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Can the maintenance fund be a time deposit?
Yes The use of maintenance funds is divided into planned use, general use and emergency use. Planned use and general use shall be organized and implemented after the owner votes, emergency use shall be organized and implemented after on-site inspection, and publicity shall be made after maintenance is completed. Maintenance funds can be used to purchase insurance related to elevator maintenance and renovation according to the planned use procedures. Maintenance funds can be used for fixed-term portfolio deposits in accordance with the relevant provisions of the state to ensure the safe appreciation of funds and the regular distribution of value-added benefits.