With the advent of the child and the joy associated with this event, both expenses and the need to improve living conditions come. The state provides the so-called "maternal capital" after the birth (or adoption) of the second and subsequent children.
The amount of maternity capital is provided only in the form of cashless payments. Any attempt to cash it is illegal. When committing such an illegal act, the holder of the financial subsidy certificate falls under the article on misuse of public funds. The law provides for only three main areas of use of the money received.
Home improvement
The law stipulates that the amount of maternal capital (in whole or in part) can be used no earlier than when the child reaches the age of three (or three years from the date of adoption). An exception to this scheme is the acquisition of housing.
In cases where the funds of the maternity capital are used to pay a mortgage, purchase or build housing, you can use them without waiting for the expiration of three years from the birth of the child. The concept of "improving housing conditions" also includes the overhaul of an existing house. The main condition: purchased (under construction, repaired) housing must be located in the Russian Federation.
Child education
The second direction of the use of maternal capital is the education of the child. This includes not only education at a university, but also the upkeep of children in a kindergarten or similar institution that provides pre-school education or basic general education programs (primary and full). The subsidy can be split into parts, covering the child's need for all levels of education.
You can study with the money received exclusively on the territory of the Russian Federation. The organization providing educational services must have state accreditation. Capital can be used on any of the children, if its age at the time of the beginning of training did not reach the mark of 25 years. While there is no permission to use these funds in order to receive education by the child’s parents, some deputies have already expressed similar proposals.
