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The process of using public maintenance funds

The process of using public maintenance funds usually includes the following steps: 1. Formulate a maintenance or update or transformation plan.

2. The owner agrees.

It usually involves publicizing the plan, soliciting the opinions of the owners, and forming a written resolution after obtaining the consent of more than two-thirds of the owners.

3. Handle registration and account opening.

4. Fund transfer.

5. Organize and implement maintenance plans.

6. Completion acceptance and settlement review.

7. Publicity and payment.

The conditions for using public maintenance funds mainly include the following points: 1. The maintenance or renovation plan must be standard and reasonable.

2. The maintenance plan and the owner’s written consent must be filed.

3. A dedicated bank account must be opened.

4. Maintenance projects must comply with the scope of use of the maintenance fund.

5. The special maintenance fund must be collected in full.

6. The warranty period for public parts and public facilities and equipment has expired.

To sum up, the process of using public maintenance funds is a strict procedure involving owners’ voting, plan announcement, survey review, fund allocation and completion acceptance, etc., aiming to ensure the rational use of funds and the rights and interests of owners.

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Legal basis: Article 4 of the "Measures for the Management of Special Residential Maintenance Funds" shall implement the principles of special account storage, dedicated funds, decision-making by the owner, and government supervision.

Article 5 The construction administrative department of the State Council, in conjunction with the financial department of the State Council, is responsible for the guidance and supervision of special residential maintenance funds nationwide.

The construction (real estate) competent departments of local people's governments at or above the county level, in conjunction with the financial departments at the same level, are responsible for the guidance and supervision of special residential maintenance funds within their respective administrative regions.