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 will be used for financing, refinancing, or reimbursing costs related to the acquisition of properties for the corporation's headquarters, as well as the purchase of necessary equipment and furnishings. It outlines the roles of key 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 pledge of the District's credit or taxing power, ensuring that financial obligations are limited to the proceeds from the bonds.

The resolution also establishes that district officials and employees will not be personally liable for the bonds or related agreements, and it ensures the validity of signatures on the bonds even if the signatory is no longer in office. It 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. Additionally, the resolution clarifies that the issuance of bonds is at the District's discretion, with no obligation to issue bonds for the Borrower's benefit, and includes provisions for expiration if bonds are not issued within three years. The resolution takes effect immediately upon adoption, aiming to promote economic development and job creation within the District while safeguarding the District's financial interests.