SB 1040 Creation of a State Debt Dorchester County Patriot Point

About SB-1040

Authorizing the creation of a State Debt not to exceed $500,000, the proceeds to be used as a grant to the Board of Directors of the Patriot Point LLC for the acquisition, planning, design, construction, repair, renovation, reconstruction, site improvement, and capital equipping of the Patriot Point retreat facility, located in Dorchester County; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; etc.