Des Moines Register, IA 05-24-07 Governor signs bills fostering renewable energy The state will spend $100 million over four years to aid development. By JASON CLAYWORTH REGISTER STAFF WRITER Ames, Ia. - It's official: Iowa will pump $100 million into boosting its renewable fuel research and production. Gov. Chet Culver signed legislation Wednesday that will allocate the money to promote such things as wind power and ethanol-like improvements over the next four years. Culver called the bill historic legislation, telling a crowd of about 50 people at Iowa State University "Our 21st century Iowa expedition starts now." Said Culver, "This will begin the process of making our entire state a laboratory so that we remain a cutting edge of all forms of renewable energy." The legislation creates a new Office of Energy Independence. The office will pursue new research investments with government and private businesses, as well as help create an Iowa energy independence plan. The goal is to wean Iowa from its dependence on foreign oil by 2025, Culver said. Iowa State University President Gregory Geoffroy praised the legislation Culver signed. "We are going to do for biomass what George Washington Carver did for the peanut, and it won't be for peanuts," Geoffroy said. He was referring to the internationally famous scientist, who was a student and later a faculty member at what is now Iowa State. Carver is best known for developing multiple uses for the peanut, including peanut butter. The $100 million in the Iowa Power Fund will be spent over the next four years. Culver said he plans to name the director of the Office of Energy Independence and appoint seven of the 11 Power Fund board members around July 1. The other four members of the board will be state officials, such as the director of the Iowa Department of Natural Resources. Culver predicted the fund would leverage "hundreds of millions, if not billions of dollars" of additional investments in the state from private and federal sources. The legislation consists of two bills. House File 918 essentially creates the program; House File 927 allocates money for it. Culver signed House File 918 at ISU's Food Sciences Building. He signed House File 927 later at the Center for Energy and Environmental Education at the University of Northern Iowa in Cedar Falls. Larry Johnson, director of the ISU Center for Crop Utilization Research, called the legislation a strong first step. "This is a very significant investment, but it's a piece of the total investment that is going to need to be made," Johnson said. Sen. Bill Dotzler, a Waterloo Democrat who attended the bill signing in Ames, said the Power Fund has added importance as the nation takes on energy challenges. "This Power Fund bill is something the people of Iowa dearly want," Dotzler said. "They want us to look towards alternative forms of energy to help lead the way and lead the country."