What are American Tax Credit Properties Iii Lp's Business Segments?
Registrant is in the process of disposing of its remaining Local Partnership
Interests. Registrant owns three of the forty-three Local Partnership Interests
initially acquired. In a prior year, Registrant served a demand on the general
partners of the Local Partnerships (the "Local General Partners")
of all then remaining Local Partnerships to commence a sale process to dispose
of the Properties. In the event a sale cannot be consummated, it is the General
Partner's intention to sell or assign Registrant's remaining Local Partnership
Interests. It is not possible to ascertain the amount, if any, that Registrant
will receive with respect to each specific Property from such sales or assignments.
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