DES MOINES, IOWA (AP) -- House Speaker-to-be Kraig Paulsen says the Iowa Power Fund is first on his list of program budget cuts.

According to The Des Moines Register, Paulsen told Des Moines business leaders Wednesday that state lawmakers should consider eliminating entire state agencies and programs.

The Iowa Power Fund costs $25 million a year and was created by Gov. Chet Culver to boost development of renewable energy sources in the state.

Paulsen also says he'd replace the Grow Iowa Values Fund with a program "that puts Iowans to work."

Tim Albrecht, a spokesman for Gov.-elect Terry Branstad, says Branstad is still evaluating ways to cut 15 percent from Iowa's spending. Albrecht says no final decisions have been made.

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