Which department should the public maintenance fund be handed over to?

The public maintenance fund shall be collected and kept by the local housing management department.

However, in reality, developers usually collect it first and then hand it over to the designated account of the housing management department. The public maintenance fund is paid by all the owners, and of course belongs to the owners. Usually, after the establishment of the owners' committee, the public maintenance expenses will be placed under the industry committee, which will exercise the management right. However, no matter who keeps them, these funds are special funds and cannot be misappropriated at will. The housing maintenance fund is charged according to a certain proportion of the houses purchased, and the usual charging standard is 2% of the total house price.

The specific scope of use of the housing 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 transformed 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 shall not be used for other purposes except the purchase of treasury bonds or other funds stipulated by laws and regulations.

3. Special purpose:

(1) The property management company can temporarily borrow the reserve fund equivalent to one month's daily maintenance and renewal cost 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to be overhauled or specially maintained or updated, the advance payment agreed in the construction contract may be withdrawn, but the maximum advance payment shall not exceed 30% of the total project amount.

(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' meeting.

To sum up, the owner 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 maintenance funds shall be opened in the designated bank, and the maintenance funds shall be deposited in the account, which shall be supervised by the Housing Authority.

Legal basis:

Measures for the administration of residential special maintenance funds

Article 6

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

(a) residence, except that it is jointly owned by the owners and does not use parts and facilities with other properties;

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

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