The resolution authorizes the issuance of up to $37.5 million in District of Columbia revenue bonds on an emergency basis to support the USBC Economic Development Corporation in financing a designated project. This project involves acquiring properties for the corporation's headquarters and purchasing related equipment and furnishings. The resolution delineates the responsibilities of various officials, including the Mayor and the Deputy Mayor for Planning and Economic Development, in facilitating the bond issuance and loan process. Importantly, the bonds will be special obligations of the District, meaning they will not constitute a debt or utilize the District's taxing power, and the proceeds will be strictly allocated for the specified project.

Additionally, the resolution outlines the terms of the bond issuance, ensuring that elected officials and employees will not be personally liable for the bonds or related agreements. It mandates that the signatures on the bonds remain valid even if the signatory is no longer in office at the time of delivery. The resolution also emphasizes 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. It includes a three-year expiration for the bond authorization if not issued within that period and establishes provisions for compliance with public approval requirements. The resolution takes effect immediately upon adoption.