PETALING JAYA: Finance Minister Lim Guan Eng has proposed the setting up of a trust fund for the benefit of the Tunku Abdul Rahman University College and its students.
This proposal is the latest development in the issue of government matching grants for the MCA-controlled TAR UC. In a statement today, Lim said the government approved an annual allocation of at least RM30 million for this fund, which will be managed by the Tunku Abdul Rahman Alumni Association . “The trust fund will manage the RM30 million a year without the involvement or interference of the government or any political party, be it MCA or Pakatan Harapan.”The channelling of funds from the trust fund to TAR UC, Lim said, could still happen on the condition MCA leaders relinquished their ownership, administration and positions on the institution’s board of trustees and board of governors.
Splitting hairs & merely creating a '1 institution, 2 system'.
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