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Instead it pools funds from high income countries funds and funds proposals based on merit not political considerations [ 29].
The hedge fund proposal remains in the draft stage.
The Fisher Brothers ultimately withdrew the Knickerbocker Fund proposal.
But details of the fund proposal were vague, and any plan faced political and legal impediments.
The opposition also favours the wise men's "redemption fund" proposal.
Paris appeared to be surprised by the speed of the fund proposal from Germany.
Dolphins' owner Stephen Ross has already had one publicly funded proposal rejected out of hand.
In its broad outlines, the funding proposal from the House is remarkably similar to the administration's request.
Des McNulty, Labour's education spokesman, refused to state what his party's funding proposal would be.
The bankruptcy fund proposal may be controversial as negotiations proceed between the Assembly and the Senate on this package.
Mr. Hevesi angrily denied the allegations, adding that no final decision had been made on the fund proposal.
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