An amendment to the legislation governing the Student Loan Fund (SPF) and the Loan Fund for Beginning Teachers (PFZP) has been submitted by MP Miroslav Beblavý of the Slovak Democratic and Christian Union (SDKÚ), who said the changes would improve management of the two funds, the TASR newswire reported.
Beblavý stated that the amendment would introduce savings in the operation of the state-subsidised funds amounting to €160,000 a year and will prevent bonuses being paid to members of the funds' bodies.
TASR wrote that members of SPF's board dismissed the head of SPF, Ľubomír Zburin, in October because Zburin had paid €235,000 in bonuses and other kinds of irregularities in the fund's management were reported.
The MP stated that approximately 20 percent of the funding for SPF and PFZP would be saved and hence the funds would be able to provide more loans at better conditions. Under the amendment the number of members sitting in the management boards of both funds will be reduced and their supervisory boards will be scrapped.
Compiled by Zuzana Vilikovská from press reports
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15. Nov 2011 at 10:00