Transactions with Affiliates

12 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

4.      Transactions with Affiliates

In accordance with the Partnership Agreement, the General Partner earns a base amount of 0.50% (annually adjusted by the CPI factor) of the Gross Proceeds as the annual asset management fee for administering the affairs of the Fund.  Asset management fees for the years ended March 31, 2013 and 2012 are $284,017 and $276,637, respectively.  During the years ended March 31, 2013, and 2012, $1,308,786 and $0, respectively, were paid out of available cash flow for asset management fees. As of March 31, 2013 and 2012, $71,906 and $1,096,675, respectively, is payable for asset management fees.

An affiliate of the General Partner is reimbursed for the cost of the Fund’s salaries and benefits expenses.  Included in general and administrative expenses for the years ended March 31, 2013 and 2012 are $51,583 and $58,337,respectively, thatthe Fund incurred for these expenses.  During the years ended March 31, 2013 and 2012, $81,257 and $24,071 respectively, were paid for these expenses.  As of March 31, 2013 and 2012, $4,593 and $34,267 respectively, is payable to the General Partner of its affiliates.