Hawaii Gov. Linda Lingle’s list of possible vetoes includes a bill authorizing $40 million in special-purpose revenue bonds for a firm that wants to use the proceeds to finance projects that would convert organic waste into fuel.

Carbon Bio-Engineers Inc. sought the private-activity bonds to establish cogeneration facilities that would use a range of organic streams, including “invasive species, biomass green-wastes, macadamia nut shells, and tires among other wastes” to create biofuels, according to the company’s written testimony in favor of the bill.

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