The resolution authorizes the issuance of up to $80 million in revenue bonds by the District of Columbia to support the National Links Trust Inc. in financing the renovation and construction of three golf course facilities in Washington, D.C. This initiative aims to enhance local sports, entertainment, and recreational offerings, thereby contributing to the economic development and welfare of the District's residents. The resolution delineates the responsibilities of various officials, including the Mayor, in overseeing the bond issuance process and ensuring adherence to applicable laws, while also establishing that the bonds will be special obligations of the District, not constituting a debt or utilizing the District's taxing power.

Furthermore, the resolution stipulates that the repayment of the bonds will rely solely on the proceeds from the bond sale and other designated revenues, without drawing from the District's general funds. It includes provisions to limit the liability of District officials regarding the bonds and related agreements, ensuring that they are not personally liable. The resolution also mandates the filing of bond documents with the Secretary of the District of Columbia and requires the Mayor to report on the bond proceedings to the Council within three days. Importantly, it clarifies that the issuance of bonds is at the District's discretion and does not guarantee the project's viability or the financial soundness of the borrower, with a three-year expiration for the bond authorization if not executed within that period. The resolution takes effect immediately upon adoption.