Authorizing the creation of a State Debt in the amount of $1,335,000, the proceeds to be used as a grant to the Mayor and City Council of the Town of Ocean City for the acquisition, planning, design, construction, repair, renovation, reconstruction, site improvement, and capital equipping of the Ocean City Convention Center project, located in Worcester County; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; etc.