MS SB2712

Establishes that leases of sixteenth section lands duly executed by school boards are presumed valid without requiring Secretary of State approval before execution.

Requires school boards to provide the Secretary of State with notice of lease execution within 10 days; the Secretary may only challenge a lease by filing suit in chancery court within 30 days and proving by clear and convincing evidence that the lease is unconscionable or otherwise invalid.

Grants immunity from individual liability to school board members acting in good faith and relying on advice from the board attorney when entering into such leases.

Applies the presumption of validity and notice requirements to re-leases of sixteenth section lands under existing renewal and extension provisions.

Takes effect upon passage.