This Act concerns the development of land described in the Schedule. Section 3 provides for the creation of the Bermuda Land Development Company Limited. The general purpose of the Company is to manage, or oversee the management of, the land entrusted to it with a view: (a) generally, to the integration of that land into the economic and social fabric; (b) in particular, to the creation of opportunities for increased employment now and in the future, in furtherance of the well-being of the present and future generations of Bermudians. The Government may lease land to the Company pursuant to section 9. The Minister may give a direction to the Company under section 12. The land entrusted to the Company is land formerly forming part of naval bases.
Amended by: Base Lands Development Amendment Act 2006 (No. 21 of 2006). (2006-06-26)
Amended by: Base Lands Development Amendment Act 2010 (No. 57 of 2010). (2010-12-14)
Authors and Publishers
Government of Bermuda
Bermuda was first settled in 1609 by shipwrecked English colonists heading for Virginia. Self-governing since 1620, Bermuda is the oldest and most populous of the British overseas territories. Vacationing to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has also developed into a highly successful offshore financial center. A referendum on independence from the UK was soundly defeated in 1995.
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