the public maintenance fund is collected and kept by the local housing management department.

but in reality, the developer usually collects the money first, and then pays it to the designated account of the housing management department. The public maintenance fund is paid by all the owners, and of course it belongs to the owners. Usually, after the establishment of the owners' committee, the public maintenance fee will be transferred to the industry committee, which will exercise the management right. However, no matter who keeps it, this part of the fund is dedicated and cannot be misappropriated at will. The housing maintenance fund is charged according to a certain proportion of the housing purchased, and the usual charging standard is 2% of the total house price.

The specific scope of use of the house maintenance fund is:

1. The maintenance fund can only be used when the public parts, facilities and equipment of the property are overhauled, updated or modified after the warranty period expires. The specific owners shall share the cost proportion according to the determination standard of voting rights.

2. When the maintenance fund is idle, it is forbidden to use it for other purposes except for purchasing government bonds or other funds as stipulated by laws and regulations.

3. Special use:

(1) The property management company can temporarily borrow a reserve fund equivalent to one month's daily maintenance and renewal expenses of the property from the maintenance fund; Unless otherwise agreed in the property management service contract.

(2) If the house needs to be overhauled or specially repaired or updated, the advance payment agreed in the construction contract can be withdrawn, but the maximum advance payment shall not exceed 3% of the total project amount.

(3) The owners' committee can leave a reserve fund equivalent to one month's activity funds in the account of the property management enterprise, unless otherwise decided by the owners' meeting.

to sum up, the owners should decide to hand over the maintenance fund to the Housing Authority for safekeeping. If the owners' committee is established in the community, a special account for the maintenance fund should be opened in the designated bank, and the maintenance fund should be deposited in the account, which will be supervised by the Housing Authority.

Legal basis:

Article 6 of the Measures for the Administration of Special Maintenance Funds for Residential Buildings

The owners of the following properties shall deposit special maintenance funds for residential buildings in accordance with the provisions of these Measures:

(1) Residential buildings, except those owned by one owner that have no * * * use parts with other properties and use facilities and equipment;

(2) Non-residential buildings in residential quarters or non-residential buildings connected with a single residential structure outside residential quarters.

if the property listed in the preceding paragraph belongs to the sale of public housing, the selling unit shall deposit special maintenance funds for housing in accordance with the provisions of these measures.