Maintenance fund refers to the maintenance fund for public parts and facilities of residential buildings, which is generally used for large-scale maintenance, and its use needs to be approved at different levels. Public parts refer to outdoor walls, hallways, stairwells, corridors, etc. Public facilities and equipment refer to water pipes, elevators, facades, fire-fighting facilities, green spaces, roads, ditches and other facilities and equipment used by owners in houses and related supporting areas.
The CMC shall set up a special maintenance fund account in a commercial bank designated by the real estate administrative department and report the account to the real estate administrative department for the record.
How to use the housing maintenance fund;
A, maintenance fund only after the expiration of the warranty period, the property public * * * parts, * * with facilities and equipment for overhaul, update, transformation can be used. The specific owners shall share the cost proportion according to the determination standard of voting rights;
Two, when the maintenance fund is idle, it is forbidden to use it for other purposes except to buy treasury bonds or other funds stipulated by laws and regulations;
Third, the special purpose:
1. The property management company may temporarily borrow the reserve fund equivalent to one month's daily maintenance and update expenses of the property from the maintenance fund, unless otherwise agreed in the property management service contract;
2, residential overhaul or special maintenance, update, you can extract the advance payment agreed in the construction contract, but the advance payment shall not exceed 30% of the total project;
3. The owners' committee may keep a reserve fund equivalent to one month's activity funds in the account of the property management enterprise, unless otherwise decided by the owners' congress.
legal ground
Measures for the Administration of Residential Special Maintenance Funds Article 18 The residential special maintenance funds shall be earmarked for the maintenance, renewal and transformation of residential building parts and facilities after the expiration of the warranty period, and shall not be used for other purposes. Article 21 Where the maintenance, renewal and transformation of residential parts and facilities involve unsold commercial housing, non-residential housing or public housing, the development and construction unit or public housing unit shall share the cost of maintenance, renewal and transformation according to the construction area of unsold commercial housing or public housing.