Special maintenance funds refer to the funds that the owners of residential properties pay a certain amount of funds to a special account for the maintenance of public parts and facilities and equipment in the property area, and authorize the owners' committee to manage and use them in a unified way. On the basis of the original legal documents, the Measures for the Management of Special Maintenance Funds for Residential Buildings, which was implemented in 2008, made more detailed and clear provisions on the collection, management and use of special maintenance funds.
In fact, the residential special maintenance fund is a continuation of the public maintenance fund. In nature, the two are basically the same. It's just because the ages are different and the names are different, which is essentially the same theme. In 2007, after the promulgation of the Measures for the Administration of Residential Special Maintenance Funds, the original public maintenance funds were renamed as special maintenance funds.