67?TS)(+IP7L#D\4F%LYX>1@;OXR.N6.1!DA])I4_S"*CLLG MNRF775EW-,F2"Z1@7V3]EL1"CV3U"@;.^F&*M/=]]/ M\5J9>\5!%]?Z;>`L]`L!-X#6C1[%#U_VF+MH+L.OD%8(4V6QMA2J":$:W6I4 M3<=J9AN:5-::4>6@V*7;N?PUQ*M;6:_'BV\9,2HN&(?8E!W4Z6(M)C>#5*^^8LM4DQU$)\V*$Z2=WR>*Z_EN,`JGL4L`[ M52Y+YUP0+$LHO4Z9=*J*0(,\519S4)6JJ7!4C'PML&-/RF\4WXE[AJ7/7O(+ M`'.J>IZZ(%--#:E:3)"#29OB0Q7*-3?_KQ=?GGEK5 MKE9<`?0QD'J.]^JC51\[#G6:8UG2-:6Q)02(OF0OG\]KXPD.OV%,[ZFF2.T][@[FL[Q:'$6]W]K0C9[O^",`6H?4JIE.Q;1"ND;RM M/,8Q?=P.U8Z+Z?%,;8X2"^AQ+WXH!P$+:WGJTM26@]9KZ2; M*JDEWQL*J>U3GK&.6A,-1$8WOQ7]#(>(!'`NF4_]<6=[KL[[CB3/A"!%5WU,T7PRDTRG+@EU+3]5^7%O\3LM'XQNA(&C-QLZ[(TP;0_U>5>QS M-!MA?CVN)V$VI:#KEQ5RI\6KY/8%"/)DX9X[`F0!YGN5F!4U2IRU6[G63*"+ MQSHF($JQ[6,O[0K'KKR%OOEA$VS/7E9:.K&=;@B//Q'1AM=ZVXS#H6XXV!GF(+8;",+1^H2CRU>SU"JO)K&9D+5I` MX5+7&-+!=0W5]HF\DF[Q^"X5I=D8&_DT&+I`JPFCGMW7'2K&`L07*N;8DU-N M[)^Q&2+%U=-J>^AAL4"LC\X;`'HN9T]X*/]9*>8K0RCQJ%;R##AS_QA(#&/, M.?8O$^A&'V,'9?<3.+;L*G:7B/J&:,6_@A*?M::5C5$"`MP\YR22N-1%[NJ0 MSFS.V4-R_O`3EV^(!M++RS@1C0K8X`:7U4$%NYW0]N6<")<%?/.(8ZMW[Q.] MHWBB:F^H>*9EMW"*>>8]V+@=P&`(.DIE`/5A>=OB)-B&50<)M>;RJ,&0SD(4 M=#JDQ\U%Y9O$#7HJ26VLVX$.7`D\??!^ZFY(B7V\)&A$`J(YJVPTCA"I#ZF&3V=X3#Q2S#&6FH(FMQRDGN!WNU6GZM!D&H6<^]4(5%E!E\)6 M2H`^B.\W#R+$E:0V[F'I;F6I3>^AKS2UB;5?>>I7GOJ5)QCYRG[EJ5]Y`DMK MO_($+BS]RA-4);]\EBM/MXKP(-FC_9E1EDPPZ<28;3>80XEC:<[$#';[X\GY MXUQ-ZX5A=JPU`4VJ'A2XH>,Z#?(I$_&INM1G4S;0:-]1-,H:3RXA:`8*[@U@ M^1F)Q$5#*(I6P`.P!@I<7\BN)ZITQ$Q]&.:/LM75LA+`PU$*ML4YE$'O[U5Z MT*`UZ[\'RJ4&2(O+G6UI27J^[$)B.F7J^$3'AT)X3&J8G$&+ M#W$S.1'P9"')E'1MDG9BHR1MY6&@!_IM$UW1%R'FU6O=`MQ=`KV1F]`SY8U` M]2GQ/B6^G92X:3UVV00UR6V-`9018"T/H@.S??JDVG@LH)_4MD5CYE5CU.$\ M2A_QE$(=H!TDL8ET=H+H"4;>U)S!UEB!)5(+J<4WK18LVF1RI?BG#'H.%8!W?YB48.N\?40-JD&G]M;.$JZQSG- M7DL"-1-1Z^.4$+;_U'35A1Q%(V!]PJ)/6/0)"QC3W#YAT2^0L^HU`'R/-(L;ZX8#R=H$O]' MOKEC\J#&EN6'G/2_/O9"\A#?X-9F'J4=7[I(E+3C>9\)L=N8RA`5*Q9/V6R& MN>R703/IOYPU%R`OT>/6)1YXOJRX_0)M]4SWV3]@9S6=\M M#B/>\DK-KKSM8@ZR*VS]+,7*X1R/!F?S-BX(6P$5N,6:&\X\C/WX-@S=QXJ7 MRYF&B-B7=R%:-=C8_@8,H[!H9GMF6\BT5Z#<_O&FXL/-G^NVX+RDL&M!*..A MXJP4]'E4\9DHAM?,-\1\ZZ-(NJ":V?1%DYG)`F MV3,XNOH]9$G2H-G^CH"SQ1OD]5C^G=Y`>:C1?8,A9$++\&U_(K.:-ZET3G7J MJMP>.L\5:$%<4F((5-+?"ML1U2>:-$$RVT(/4`G*[7\&;SFP%88\_?Q2;PJ= M8#/&QH>V%[]1?XR0P/(G_P]02P,$%`````@`94I_1NS#!NRP#```FY```!(` M'`!N=&-I,BTR,#$T,3(S,2YX&E7.GAI5=7@+``$$)0X```0Y M`0``[5U;;]LX%GZ>!?8_]W5V@#0<_'Y]=:?EQQF/0M&? M8CQ/"DRP&.OL<0(4&Q[T=X?]_:$IH@"X,BF1X($*#@=18I+5H^S/(C##CQ\_ M#G2JR>H2NBA2$&=G&CP,(*$`Q(1Z"W(9GE,G4,VH,P_WTJP5&M`TGL1\2N17 M[!,QQPZI6L.2EMDVV1^HY#$6I(>PE)R.@4*?`^Z?DPD./6C(D'T+L4(3YA<$)B*`T)]=XR!K5*S5?V%__,Y99-`__GN6*$[,A!O MR03I;CE2#7/R1E!_[I$W\;T9)Y.3-TPZ=*]OVN"/.2<[`-KDX8$'Y4J!J^0! M%!&`64.Z2FLV(C!WEJ0L\0:$!'/")24B:>`W@YIT+RN M1E"$>*U4QL'>NLI`$2?T&F:T0?BG@I!I#!9WB#JGKQYS0JCYHG;)WU&?MS=W=T;[J(^2H'` M'X4%#>$BBP=AYJ(8$0HF*(,)I:"0J?((I;A4=H6L[REH*,*&WIJL[XX'>5Q9 MN*$@[HC]J*_S)BLN&6*0%N!CD"Z"C&CC+@D4&/WL;X.W:7L?LP:N%[_$3$+7$"YE"/:DR? MB'PDA-W/2*9I[V[)/.#0WJ>^ZC#%)IW,;=O6+N'L)%3#T-[@@MPD/C"!^2,Y)EWC_Q/!#_$HC'0!&.D&KNJ[PQ M6(BNG]!8P55/`@.BX]@>1Y@[OM9KC4_'T`$!(ZZQ#`V%`99Z+"P?S&.'9-Y"QP1Y,T!0:BE^P!6EW%7Y?L*@#M,L:B(0YN@,/&T?<-<32" MJ[)FD@$Q2B$CRI`&G36U'9,;8_(9%C/(K'XNOH7T`7O09`VQ=45=-D8>-L1( MA447TA<95!WCFF)CH8KN.B*"K;-76MSVX\ZKK)M%4SC["M(MN3W-3\Q"XA2,')2%;G4.DSBO6:#34-E@W],AH]N%W MT]7:]E#5&\49=(J067RZ<&9M*H78#=R729G$Z:/)V0S#6`U88=KY'-0`S\^< MYS,0(;&7DFJ]8C9_=9"?"TZOH6-CX8H31GRTA4-9&%/-.Q17U/5KS9N(DJ@W MVLFS$`1#Y`CR;HD,.5OAT5ZK>IO/:WHCD=HC1"-!9B]1YE84?2,P1'IG$=>P M.R_9T-CQCDR5`8EHE+E?[Y"PM!:;#VQJU3(&@Q(TW<"M*7;5RR*K"CAZ3+<8I MZC_V+O3L=8T3_.M49YO`+]E`N\'0SXF'?KEP#>YP0(:(AM9%6"O)=W`/PV:A M)FX")GZCC6C&:S+?:K0DF;;RNAQ`%<9`4C)1FEHE$LN^O0&JS)TK+= MPAZNT00&74TN'VY2OK@>E-.T,-J!^]G M+W@4!5-+"\DV2W)8.H6DNT;O$M92NDZH-?#]C"G_%7LA1`>?*8,'@F+OD@G) M0[^Y_>A5*[6%P25S01N'P0H;TN!4]@0>RN#KXN$M'"EOY,ANA?IL/JJIPQ$K M#Y1W'JGQ$Q*-\*VH`AO!7N=\1,>F1MCTBU"KKO$^M88\:4D=MGU*)2NX&W,* MH.AE7`.F\Y);?S%`0TMZ:]9N6]$K,7#;>S5`9PNWO`S=S,LLUJS=YI-+-EYM M=Q&ZVQ2SQ-K`T:,U\PL=K]REZL-(%,K( MZCJJ<"HI/650/)>42;=UQKY],BF5TG5#!2M?Q19;(\Z2TWQYB]EUQBNM+=:[ MN[1B;;:YO)*C$\VO+'9NLUW'VNIC9HUH;,RM=Y6JWD-M';D;>0-5XU;HEM!7NA#WG$`+.K3*?/6KU&V;Z2DA M9`T'1Y9]/$YA(C>#LYO>V2Y'FSC6M%[5-I-9__ZVES"T\]I;.G/7B`%=HU[; MG&/]`Z1U3]UUAO-EQXG7/"!LG=8J88'MR&_775O:85F?J]N@=INW*]F[LHW] ME?]W+N]XD/GD#?Q9^![.,?752@^*OKNDVD.E6+Z]H_[US0=X^NI6?[C7WQ_N M/`FWAUCAQX-*OMXS6!=`_I-%JOJ/JOKA^TK5+WWR:`,$`?NZ*8C,AZO6!I+Y MW)0"<%A6=>'WJ19J6RYC_0I6"3A=3V'!`?&D,'?ZJ:@(\0HHUF]AV:#DRZB+ MDLKC;T@A/!:28T>>]"0/"30F]3QE"\Q__8&>GOXVU9%ZWPV;7DKBJ\<,H(10 MF$K]!IPO/`CG)B.%+#T474/X0@/W7HMQPVC"K*=LG)%;6S,NV- MY?NOV"'+A(>!Y)APJPEG95HQ^<\]X!F%TVB0_Z,TDM`)_V>@=<$:& M*!JERP(]2,X(+Z5?66KC\;XKCUP* MP@7362K7PI=1FOO;Q7FECNAXJO1#S@T6I6S9 M;5-G1J>8?2+8F>5\=E'2UKW>6ELJC"IK%FJCM4GWT2_:F>7[K>BB58!W])BU46 MW8YYB'Q0O)(]FU(`^A^`W:D)LGKGQW*XRB>_RC2QE6BCGX4A!^'0?:,)_$*\ M?1;`F'^8K/Z7I+91DTKK:34LG;VV7M&CGG.G:K25S-F49VBC/HGURMFUS!-5 MDJZT.1Y$>W'@\K]02P$"'@,4````"`!E2G]&O*?B=NAT``"N5`@`$@`8```` M```!````I($`````;G1C:3(M,C`Q-#$R,S$N>&UL550%``/.GAI5=7@+``$$ M)0X```0Y`0``4$L!`AX#%`````@`94I_1LH$M0=-`P``6Q```!8`&``````` M`0```*2!-'4``&YT8VDR+3(P,30Q,C,Q7V-A;"YX;6Q55`4``\Z>&E5U>`L` M`00E#@``!#D!``!02P$"'@,4````"`!E2G]&!ZDU4S0+``![O0``%@`8```` M```!````I('1>```;G1C:3(M,C`Q-#$R,S%?9&5F+GAM;%54!0`#SIX:575X M"P`!!"4.```$.0$``%!+`0(>`Q0````(`&5*?T90#L%EKAT``#IU`0`6`!@` M``````$```"D@56$``!N=&-I,BTR,#$T,3(S,5]L86(N>&UL550%``/.GAI5 M=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`94I_1K=7R3'3%0``X)0!`!8` M&````````0```*2!4Z(``&YT8VDR+3(P,30Q,C,Q7W!R92YX;6Q55`4``\Z> M&E5U>`L``00E#@``!#D!``!02P$"'@,4````"`!E2G]&[,,&[+`,``";D``` M$@`8```````!````I(%VN```;G1C:3(M,C`Q-#$R,S$N>'-D550%``/.GAI5 E=7@+``$$)0X```0Y`0``4$L%!@`````&``8`(`(``'+%```````` ` end XML 50 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Method of Accounting For Investment in Local Partnerships (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Method of Accounting For Investment in Local Partnerships
Method of Accounting for Investments in Local Partnerships

The investments in Local Partnerships are accounted for using the equity method. Acquisition fees, selection fees and other costs related to the acquisition of the projects have been capitalized as part of the investment account and are being amortized by the straight line method over the estimated lives of the underlying assets, which is generally 30 years.

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_MethodOfAccountingForInvestmentInLocalPartnerships

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 51 R34.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Details)
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Details

Number of limited partnership interests 72,017fil_NumberOfLimitedPartnershipInterests 72,032fil_NumberOfLimitedPartnershipInterests

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_NumberOfLimitedPartnershipInterests

Namespace Prefix: fil_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 52 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Impairment of Long-lived Assets
Impairment of Long-Lived Assets

The Partnership reviews long-lived assets to determine if there has been any impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. If the sum of the expected future cash flows is less than the carrying amount of the assets, the Partnership recognizes an impairment loss. There were no impairment losses recognized during the years ended December 31, 2014 and 2013.

X

- Definition

Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 5

-Section CC

-Subsection 3

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 05

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6390181&loc=d3e202-110218

+ Details

Name: us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 53 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Estimated condensed combined statements of operations for Local Partnerships

Condensed Combined Results of Operations of the Local Partnerships

(in thousands)

December 31, 2014

Unaudited

Material Investee

Total

Rental and other

$ 412

$ 2,708

$ 3,120

Expenses:

 Operating expenses

413

1,882

2,295

 Interest and entity expenses

24

645

669

Depreciation and amortization

107

434

541

 Total expenses

544

2,961

3,505

Income (loss) from continuing operations

$ (132)

$ (253)

$ (385)

Condensed Combined Results of Operations of the Local Partnerships

(in thousands)

December 31, 2013

Unaudited

Material Investee

Total

Rental and other

$ 430

$ 2,433

$ 2,863

Expenses:

 Operating expenses

384

1,648

2,032

 Interest and entity expenses

24

599

623

Depreciation and amortization

114

430

544

 Total expenses

522

2,677

3,199

Income (loss) from continuing operations

$ (92)

$ (244)

$ (336)

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_EstimatedCondensedCombinedStatementsOfOperationsForLocalPartnerships

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 54 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Details

Mortgage Note Receivable Balance, Beginning of Year $ 3,478 $ 3,533

Equity in Losses of Local Partnership 0fil_EquityInLossOfLocalPartnerships (55)fil_EquityInLossOfLocalPartnerships

Mortgage Note Receivable Balance, End of Year $ 3,478 $ 3,478

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_EquityInLossOfLocalPartnerships

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Amount before allowance of mortgage loans on existing land or building. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans covered under loss sharing agreements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.7(a)(3))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 7

-Subparagraph a

-Article 9

+ Details

Name: us-gaap_LoansReceivableCommercialMortgage

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_TextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 55 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9

Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Cash flows from operating activities:

Net Income (Loss) $ (542)us-gaap_NetIncomeLoss $ (1,633)us-gaap_NetIncomeLoss

Adjustments to reconcile Net Income (Loss) to net cash used in operating activities:

Gain from sales of limited partnership interests in Local Partnerships (10)us-gaap_OtherNonoperatingIncome

Advances made to Local Partnership recognized as expense 306 1,344

Equity in loss of Local Partnerships 0fil_EquityInLossOfLocalPartnerships 55fil_EquityInLossOfLocalPartnerships

Change in Accounts

Change in Accounts payable and accrued expenses (12) (8)

Net cash used in operating activities (248) (252)

Cash flows provided by (used in) investing activities:

Advances to Local Partnership (306)fil_AdvancesToLocalPartnership (1,344)fil_AdvancesToLocalPartnership

Proceeds from sales of limited partnership interests in Local Partnerships 10

Net cash flows provided by (used in) investing activities (306) (1,334)

Net decrease in cash and cash equivalents (554) (1,586)

Cash and cash equivalents, beginning of period 3,577us-gaap_CashEquivalentsAtCarryingValue 5,163us-gaap_CashEquivalentsAtCarryingValue

Cash and cash equivalents, end of period $ 3,023us-gaap_CashEquivalentsAtCarryingValue $ 3,577us-gaap_CashEquivalentsAtCarryingValue

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_AdvancesToLocalPartnership

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_AdvancesToLocalPartnershipRecognizedAsExpense

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_EquityInLossOfLocalPartnerships

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ProceedsFromSalesOfLimitedPartnershipInterestsInLocalPartnerships

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 830

-SubTopic 230

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6450594&loc=d3e33268-110906

+ Details

Name: us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.1)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_CashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_IncreaseDecreaseInAccountsPayableAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in other obligations or expenses incurred but not yet paid.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3574-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3521-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 25

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.7)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 7

-Article 5

+ Details

Name: us-gaap_OtherNonoperatingIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 56 R10.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 5 - Income Taxes
12 Months Ended

Dec. 31, 2014

Notes

Note 5 - Income Taxes
Note 5 - Income Taxes

The Partnership is not taxed on its income. The partners are taxed in their individual capacities based upon their distributive share of the Partnership's taxable income or loss and are allowed the benefits to be derived from off-setting their distributive share of the tax losses against taxable income from other sources subject to passive loss limitations. The taxable income or loss differs from amounts included in the statements of operations because different methods are used in determining the losses of the Local Partnerships as discussed below. The taxable income or loss is allocated to the partner groups in accordance with Section 704(b) of the Internal Revenue Code and therefore is not necessarily proportionate to the interest percentage owned.

A reconciliation between the Partnership’s reported net income and the net income (loss) per tax return follows (in thousands, except per limited partnership interest):

Years Ended December 31,

2014

2013

Net income (loss) per financial statements

$ (542)

$ (1,633)

Investment in Local Partnerships

1,094

4,903

Net income (loss) per tax return

$ 552

$ 3,270

Net income (loss) per limited partnership interest

$ 7.59

$ 44.95

The following is a reconciliation between the Partnership’s reported amounts and the Federal tax basis of net assets at December 31, 2014 and 2013 (in thousands):

2014

2013

Net assets as reported

$ 6,716

$ 7,2587,258

Add (deduct):

Deferred offering costs and intangibles

12,323

12,500

Investment in Local Partnerships

(7,907)(8,000)

(8,073)

Other

95

95

Net assets – Federal tax basis

$ 11,227

$ 11,780

The Partnership was subject to a New Jersey tax based upon the number of resident and non-resident limited partners and apportionment of income related to the Partnership’s investment in certain Local Partnerships. For the year ended December 31, 2012 the expense related to this tax is reflected in tax expense in the accompanying statements of operations. During the year ended December 31, 2012, the Partnership paid approximately $66,000 as a required deposit for estimated 2012 New Jersey taxes, which was based on half of the previous year’s taxes. However, the Partnership’s estimate of the actual tax due for 2012 was approximately $12,000. The remaining balance paid of approximately $54,000 is reflected as another asset on the accompanying balance sheet at December 31, 2014 and 2013. As a result of the sale of Countryside during 2012, the Partnership is no longer subject to pay New Jersey taxes.

X

- Details

Name: us-gaap_DisclosureTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Name: us-gaap_IncomeTaxDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 57 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Tables)
12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schedule of Encumbrances and Investment Properties
(1) Schedule of Encumbrances and Investment Properties (all amounts unaudited except for those amounts relative to the Material Investee and are the gross amounts at which carried at December 31, 2014) (in thousands):

Description

Encumbrances

Land

Buildings And Related Personal Property

Total

Accumulated Depreciation

Lincoln Grove

$ 2,047

$ 112

$ 4,109

$ 4,221

$ 2,462

Michigan Beach

19,785

1,013

10,599

11,612

4,821

Total

$ 21,832

$ 1,125

$ 14,708

$ 15,833

$ 7,283

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_ScheduleOfEncumbrancesAndInvestmentProperties

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TableTextBlockSupplementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 58 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.1.9 Html 28 104 1 false 6 0 false 3 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.napico.com/20141231/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - Balance Sheets Sheet http://www.napico.com/20141231/role/idr_BalanceSheets Balance Sheets false false R3.htm 000030 - Statement - Statements of Operations Sheet http://www.napico.com/20141231/role/idr_StatementsOfOperations Statements of Operations false false R4.htm 000040 - Statement - Statement of Changes in Partners' (Deficiency) Capital Sheet http://www.napico.com/20141231/role/idr_StatementOfChangesInPartnersDeficiencyCapital Statement of Changes in Partners' (Deficiency) Capital false false R5.htm 000050 - Statement - Statements of Cash Flows Sheet http://www.napico.com/20141231/role/idr_StatementsOfCashFlows Statements of Cash Flows false false R6.htm 000060 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPolicies Note 1 - Organization and Summary of Significant Accounting Policies false false R7.htm 000070 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnerships Note 2 - Investments in and Advances To Local Partnerships false false R8.htm 000080 - Disclosure - Note 3 - Mortgage Note Receivable Sheet http://www.napico.com/20141231/role/idr_DisclosureNote3MortgageNoteReceivable Note 3 - Mortgage Note Receivable false false R9.htm 000090 - Disclosure - Note 4 - Transactions With Affiliated Parties Sheet http://www.napico.com/20141231/role/idr_DisclosureNote4TransactionsWithAffiliatedParties Note 4 - Transactions With Affiliated Parties false false R10.htm 000100 - Disclosure - Note 5 - Income Taxes Sheet http://www.napico.com/20141231/role/idr_DisclosureNote5IncomeTaxes Note 5 - Income Taxes false false R11.htm 000110 - Disclosure - Note 6 - Contingencies Sheet http://www.napico.com/20141231/role/idr_DisclosureNote6Contingencies Note 6 - Contingencies false false R12.htm 000120 - Disclosure - Note 7 - Subsequent Events Sheet http://www.napico.com/20141231/role/idr_DisclosureNote7SubsequentEvents Note 7 - Subsequent Events false false R13.htm 000130 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesOrganizationPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Policies) false false R14.htm 000140 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesBasisOfPresentationPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) false false R15.htm 000150 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesCashAndCashEquivalentsPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) false false R16.htm 000160 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Method of Accounting For Investment in Local Partnerships (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesMethodOfAccountingForInvestmentInLocalPartnershipsPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Method of Accounting For Investment in Local Partnerships (Policies) false false R17.htm 000170 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesUseOfEstimatesPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies) false false R18.htm 000180 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesNetIncomeLossAndDistributionPerLimitedPartnershipInterestPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Policies) false false R19.htm 000190 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Abandoned Interests (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesAbandonedInterestsPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Abandoned Interests (Policies) false false R20.htm 000200 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesMortgageNoteReceivablePolicies Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies) false false R21.htm 000210 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesImpairmentOfLongLivedAssetsPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies) false false R22.htm 000220 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) false false R23.htm 000230 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Segment Reporting (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesSegmentReportingPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Segment Reporting (Policies) false false R24.htm 000240 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Variable Interest Entities (Policies) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesVariableInterestEntitiesPolicies Note 1 - Organization and Summary of Significant Accounting Policies: Variable Interest Entities (Policies) false false R25.htm 000250 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsCondensedCombinedBalanceSheetsOfTheLocalPartnershipsTables Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Tables) false false R26.htm 000260 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsEstimatedCondensedCombinedStatementsOfOperationsForLocalPartnershipsTables Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Tables) false false R27.htm 000270 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsScheduleOfEncumbrancesAndInvestmentPropertiesTables Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Tables) false false R28.htm 000280 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsScheculeOfReconciliationOfRealEstateTables Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Tables) false false R29.htm 000290 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsScheduleOfReconciliationOfAccumulatedDepreciationTables Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Tables) false false R30.htm 000300 - Disclosure - Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote3MortgageNoteReceivableSummaryOfMortgageNoteReceivableActivityTables Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Tables) false false R31.htm 000310 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote5IncomeTaxesReconciliationBetweenThePartnershipSReportedNetIncomeAndTheNetIncomeLossPerTaxReturnTables Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables) false false R32.htm 000320 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Tables) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote5IncomeTaxesReconciliationBetweenThePartnershipSReportedAmountsAndTheFederalTaxBasisOfNetAssetsTables Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Tables) false false R33.htm 000330 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesOrganizationDetails Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Details) false false R34.htm 000340 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesNetIncomeLossAndDistributionPerLimitedPartnershipInterestDetails Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (loss)and distribution Per Limited Partnership Interest (Details) false false R35.htm 000350 - Disclosure - Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote1OrganizationAndSummaryOfSignificantAccountingPoliciesImpairmentOfLongLivedAssetsDetails Note 1 - Organization and Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Details) false false R36.htm 000360 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsCondensedCombinedBalanceSheetsOfTheLocalPartnershipsDetails Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Details) false false R37.htm 000370 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsEstimatedCondensedCombinedStatementsOfOperationsForLocalPartnershipsDetails Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Details) false false R38.htm 000380 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsScheduleOfEncumbrancesAndInvestmentPropertiesDetails Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Details) false false R39.htm 000390 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsScheculeOfReconciliationOfRealEstateDetails Note 2 - Investments in and Advances To Local Partnerships: Schecule of Reconciliation of real estate (Details) false false R40.htm 000400 - Disclosure - Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote2InvestmentsInAndAdvancesToLocalPartnershipsScheduleOfReconciliationOfAccumulatedDepreciationDetails Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Details) false false R41.htm 000410 - Disclosure - Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote3MortgageNoteReceivableSummaryOfMortgageNoteReceivableActivityDetails Note 3 - Mortgage Note Receivable: Summary of mortgage note receivable activity (Details) false false R42.htm 000420 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote5IncomeTaxesReconciliationBetweenThePartnershipSReportedNetIncomeAndTheNetIncomeLossPerTaxReturnDetails Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Details) false false R43.htm 000430 - Disclosure - Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Details) Sheet http://www.napico.com/20141231/role/idr_DisclosureNote5IncomeTaxesReconciliationBetweenThePartnershipSReportedAmountsAndTheFederalTaxBasisOfNetAssetsDetails Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Details) false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - Balance Sheets Process Flow-Through: Removing column 'Dec. 31, 2012' Process Flow-Through: 000030 - Statement - Statements of Operations Process Flow-Through: 000050 - Statement - Statements of Cash Flows ntci2-20141231.xml ntci2-20141231.xsd ntci2-20141231_cal.xml ntci2-20141231_def.xml ntci2-20141231_lab.xml ntci2-20141231_pre.xml true true XML 59 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Details) (USD $)
In Thousands, unless otherwise specified

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances $ 21,832

Land 1,125us-gaap_Land 1,122us-gaap_Land

Buildings and Improvements, Gross 14,708us-gaap_BuildingsAndImprovementsGross 13,860us-gaap_BuildingsAndImprovementsGross

Real Estate Assets 15,833fil_RealEstateAssets 14,982fil_RealEstateAssets 13,275fil_RealEstateAssets

SEC Schedule III, Real Estate Accumulated Depreciation 7,283 6,748 6,208

Lincoln Grove

SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances 2,047

Land 112

Buildings and Improvements, Gross 4,109

Real Estate Assets 4,221

SEC Schedule III, Real Estate Accumulated Depreciation 2,462

Michigan Beach

SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances 19,785

Land 1,013

Buildings and Improvements, Gross 10,599

Real Estate Assets 11,612

SEC Schedule III, Real Estate Accumulated Depreciation $ 4,821

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_RealEstateAssets

Namespace Prefix: fil_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 4

-Subparagraph (f)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6812-107765

+ Details

Name: us-gaap_BuildingsAndImprovementsGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 4

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6812-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_Land

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 970

-SubTopic 360

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-28.FN4)

-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section S99

-Paragraph 6

-Subparagraph (SX 210.5-04.(c) Schedule III)

-URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 28

-Article 12

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Subparagraph Schedule III

-Article 5

+ Details

Name: us-gaap_RealEstateAccumulatedDepreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Amount of lien or mortgage outstanding on real estate investment properties for entities with a substantial portion of business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 970

-SubTopic 360

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-28)

-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section S99

-Paragraph 6

-Subparagraph (SX 210.5-04.(c) Schedule III)

-URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 28

-Article 12

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Subparagraph Schedule III

-Article 5

+ Details

Name: us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: fil_PropertiesAxis=fil_LincolnGroveMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: fil_PropertiesAxis=fil_MichiganBeachMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 60 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9

Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)
12 Months Ended

Dec. 31, 2014

Policies

Mortgage Note Receivable
Mortgage Note Receivable

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Partnership has recorded its mortgage note receivable at December 31, 2014 and December 31, 2013 at the amount at which the Partnership ultimately expects to receive. See “Note 3 – Mortgage Note Receivable” for further information.

X

- Definition

No authoritative reference available.

+ References

No definition available.

+ Details

Name: fil_Mortgagenotereceivablepolicy

Namespace Prefix: fil_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PolicyTextBlockAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

Note 1 - Organization and Summary of Significant Accounting Policies: Organization (Details)	Dec. 31, 2014	Dec. 31, 2013
Details
OutstandingLimitedPartnershipInterests	72,007	72,017

Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Rental Income, Nonoperating	$ 3,120us-gaap_RentalIncomeNonoperating	$ 2,863us-gaap_RentalIncomeNonoperating
Expenses
Operating Costs and Expenses	2,295us-gaap_OperatingCostsAndExpenses	2,032us-gaap_OperatingCostsAndExpenses
Interest Expense	669us-gaap_InterestExpense	623us-gaap_InterestExpense
Depreciation, Depletion and Amortization, Nonproduction	541us-gaap_DepreciationAndAmortization	544us-gaap_DepreciationAndAmortization
TotalExpenses	3,505fil_TotalExpenses	3,199fil_TotalExpenses
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	(385)	(336)
Unaudited
Rental Income, Nonoperating	412	430
Expenses
Operating Costs and Expenses	413	384
Interest Expense	24	24
Depreciation, Depletion and Amortization, Nonproduction	107	114
TotalExpenses	544	522
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	(132)	(92)
Material Investee
Rental Income, Nonoperating	2,708	2,433
Expenses
Operating Costs and Expenses	1,882	1,648
Interest Expense	645	599
Depreciation, Depletion and Amortization, Nonproduction	434	430
TotalExpenses	2,961	2,677
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	$ (253)	$ (244)

Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Details
Net Assets	$ 6,716us-gaap_AssetsNet	$ 72,587,258us-gaap_AssetsNet
Deferred offering costs and intangibles	12,323fil_DeferredOfferingCosts1	12,500fil_DeferredOfferingCosts1
Investment in Local Partnerships	(79,078,000)fil_InvestmentInLocalPartnerships	(8,073)fil_InvestmentInLocalPartnerships
Assets Reconciliation, Other	95fil_AssetsReconciliationOther	95fil_AssetsReconciliationOther
Net assets - Federal tax basis	$ 11,227fil_NetAssetsFederalTaxBasis	$ 11,780fil_NetAssetsFederalTaxBasis

Note 2 - Investments in and Advances To Local Partnerships: Schedule of Reconciliation of accumulated depreciation (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance	$ 6,748	$ 6,208
Depreciation	535us-gaap_Depreciation	540us-gaap_Depreciation
SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance	7,283	6,748
Unaudited
SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance	2,355	2,241
Depreciation	107	114
SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance	2,462	2,355
Material Investee
SEC Schedule III, Real Estate Accumulated Depreciation, Beginning Balance	4,393	3,967
Depreciation	428	426
SEC Schedule III, Real Estate Accumulated Depreciation, Ending Balance	$ 4,821	$ 4,393

Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 3,023us-gaap_CashEquivalentsAtCarryingValue	$ 3,577us-gaap_CashEquivalentsAtCarryingValue
Mortgage note receivable	3,478us-gaap_NotesReceivableGross	3,478us-gaap_NotesReceivableGross
Accounts receivable - limited partners	181us-gaap_OtherReceivables	181us-gaap_OtherReceivables
Other assets	54us-gaap_OtherAssets	54us-gaap_OtherAssets
Total assets	6,736us-gaap_Assets	7,290us-gaap_Assets
Liabilities:
Accounts payable and accrued expenses	20	32
Partners' (deficiency) capital:
General partner	(561)us-gaap_GeneralPartnersCapitalAccount	(556)us-gaap_GeneralPartnersCapitalAccount
Limited partners	7,277us-gaap_LimitedPartnersCapitalAccount	7,814us-gaap_LimitedPartnersCapitalAccount
Total partners' (deficiency) capital	6,716us-gaap_PartnersCapital	7,258us-gaap_PartnersCapital
Total liabilities and partners' (deficiency) capital	$ 6,736	$ 7,290

Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Land	$ 1,125us-gaap_Land	$ 1,122us-gaap_Land
Buildings and Improvements, Gross	14,708us-gaap_BuildingsAndImprovementsGross	13,860us-gaap_BuildingsAndImprovementsGross
SEC Schedule III, Real Estate Accumulated Depreciation	(7,283)	(6,748)	(6,208)
Other Partnership Assets	632fil_OtherPartnershipAssets	655fil_OtherPartnershipAssets
Partnership Assets	9,182fil_PartnershipAssets	8,889fil_PartnershipAssets
Other Notes Payable	21,832us-gaap_OtherNotesPayable	21,093us-gaap_OtherNotesPayable
Other Liabilities	643us-gaap_OtherLiabilities	706us-gaap_OtherLiabilities
Partnership Equity (Deficit)	(13,293)fil_PartnershipEquityDeficit	(12,910)fil_PartnershipEquityDeficit
Partnership Liabilities and Equity (Deficit)	9,182	8,889
Unaudited
Land	112	112
Buildings and Improvements, Gross	4,109	4,109
SEC Schedule III, Real Estate Accumulated Depreciation	(2,462)	(2,355)	(2,241)
Other Partnership Assets	37	67
Partnership Assets	1,796	1,933
Other Notes Payable	2,047	2,047
Other Liabilities	277	284
Partnership Equity (Deficit)	(528)	(398)
Partnership Liabilities and Equity (Deficit)	1,796	1,933
Material Investee
Land	1,013	1,010
Buildings and Improvements, Gross	10,599	9,751
SEC Schedule III, Real Estate Accumulated Depreciation	(4,821)	(4,393)	(3,967)
Other Partnership Assets	595	588
Partnership Assets	7,386	6,956
Other Notes Payable	19,785	19,046
Other Liabilities	366	422
Partnership Equity (Deficit)	(12,765)	(12,512)
Partnership Liabilities and Equity (Deficit)	$ 7,386	$ 6,956

Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating Expenses:
Management fees - general partner	$ 64fil_ManagementFeesGeneralPartner	$ 107fil_ManagementFeesGeneralPartner
General and administrative	93us-gaap_GeneralAndAdministrativeExpense	54us-gaap_GeneralAndAdministrativeExpense
Legal and accounting	79us-gaap_ProfessionalFees	83us-gaap_ProfessionalFees
Total operating expenses	236us-gaap_OperatingExpenses	244us-gaap_OperatingExpenses
Loss from partnership operations	(236)us-gaap_OperatingIncomeLoss	(244)us-gaap_OperatingIncomeLoss
Gain from sales of limited partnership interests in Local Partnerships		(10)us-gaap_OtherNonoperatingIncome
Advance recognized as expense as income (loss)	(306)	(1,344)
Equity in income (loss) of Local Partnerships and amortization of acquisition costs		(55)
Net Income (Loss)	(542)us-gaap_NetIncomeLoss	(1,633)us-gaap_NetIncomeLoss
Net Income (Loss) allocated to general partner (1%)	(5)	(16)
Net Income (Loss) allocated to limited partners (99%)	$ (537)	$ (1,617)
Net Income (Loss) per limited partnership interest	$ (7.46)	$ (22.45)

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	NATIONAL TAX CREDIT INVESTORS II
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Entity Central Index Key	0000859921
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	72,007dei_EntityCommonStockSharesOutstanding
Entity Public Float		$ 0dei_EntityPublicFloat
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Statement of Changes in Partners' (Deficiency) Capital (USD $) In Thousands	General Partner	Limited Partners	Total
Partners' (deficiency) capital, beginning balance at Dec. 31, 2012	$ (540)	$ 9,431	$ 8,891fil_PartnersDeficiencyCapital
Net Income (Loss)	(16)	(1,617)	(1,633)us-gaap_ProfitLoss
Partners' (deficiency) capital, ending balance at Dec. 31, 2013	(556)	7,814	7,258fil_PartnersDeficiencyCapital
Net Income (Loss)	(5)	(537)	(542)us-gaap_ProfitLoss
Partners' (deficiency) capital, ending balance at Dec. 31, 2014	$ (561)	$ 7,277	$ 6,716fil_PartnersDeficiencyCapital

Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net Income (Loss)	$ (542)us-gaap_NetIncomeLoss	$ (1,633)us-gaap_NetIncomeLoss
Adjustments to reconcile Net Income (Loss) to net cash used in operating activities:
Gain from sales of limited partnership interests in Local Partnerships		(10)us-gaap_OtherNonoperatingIncome
Advances made to Local Partnership recognized as expense	306	1,344
Equity in loss of Local Partnerships	0fil_EquityInLossOfLocalPartnerships	55fil_EquityInLossOfLocalPartnerships
Change in Accounts
Change in Accounts payable and accrued expenses	(12)	(8)
Net cash used in operating activities	(248)	(252)
Cash flows provided by (used in) investing activities:
Advances to Local Partnership	(306)fil_AdvancesToLocalPartnership	(1,344)fil_AdvancesToLocalPartnership
Proceeds from sales of limited partnership interests in Local Partnerships		10
Net cash flows provided by (used in) investing activities	(306)	(1,334)
Net decrease in cash and cash equivalents	(554)	(1,586)
Cash and cash equivalents, beginning of period	3,577us-gaap_CashEquivalentsAtCarryingValue	5,163us-gaap_CashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period	$ 3,023us-gaap_CashEquivalentsAtCarryingValue	$ 3,577us-gaap_CashEquivalentsAtCarryingValue

Note 2 - Investments in and Advances To Local Partnerships: Schedule of Encumbrances and Investment Properties (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	$ 21,832
Land	1,125us-gaap_Land	1,122us-gaap_Land
Buildings and Improvements, Gross	14,708us-gaap_BuildingsAndImprovementsGross	13,860us-gaap_BuildingsAndImprovementsGross
Real Estate Assets	15,833fil_RealEstateAssets	14,982fil_RealEstateAssets	13,275fil_RealEstateAssets
SEC Schedule III, Real Estate Accumulated Depreciation	7,283	6,748	6,208
Lincoln Grove
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	2,047
Land	112
Buildings and Improvements, Gross	4,109
Real Estate Assets	4,221
SEC Schedule III, Real Estate Accumulated Depreciation	2,462
Michigan Beach
SEC Schedule III, Real Estate and Accumulated Depreciation, Amount of Encumbrances	19,785
Land	1,013
Buildings and Improvements, Gross	10,599
Real Estate Assets	11,612
SEC Schedule III, Real Estate Accumulated Depreciation	$ 4,821