Authorizing the creation of a State Debt not to exceed $150,000, the proceeds to be used as a grant to the Mayor and City Council of Pocomoke City for the repair and renovation of the facility located on Main Street in Pocomoke City; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; and providing generally for the issuance and sale of bonds evidencing the loan.