According to information from the ministry of finance website 15, in order to regulate the management of public rental housing assets, the ministry of finance, the ministry of housing, urban and rural construction have developed and issued the interim measures for the management of public rental housing assets, which have been in effect since 1 january 2019。
The interim scheme makes it clear that the principles of asset management for public rental housing are: separation of ownership and use rights; rational allocation, efficient use and regularization of disposal; and integration of asset management with budget management, performance management and financial management。
The allocation of public rental housing assets is based, inter alia, on urban secure housing projects or annual plans; real needs for public rental housing; the stock of public rental housing assets and the results of performance evaluations; and the financial and debt situation of the government。
The interim scheme states that the local housing security authorities organize the preparation of a public rental housing asset allocation plan at their level. The public rental asset allocation plan includes the number of increases or decreases in public rental property during the year, size, financial needs and sources, prior-year asset holdings, as well as the way in which they were configured, and business maintenance。
According to the scheme, the public rental housing assets under management are mainly those held by the local government housing security authorities and included in the urban housing security plan and annual plans to provide housing to eligible recipients. This includes dwellings in public rental housing projects, as well as accompanying non-residential assets, such as public housing, operating houses, parking spaces, facilities and equipment buildings。
Non-guaranteed housing owned by public rental housing and administrative establishments is not covered by the scheme。
Original text of document:
Interim measures for the management of public rental housing assets
General provisions
In order to regulate and strengthen the management of public rental housing assets (hereinafter referred to as public rental housing assets), this approach is developed in accordance with laws and regulations such as the property rights law of the people's republic of china and the budget law of the people's republic of china。
Article ii. This approach applies to the management of public rental housing assets. In this scheme, public rental housing assets are those held by local government housing security authorities and are included in urban housing security plans and annual plans to provide housing to eligible recipients. Public rental housing assets include dwellings in public rental housing projects, as well as accompanying non-residential assets (buildings such as public housing, operating houses, parking spaces, facilities and equipment)。
The scheme does not apply to public rental housing owned by enterprises and to dwellings held by administrative establishments of a non-secure nature。
Article 3 the ministry of finance, the ministry of housing, urban and rural construction are responsible for developing and organizing the implementation of a public rental housing asset management system, performance evaluation and supervisory management。
Local financial authorities and local housing security authorities at all levels are responsible for developing and organizing the implementation of a system for the management and administration of public rental housing in their respective regions, as well as for financial management, performance evaluation and oversight。
The local financial authorities, in accordance with the relevant national and regional authorities, handle the budget for public rental housing assets, the collection of income from assets, the audit of disposal matters and the management of the preparation, audit and consolidation of assets。
Local housing security authorities, in accordance with the relevant national and regional regulations, handle the recording, allocation, use, disposal, information management and asset reporting of public rental property at their own level。
Local housing security authorities at all levels may entrust the municipal housing security enforcement agencies with the specific tasks of public rental housing security in their administrative areas。
Article 4 principles for the management of public rental housing assets:
(i) separation of ownership and use rights
(ii) rationally configured, efficiently used and regulated
(iii) integration of asset management with budget management, performance management and financial management。
Chapter ii asset allocation
Article v. Public rental housing assets are allocated in a manner that includes construction (including modification and expansion), acquisition, transfer, acceptance of donations, etc。
Article 6 the allocation of public rental property is based on:
(i) planning or annual planning of urban secure tenure projects
(ii) real needs for public rental housing
(iii) the stock of public rental property and the results of the performance evaluation
(iv) government financial and debt situation, etc。
Article 7. Local housing security authorities organize the preparation of their own public rental asset allocation plans。
The public rental asset allocation plan includes the number of increases or decreases in public rental property during the year, size, financial needs and sources, prior-year asset holdings, as well as the way in which they were configured, and business maintenance. The allocation of public rental housing assets is reported to the treasury as part of the departmental budget。
Article 8. Local housing security authorities shall strictly enforce the approved budget for public rental housing assets。
Article 9. Local housing security authorities that allocate public rental property, including construction, purchase, etc., shall implement the provisions of national laws and regulations relating to tendering, government procurement, etc。
Article 10: local housing security authorities at all levels shall, upon acceptance of the public rental housing project project and following the procedures for its commissioning, promptly convert construction work to public rental housing assets, in accordance with the requirements of the national uniform accounting system, and receive relevant construction information。
Article 11 the housing security authorities at the local level shall agree in the contract with the construction unit that the construction unit shall not use public rental housing assets as financial collateral。
Chapter iii use of assets
Article 12. Local housing security authorities at all levels shall rent public rental housing assets in accordance with the public rented housing management scheme (ministry of housing, urban and rural construction order no. 11). Revenue from the rental of public rental property and from fines are paid into the equivalent treasury in accordance with the relevant provisions of the government's non-tax revenue management and centralized collection management of the public treasury, with two lines of revenue and expenditure management。
Article 13. Services such as operating management and maintenance of public rental housing assets, which are appropriate for implementation through government purchase services, may be performed by the housing security authorities in accordance with the rules, and shall include in the contract for the purchase of services duties and obligations relating to the corresponding operation management and maintenance of the subject, ensuring the rational use and proper operation of public rental housing assets。
Article 14. Local housing security authorities at all levels may organize transfer mechanisms for public rental housing assets in different administrative districts of the same city in order to achieve full efficiency in their use。
Article 15. External rental of non-residential assets accompanying public rental housing projects shall be publicly available。
After the expiry of the tenancy contract for housing assets in public rental housing, and subject to the policy of renewal, the housing security authorities at the local level shall continue to lease the public rental property to the insured persons in accordance with the relevant working procedures; if the subject of the security is no longer renewing or no longer eligible, the housing security authorities at the local level shall recover the public rental property promptly。
Article 17. Where the subject of the guarantee refuses to withdraw after the expiry of the lease contract, the housing security authority shall, in accordance with the law, take measures to require that the person concerned be released from public rental housing。
Article 18 public rental property that is the subject of a donation shall be integrated into the management and use of the public rental housing system. Where the donor has a specified requirement for donated property, the housing security authority administers the use of the specified requirement。
Article 19 housing security authorities at the local level cannot guarantee public rental property。
Chapter iv disposition of assets
As a result of the restructuring of institutional functions or the need for housing security work, public rental housing assets transferred between different administrative establishments are submitted to the same level of the financial authorities for approval。
Article 21. The housing security authorities at the local level may, after review by the same financial authorities, apply the following conditions for the removal of public rental property:
(i) by force majeure, such as natural disasters
(ii) dismantling under municipal planning
(iii) if the dwelling has been certified by a qualified housing authority, it is classified as d-risk。
Article 22 the state shall provide for the disposal of public rental property in accordance with its provisions。
Article 23 income from the disposal of public rental housing assets is paid into the equivalent treasury in accordance with the relevant provisions of the government's non-tax revenue management and centralized collection management of the public treasury, with two lines of revenue and expenditure management。
Chapter v financial management of assets
Article 24 local housing security authorities at all levels shall account for public rental housing assets in a timely manner, in accordance with the provisions of the national uniform accounting system。
Article 25. When public rental housing is delivered, local housing security authorities at all levels shall establish a card for public rental housing assets on the basis of information such as accounting books and receipts for project delivery。
Article 26. Public rental property cards are divided into master cards and sub-cards, which are set up according to the public rental housing project, and are composed mainly of information on the card number, title of the asset, title, location, number of residential units, book value, accumulated depreciation, book balance, total building area, land area, etc。
The corresponding sub-cards are created under the main card and are mainly written in the form of: sub-card number, master card asset name, asset type, address, book value, accumulated depreciation, book balance, building area, rental standard, etc。
In the event of a change in the title of assets, book value, suites, building area, area of land, etc., as a result of consolidation, separation or expansion of public rental housing, the housing security authorities shall change the corresponding information on the asset card in a timely manner。
In the event of a change in the public rental property by its owner, the housing security authority shall update the relevant information on the asset card in a timely manner, on the basis of documents such as the lease contract, the transfer procedure, etc。
Article 28 housing security authorities at the local level shall periodically organize asset counts to ensure consistency in the assets' accounts, cards and objects。
Article 29 the local housing security authorities should strengthen information management on public rental property and, in conjunction with the financial sector, establish a sound information management system for public rental property, which fully reflects information on public rental property。
Article 30. Property rights are registered in state-owned enterprises, and public rental housing assets are controlled or managed by local housing security authorities at all levels, and are not accounted for by local housing security authorities, but the relevant information should be entered into the public rental property information management system。
Chapter vi assets report
Article 31 local housing security authorities and local financial authorities should include the management of public rental housing assets in the annual administrative enterprise state assets report, as required。
Article 32. Local housing security authorities shall prepare periodic asset reports, in accordance with the accounting books, accounting statements, asset cards and requirements of the annual report on state assets of an administrative nature, to be submitted to the financial authorities of the same level, reflecting comprehensively the management of public rental housing assets. The main elements should include:
(i) public rental housing assets
(ii) establishment and implementation of a management system for public rental property
(iii) allocation, use, disposal and income of public rental housing assets
(iv) other matters requiring reporting。
Article 33 the local financial authorities shall compile and compile annual reports on the management of state-owned assets, including public rental property, in the administrative area and report to the standing committee of their level as required。
Where property rights are registered in state-owned enterprises and public rental housing assets are centrally managed by the local housing security authorities at all levels, the local housing security authorities at all levels shall report them as annexes to their own assets, taking into account the requirements of article 32。
Article 35 housing security authorities at the local level shall regularly disclose information on the stock, movement and use of public rental housing assets at their level。
Vii. Oversight management
Article 36 the financial authorities, the housing security authorities and their staff at all levels shall exercise due diligence in their responsibility for the supervision of public rental housing assets and maintain the security and integrity of assets in accordance with the law。
Local housing security authorities at all levels shall monitor the use of public rental housing assets and the changes in the population, housing and economy of the families to which they are subject, and shall recover assets in accordance with the terms of the contract for the use of assets in violation of the policy and the contract for the safeguarding of housing。
Article 38 in the event that the financial authorities, the housing security authorities and their personnel violate the provisions of this act and commit disciplinary offences, such as abuse of authority, negligence or fraud, they shall be held accountable in accordance with the relevant national provisions, such as the regulations on the punishment of financial offences of the public service act of the people's republic of china; they shall be brought before a judicial authority for any alleged offence。
Chapter viii
Article 39 the provinces, autonomous regions, municipalities directly under the central government, the financial sector and the housing security authorities of individual municipalities may, in accordance with this approach, develop practical measures to implement them, taking into account the situation in the region, and report them to the ministry of finance, the ministry of housing, urban and rural development。
Article 40. Management of municipal housing security plans and other public rental housing reference schemes held by local housing security authorities at all levels, which are not included in the annual plan for urban housing security。
Article 41 this scheme shall become effective on 1 january 2019。
