Overhaul fund can be used in four situations.
2011The Measures for the Management of Special Maintenance Funds for Property in Chongqing, which came into effect on March, clearly stipulates under what circumstances overhaul fund can be used and under what circumstances it cannot be used, and will punish the occupation and illegal use of overhaul fund.
Property special maintenance fund (commonly known as overhaul fund) refers to the funds earmarked for the maintenance, renewal and transformation of * * parts and * * facilities and equipment after the expiration of the property warranty period.
The "Measures" stipulate that overhaul fund involves: the maintenance, renewal and transformation costs of proprietary parts shall be borne by the owners of proprietary parts; Some * * * have some maintenance, renewal and renovation costs, which are shared by some * * * owners in proportion to their construction area; All * * * have some maintenance, renewal and renovation costs, which are shared by all owners in proportion to their construction area; If the house is not completely sold, the development and construction unit shall share the cost of maintenance, renewal and transformation of * * * parts and * * * facilities and equipment according to the proportion of the construction area of the unsold part.