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Senate Session 2020/2021 34 speeches

July 26, 2021

Official Hansard Report - Senate

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Session Summary

Simplified for You

Senators questioned Minister Peets about a $3.2 million loan the National Sports Centre took with HSBC to fund a solar energy project by Atlantic Energy Solutions. The Minister explained the loan was approved by trustees on May 20, 2021, and will be repaid through savings on electricity bills. The main debate focused on proposed changes to planning laws that would speed up approval of Special Development Orders by removing the requirement for Parliament to vote on them, replacing it with public consultation instead.

Chamber Senate
Date Jul 26, 2021
Session 2020/2021
Transcript View PDF
Speakers 5
Speeches 34

Key Topics

Questions about the National Sports Centre's loan agreement with HSBC for the Atlantic Energy Solutions projectDevelopment and Planning Amendment Act 2021 - changes to how special development orders are approvedEmergency development procedures during national emergenciesProtected conservation areas for environmentally sensitive land

Bills & Motions

Financial Assistance Amendment and Validation Act 2021 - First reading completed
Development and Planning Amendment Act 2021 - Second reading debate held (concerns raised about removing parliamentary oversight of development approvals)

Notable Moments

Senators raised concerns about the National Sports Centre's poor finances (showing a $1.7 million deficit) while taking on new debt
Multiple Senators opposed removing Parliament's role in approving development orders, arguing it removes important checks and balances
There was confusion during questioning about signing dates and authorization details for the NSC loan

Debate Transcript

34 speeches from 5 speakers
Madam President. The President Good morning.
Sen. the Hon. Dr. Ernest Peets We have three questions that were submitted for oral response. If it is customary for me to read the question and then the answer, I will go ahead and proceed. The President: Yes. Well, I will read the question and then you will prepare the answer. QUESTION 1: NATIONAL SPORTS …
Sen. the Hon. Dr. Ernest Peets Thank you, Madam President. The response to said question: The National Sports Centre Board of Trustees agreed to accept the Bermuda Senate HSBC financing and terms at its meeting dated May 20, 2021. The President: Thank you. Is there a response ? Supplementary questions for the Gover nment? SUPPLEMENTAR IES …
Sen. the Hon. Dr. Ernest Peets Is there a second supplementary question? The President: Senator Ben Smith, do you have a second supplementary?
Sen. the Hon. Dr. Ernest Peets I will answer both. Sen. Ben Smith: Yes, Madam President. So my second supplementary will be, This being approved, was this the original contract that had been approved in 2018 that is now being approved in 2021? And if that is different, please explain why it did not go back …
Sen. the Hon. Dr. Ernest Peets Thank you, Senator, and thank you, Madam President. The reply to the first question, which was, Would the Minister be minded to table the minutes from May 20, or the minutes, I would imagine, surrounding this particular decision? I have made no such decision at this time. But I will …
Madam President. The President Good morning. SUPPLEMENTARY Sen. Marcus Jones: Good morning to my colleagues. Following up on the original question that was asked, would the Minister explain to us Government policy that dictates by what we have seen, not only in the public domain but in practice, that if significant terms of a …
Sen. the Hon. Dr. Ernest Peets Yes, thank you. In response to Senator Jones’s supplementary question, I cannot speak for the overall practice for the civil service and for the Government. I can say in this particular circumstance, the contract was not put out for tender. The financing arrangements were vetted by the Ministry of Finance, …
Sen. the Hon. Dr. Ernest Peets Madam President, I was taking some notes so I can better understand the Senator’s question. If I fail to answer the question a ppropriately, I certainly do apologise. I can try to repeat what I think I heard. The first question I think the Senator was r eferring to was …
Sen. the Hon. Dr. Ernest Peets Thank you, Madam President. The President: Minister Peets.
Sen. the Hon. Dr. Ernest Peets In response, the HSBC facility letter is signed by the National Sports Centre Chairman and the Minister of Finance on the basis of the board of trustees’ approval, dated the 20 th of May 2021, and approval from the Minister of Youth, Culture and Sport in accordance with section 10(3) …
Sen. the Hon. Dr. Ernest Peets Thank you, Madam President. The supplementary question from the Senator on the floor is for the Minister to confirm whether or not the NSC Chair was a signator on the contract? Do I understand that correctly? The President: Yes.
Sen. the Hon. Dr. Ernest Peets Yes. Bermuda Senate The NSC Chair was a signator on the contract for this particular project. The President: Thank you, Minister Peets. Do you have a supplementary, Senator Ben Smith? [No audible response] The President: Would any other Senator care to ask supplementary questions? Senator Robin Tucker, you have the …
Sen. the Hon. Dr. Ernest Peets Point of clarity. The President: Minister Peets. POINT OF CLARIFICATION Sen. the Ho n. Dr. Ernest Peets: I think there may have been a misunderstanding. The previous question by Senator Smith and the second question by the Senator do not seem to be the same question. And if I am …
Sen. the Hon. Dr. Ernest Peets Thank you, Madam President. There is a clerical problem as it relates to a particular date. There is a facility letter that was signed by the chairman on the 19 th. That date is act ually incorrect. That is a typographical error; it should have been the 20 th. The …
Sen. the Hon. Dr. Ernest Peets Madam President, the management accounts for the fiscal year ending March 31, 2021, show a deficit of approximately $1.7 million. The management accounts for the most r ecent quarter ending the 30 th of June 2021 show a net loss of $20,000. The cost of electricity for the NSC would …
Sen. the Hon. Dr. Ernest Peets The interest for the loan, there has been a grant supplied by the Bermuda Government in the financing deal for the NSC project to account for the loan interest. The monies saved from BELCO regarding the monthly bill will go towards repaying the loan with HSBC. The President: Thank you, …
Sen. the Hon. Dr. Ernest Peets I do apologise. My microphone was turned off. Right now what we can share, and share with a great deal of confidence, is that this $3.2 million loan has a five- year term, with about six months of interest, which is being funded by a special grant, which I had …
Sen. the Hon. Dr. Ernest Peets Madam President, earlier in this parliamentary session, the Ministry pr esented the audited financials for the NSC. And as such, that information is in the public domain. At the moment I still do not have readily accessible to me the monthly estimates around revenue for the NSC, based on the …
Sen. the Hon. Dr. Ernest Peets Yes, Madam Pres ident. The President: Senator Jones, you can ask your clarification question. POINT OF CLARIFICATION Sen. Marcus Jones: Thank you. Minister Peets, can you confirm or deny that 2016 is the [year of the] most recent audited financial statements that we have on record for the NSC? I …
Sen. the Hon. Dr. Ernest Peets Madam President, I do not have that information directly in front of me, but as I mentioned we did table the audited financials for Bermuda Senate the NSC in this recent parliamentary session. I would suggest anyone w ho is looking for specific information to access that publicly through their …
Sen. the Hon. Dr. Ernest Peets Yes. We are certai nly very, very invested in this particular project. This project is absolutely necessary. The problem that we have of course is that the current BELCO usage for this particular facility, which is our primary sporting facility, is something that is not sustainable. As such, the NSC …
Sen. the Hon. Dr. Ernest Peets Sure. The bidding process for this project took place a number of years ago, perhaps over three years ago. That process was very, very extensive and very, very, very thorough. ASG was awarded the contract based on the fact that it was peer -reviewed and [deemed] to be the best …
Sen. the Hon. Dr. Ernest Peets Madam President. The President: Minister Peets, you have the floor.
Sen. the Hon. Dr. Ernest Peets Thank you, Madam President. I think it is important for this Chamber, as well as the listening public, to know that the Minister, the Perma nent Secretary [PS], the Director and all of the individuals who were responsible for bringing this par-ticula r amendment before us, [recogni se] the fact …
Sen. the Hon. Dr. Ernest Peets To going into Committee? The President: Yes.
Sen. the Hon. Dr. Ernest Peets Object. The President: Two objections. An Hon. Senator: Three. I object. The President: So the Clerk will take a vote of all Senators with respect to whether or not the Senate will go into Committee on this Bill. Sen. Marcus Jones: A point of clarification, Madam President. Can this Chamber …
Madam President. The President We now move on to the next item on the Orders of the Day. That is, items that may be considered under the provision of Standing Order 25. And that is the second reading of the Financial Assistance Amendment and Validation Act 2021. This is also in the name of …
Sen. the Hon. Dr. Ernest Peets I do apologise, Madam President. I was just taking my seat. Madam President, I have had the opportunity to work in social services for the better part of ma ybe perhaps two decades. And there is a lot of convers ation that we can have about the various factors on …
Sen. the Hon. Dr. Ernest Peets Yes, Madam Pres ident. The President: Dr. Peets, Hon. Dr. E. G. Peets.
Sen. the Hon. Dr. Ernest Peets Thank you. Just for a moment to offer one [expression of] condolences, as well as one congratulatory remark. I was saddened to learn this weekend that we lost one of our seasoned entertainers in Gilbert Caisey, also known as “Bill.” And we certainly want to send our condolences from the …
Sen. the Hon. Dr. Ernest Peets Just a little west of Maximart, Dana Selassie has had her inaugural ope ning of the Buna Gallery & Coffee House. Apparently it is going to be the brand- new hub of entertainment and culture and the arts. And I had a fantastic time last night. I certainly will be …
Sen. the Hon. Dr. Ernest Peets Madam President, I make a motion that the Senate adjourn until Septem-ber 15, 2021. The President: Thank you. Would any other Senator care to speak on the motion to adjourn? Hearing, seeing none, Senators, we will a djourn until September 15. And I want to wish you all a very …
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