The recent launch of a new city renovation operation in huizhou by the southern daily news (journalist/journalist zhang feng correspondent/yang jianhui) led to the detection of the irregular payment of funds for home maintenance in the city of helene, located in chenya, raising public concern about the regulation of home maintenance funds. Recently, the municipal housing authority issued a circular on the implementation of the provisions of the regulations for the management of housing resources in the city of huizhou (hereinafter referred to as “the circular”), which regulates the deposit, supervision and use of funds for residential maintenance。
The circular provides clarity on the attribution, accounting and management of funds, storage, value-added, etc. Of funds for specialized residential maintenance, requiring that the funds for maintenance be collected and stored in a separate account by the developer; and that the funds for maintenance not be declared during the transfer of property. In addition, the circular has improved the monitoring of the misuse of funds for non-compliance, requiring third-party price checks for requests for emergency repairs of $50,000 and more and for general maintenance of $100,000 and more。
Value added of funds
Only first-level national debt can be purchased, and regular value added can be transferred
The deposit and use of funds for residential maintenance as maintenance money has received widespread attention. According to statistics published by the municipal housing authority's maintenance and financial management centre, by the beginning of this year, huey county had contributed more than 6 billion yuan in housing maintenance funds, of which approximately 2,680 million yuan were deposited in the huey city, and in the shoego new district。
With regard to the issuance of the circular, the head of the municipal housing authority made a presentation, more often than not reiterating and re-establishing the relevant provisions. The officer-in-charge explained that in 2012 the agency issued the supplementary provisions for the implementation of the rules for the management of funds for special maintenance of housing, which were updated and refined in 2015. In accordance with the five-year implementation period previously set, notifications are reissued to preserve and update important provisions。
In comparison with the previous and subsequent implementation methods, journalists have found that the circulars provide further clarity on the regulation of the aggregation, accounting, management, storage and value-added of funds for specialized residential maintenance. At the end of 2016, the hui city central district (including the huey city district and the centre centre centre centre centre centre of hubei province) issued the " programme for the distribution of value added gains from special maintenance funds for the urban district of huizhou " , which for the first time allocated the value added gains from maintenance funds over the years, a total of approximately $229 million in value added gain funds were allocated to approximately 375,000 unit account accounts, thus maintaining the concern of depositors about the investment of funds。
The circular was clear that it would be based on ensuring financial security, taking into account value added gains. The circular states that, in the future, when the balance of maintenance funds of the central banks amounts to $10 million, the competent authorities should arrange for the corresponding funds to be transferred on a regular basis in a timely manner, or for the purchase of a level i national debt, subject to ensuring that sufficient funds are available for normal use, but reject the suggestion that industry should consider commercial investment to increase the rate of return。
“the funds for home maintenance are the money of the owner and the pension of the community house, and certainly no venture capital can be made, even if there is a possibility of a higher rate of return, on the basis of guaranteeing financial security.” according to the officer-in-charge。
Regulation of funds
You're gonna have to pay for the maintenance fee of $30,000 in instalments
In the case of the increasingly open property “access clearances” and the transfer of property in some communities, notification is given that, in order to avoid the financial risks that may arise as a result of the property alternation, maintenance funds may not normally be declared until the date on which the property enterprise or other regulatory unit submits the withdrawal report to the neighbourhood office, property authority or authority in the sub-region. The circular indicated that if emergency situations, such as elevator maintenance, occurred during that period, a green route could be applied to the housing authority。
In the use of funds, notification further regulates third-party bargaining mechanisms and more effectively combats the imposition of irregularities. The circular provides that for urgent maintenance projects of $50,000 or more for general maintenance and $100,000 or more, a price advisory service is required to conduct a price review of the works and the final cost of the project is based on the results. The head of the municipal housing authority described the introduction of a third-party pricing mechanism for more than two years, which has saved over $2. 2 million in maintenance expenditure for community owners。
At the same time, the notification-required instalment mechanism effectively ensures the quality of community maintenance works. The circular states that when the maintenance funds were used to pay for the works amounting to (including) 30,000 to 50,000 yuan, the repairs were made, then the payments were made in two instalments, 95 per cent in the first instalment and 5 per cent in the second instalment in the project guarantee. When the amount of the work is in excess of $50,000, it is to be paid in three instalments, 30 per cent in the first instalment, 65 per cent in the second instalment and 5 per cent in the third instalment, and less than $30,000 in the form of a lump sum payment for repairs and later payments. Regardless of the amount of the work, the applicant is required to provide the original invoices issued by the maintenance and construction unit, which will not be paid in the absence of the original invoices。
Penalties for non-compliance
The property is used to finance the crime under the signature of the owner
The circular made it clear that the pooling of funds strictly applied to the exclusive storage of funds, requiring that funds for maintenance be stored in commercial bank accounts approved by the financial authorities. Development enterprises may not maintain separate accounts for the storage and accounting of funds earmarked for the maintenance of dwellings without the consent of the financial authorities. This means that the financial irregularities in the building during the municipal inspection of the previous building constitute irregularities and that the inspection team requested a deadline for overhaul。
In addition, notification of violations is subject to strict scrutiny. In the normal use of funds for specialized residential maintenance, the property or owner's committee, if verified to be false, such as impersonating the owner's signature, misrepresentation of maintenance projects, prices, etc., will be dealt with by the competent authorities in accordance with the law and will constitute an offence for which criminal liability will be imposed。
Link
Comments available by 2 december
Currently, the circular on the implementation of the provisions is being consulted by the network of municipal housing authority officers. More detailed information can be found on the website and comments or suggestions can be made by fax (0752-2898699), e-mail (3645962@q. Com) and correspondence (housing special maintenance and financial management centre, room 603 east road building, jiangbei campus, hyzhou city, 516002)。
