West End Development Corporation Amendment Act 2006
WEST END DEVELOPMENT CORPORATION AMENDMENT ACT
2006



BERMUDA

2006 : 16

WEST END DEVELOPMENT CORPORATION AMENDMENT ACT
2006

Date of Assent: 26 June 2006

Operative Date: 26 June 2006


WHEREAS it is expedient to amend the West End Development

Corporation Act 1982.

Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:

Short title
1 This Act, which amends the West End Development Corporation
Act 1982 (“the principal Act”), may be cited as the West End
Development Corporation Amendment Act 2006.

Amends section 20
2 Section 20 of the principal Act is amended —

(a) by repealing subsection (1) and substituting the following
subsection—

“(1) The Corporation shall have full power to acquire, hold
and dispose of land and any other kind of property in
accordance with this section.”;

(b) by inserting next after subsection (1) the following
subsection —

“(1A) The Corporation may make a disposition of any land
in the scheduled area for a term not exceeding 120 years or


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WEST END DEVELOPMENT CORPORATION AMENDMENT ACT
2006


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for terms renewable at the option of the grantee not exceeding
in the aggregate 120 years.”; and

(c) by inserting after subsection (3) the following subsection—

“(4) Notwithstanding subsection (2), the Corporation shall
obtain the consent of the Minister to any disposition of land
for a term exceeding 21 years or for terms renewable
exceeding in the aggregate 21 years except that such consent
shall not be given without the prior approval of Cabinet.”.