Legal basis: Measures for the Administration of Residential Special Maintenance Funds
Twelfth commercial housing owners shall, when handling the housing check-in, deposit the first phase of residential special maintenance funds into the residential special maintenance fund account.
The owner of the sold public housing shall deposit the first special maintenance fund of public housing into the special maintenance fund account of public housing or hand it over to the selling unit for deposit into the special maintenance fund account of public housing before going through the housing check-in formalities.
Article 34 The purchase, use, storage and write-off management of special bills for residential special maintenance funds shall be implemented in accordance with the relevant provisions of the Ministry of Finance and the financial departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government, and shall be subject to supervision and inspection by the financial departments.