The resolution authorizes the issuance of up to $550 million in revenue bonds by the District of Columbia to finance various projects at the Children's Hospital. This funding will support the expansion and renovation of healthcare facilities, including a 14-bed expansion of the Pediatric Intensive Care Unit, upgrades to the Emergency Room, and the construction of a new Special Maternal Delivery Unit. Additionally, the funds will be used to refinance previous bonds and cover certain working capital costs and issuance expenses. The resolution emphasizes that the bonds will not constitute a debt of the District and will be secured solely by the proceeds from the bond sale and other specified revenues.

The resolution also details the roles and responsibilities of officials involved in the bond issuance and management, ensuring that district officials will not be personally liable for the bonds. It establishes that the signatures on the bonds remain valid even if the signatory is no longer in office at the time of delivery. Furthermore, it clarifies that the issuance of bonds is at the District's discretion, with no obligation to issue them for the Borrower's benefit, and includes provisions for expiration if bonds are not issued within three years. The resolution is designed to enhance the health and welfare of District residents and takes effect immediately upon adoption.