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        <ExplanationTxt>THE ASSOCIATION ASSESSES ITS INCOME TAX POSITIONS FOR ALL YEARS SUBJECT TO EXAMINATION BASED ON EVALUATION OF THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE REPORTING DATE. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED. THE ASSOCIATION BELIEVES IT DOES NOT HAVE, AND HAS NOT RECORDED, A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATIONS TAX RETURN REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR U.S. FEDERAL TAX PURPOSES FOR THREE YEARS AFTER THE FILING DATE.</ExplanationTxt>
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      <SupplementalInformationDetail>
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