Housing maintenance fund actually includes housing public facilities special fund and housing maintenance fund. The special fund for housing public facilities is referred to as the special fund, which is used for projects such as the renovation of common parts of property and public facilities and equipment, and shall not be used for other purposes.
Special funds to implement the principle of "money with the house". When the house is transferred, the remaining funds in the account are also transferred to the new owner of the house. China's housing maintenance fund system began in 1998.
In 2004, the housing maintenance fund evolved into a fee that must be paid when the house handles the property right certificate. The payment standard has also changed from 2%-3% of the initial purchase price to 5%-8% of the cost per square meter of residential construction and installation projects in 2008.
According to the newly revised Measures for the Administration of Special Maintenance Funds for Residential Buildings in 2007, public maintenance funds are earmarked for the maintenance of public facilities in residential quarters and are owned by all owners. But before the establishment of the owners' committee, the funds were generally managed by the real estate administrative department.
applied range
The "Administrative Measures" of the Ministry of Construction stipulates that when the maintenance fund is idle, it is strictly forbidden to use it for other purposes except for purchasing government bonds or other fields stipulated by laws and regulations. According to Article 63 of the State Council's Property Management Regulations, the real estate administrative department of the local people's government at or above the county level shall recover the misappropriated special maintenance funds, give a warning, confiscate the illegal income, and may impose a fine of less than 2 times the misappropriated amount.
Property management companies misappropriate special maintenance funds, and if the circumstances are serious, the qualification certificate shall be revoked by the department that issued the qualification certificate; If the case constitutes a crime, the directly responsible person in charge and other directly responsible personnel shall be investigated for criminal responsibility according to law.