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 a project that involves 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 Mayor is empowered to oversee the bond issuance process, including setting the terms and ensuring compliance with applicable laws.

The resolution delineates the responsibilities of involved parties, including the Mayor and the National Links Trust Inc., and clarifies that the bonds will be special obligations of the District, meaning they do not constitute a debt or pledge of the District's credit. It emphasizes that repayment will come solely from bond sale proceeds and other specified sources, limiting the District's financial liability. Additionally, it includes provisions for the validity of signatures on the bonds, mandates filing with the Secretary of the District of Columbia, and establishes a three-year expiration for the bond authorization if not executed within that period. The resolution takes effect immediately upon adoption and includes disclaimers regarding the District's obligations and the project's viability.