The America’s Cup legislation introduced in the House last Friday permits the America’s Cup Event Authority [ACEA] to import up to 80 motor vehicles up to limousine size and exempts ACEA from any fees payable under the Air Navigation Regulations 2012 in relation to helicopters and drones.
The legislation was introduced in the last session of the House of Assembly by Minister of Economic Development Dr Grant Gibbons, who said it ”makes provision for the legislative amendments required for Bermuda to deliver its commitment to facilitate and assist in the conduct of the 35th America’s Cup in Bermuda.”
The bill permits America’s Cup Event Authority [ACEA] and its designated commercial partners to “import and licence for use on the road without paying any licence duty or fee which would otherwise be payable under the Motor Car Act 1951, a total of 12 motor vehicles up to Class H size and 80 motor vehicles up to limousine size.
“This is subject to conditions in subsection , including the condition that no fee is to be charged in respect of the use of the vehicles and that the 80 vehicles are driven only by a person falling within the definition of Bermudian labour.”
The bill also “exempts ACEA and its designated commercial partners from any fees payable under the Air Navigation [Fees for Certificates and Services] Regulations 2012 in relation to helicopters and drones brought to Bermuda for the purposes of the Bermuda events.”
Clause 8 of the bill said, “That if an occasional licence is granted for a closed off area of Front Street in Hamilton for a Bermuda Event, alcohol sales will be permitted in that area provided that there is no public access for motor vehicles to that area…”
Bermuda will be hosting the America’s Cup in 2017, and it has been predicted that the island will benefit from approximately $250 million in additional on-island spending from hosting the America’s Cup.
The full America’s Cup Act 2014 — as tabled — follows below [PDF here]: