MS SB2136

Amends Section 57-105-1 of Mississippi Code to add municipal airport authorities to the definition of "public entity" for purposes of the qualified equity investment tax credit program.

Authorizes public entities, including the newly added municipal airport authorities, to create public benefit corporations for financing arrangements related to public property and facilities using New Markets Tax Credit transactions.

Allows public entities to enter into financing agreements for up to 50 years and to transfer public property or facilities to public benefit corporations through sales, leases, or sale-leasebacks related to New Markets Tax Credit transactions.

Enables public benefit corporations to leverage funds from governmental, nonprofit, or for-profit entities for acquisition, construction, and renovation of public properties, with funds dedicated to development, operation, and financing costs.

Takes effect upon passage.