Repairs & Maintenance Fund – Definition

by Vishnu

In the context of Co-operative Housing Societies (CHS),

A Repairs & Maintenance Fund consists of contribution from all Members, at the rate fixed at the General Body Meeting from time to time, subject to the minimum of of 0.75 percent per annum of the construction cost of each flat for meeting expenses of normal recurring repairs.

Utilization: The Repairs and Maintenance Fund may be utilized by the Committee for meeting the expenditure on maintenance of the society’s property and repairs and renewals thereof.

This is per the Model By-Laws of Maharashtra.

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