Culver signs $100 million power fund
6:20 PM
By Dan GearinoLee Newspapers | Posted: Wednesday, May 23, 2007
AMES n Gov. Chet Culver signed the Iowa Power Fund into law Wednesday, a $100 million program that aims to improve renewable-fuels research and energy efficiency.
Culver invoked the legacies of some famous Iowans n including environmentalist Aldo Leopold and agricultural scientist Norman Borlaug n to underscore the state's ongoing attempt to harness and preserve its natural resources.
"This will begin the process of making our entire state a laboratory so we can remain on the cutting edge of renewable energy," he said.
The signing ceremony was held in a food science lab at Iowa State University, with the governor and state dignitaries standing on a smooth concrete floor in front of stainless steel equipment. A similar event was held later in the day at the University of Northern Iowa to sign a related measure.
The Power Fund will be overseen by a new office within state government that will have a director and an 11-member board. The board will use the $100 million, spread out over three years, to invest in research projects at private companies and at state universities. In some cases, the state will be entitled to a share of the financial proceeds from the research.
Read the complete story in Thursday's Sioux City Journal.
Culver invoked the legacies of some famous Iowans n including environmentalist Aldo Leopold and agricultural scientist Norman Borlaug n to underscore the state's ongoing attempt to harness and preserve its natural resources.
"This will begin the process of making our entire state a laboratory so we can remain on the cutting edge of renewable energy," he said.
The signing ceremony was held in a food science lab at Iowa State University, with the governor and state dignitaries standing on a smooth concrete floor in front of stainless steel equipment. A similar event was held later in the day at the University of Northern Iowa to sign a related measure.
The Power Fund will be overseen by a new office within state government that will have a director and an 11-member board. The board will use the $100 million, spread out over three years, to invest in research projects at private companies and at state universities. In some cases, the state will be entitled to a share of the financial proceeds from the research.
Read the complete story in Thursday's Sioux City Journal.
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sp wrote on May 23, 2007 9:29 PM:
Agnostic Front wrote on May 23, 2007 8:06 PM: