16th section land; authorize local school board to grant an extension to holder of a long-term lease in good standing.

SB 2247 allows school boards in a specific redevelopment area (near I-59 and U.S. Highway 49 in Mississippi) to extend long-term leases for 16th section land (land historically set aside for public schools) held by lessees who are "in good standing" (no outstanding financial obligations and less than 30 years remaining on their original lease). The bill authorizes extensions of up to 25 years, subject to terms acceptable to the school board, with the extension serving as an addendum to the original lease. It applies only to leaseholders meeting these specific conditions within the designated Broadway-West Pine redevelopment zone. The bill amends existing law to provide this extension option without altering standard lease terms for other land types or locations.