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. The funds raised from these bonds will be utilized for acquiring properties for the corporation's headquarters and purchasing necessary equipment. It delineates the responsibilities of various officials, including the Mayor and the Deputy Mayor for Planning and Economic Development, in executing the bond issuance while ensuring adherence to applicable laws. Importantly, the bonds will be classified as special obligations of the District, meaning they will not create a debt or pledge the District's credit, with payments secured solely by the proceeds from the bond sale and other designated revenues.

The resolution also outlines the terms of the bond issuance, ensuring that no elected or appointed officials, employees, or agents of the District will 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 emphasizes that the issuance of bonds is at the District's discretion and does not obligate the District to issue bonds for the Borrower's benefit or to finance the project, including a disclaimer regarding the project's viability. Additionally, it sets a three-year expiration for the bond authorization if not issued within that period and includes provisions for severability and compliance with public approval requirements, taking effect immediately upon adoption.