Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
May 31, 2014
Fair Value Measurements Tables  
Schedule of fair value of assets and liabilities measured on a recurring basis
          Cost / Other     Quoted Prices in Active Markets for Identical Assets     Significant Other Observable Inputs     Significant Unobservable Inputs     Total Unrealized  
    Fair Value     Value     (Level 1)     (Level 2)     (Level 3)     Gain  
Tap Participation Fee liability   $ 13,162,800     $ 13,162,800     $ -     $ -     $ 13,162,800     $ -  
Schedule of unobservable input reconciliation of fair value liabilities measured on a recurring basis
    Fair Value Measurement using Significant Unobservable Inputs (Level 3)  
    Gross Estimated Tap Participation Fee Liability     Tap Participation Fee Reported Liability     Discount - to be imputed as interest expense in future periods  
Balance at August 31, 2013   $ 102,681,900     $ 59,807,300     $ 42,874,600  
Total gains and losses (realized and unrealized):     -       -       -  
Imputed interest recorded as "Other Expense"     -       1,309,100       (1,309,100 )
Purchases, sales, issuances, payments, and reductions resulting from foreclosures     (82,068,300 )     (47,953,600 )     (34,114,700 )
Transfers in and/or out of Level 3     -       -       -  
Balance at May 31, 2014   $ 20,613,600     $ 13,162,800     $ 7,450,800