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Request transfer of funds from CBA bond proceeds for capital maintenance projects in Virginia\'s educational facilities for 2024.
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A capital maintenance reserve requisition is a request for funds set aside to maintain or improve a property, ensuring that capital assets are preserved and that necessary repairs or upgrades can be completed.
Property owners or property management companies responsible for maintaining a reserve fund for capital expenditures are typically required to file a capital maintenance reserve requisition.
To fill out a capital maintenance reserve requisition, one must provide information about the property, specify the amount requested, detail the purpose of the funds, and include any relevant documentation to support the request.
The purpose of a capital maintenance reserve requisition is to ensure that adequate funds are available for necessary maintenance and repair of capital assets, thereby extending the life of the property and improving its value.
The information reported on a capital maintenance reserve requisition typically includes the property address, the amount of funds requested, the intended use of the funds, and any associated costs or estimates for the maintenance work.
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