The resolution authorizes the issuance of up to $22 million in revenue bonds by the District of Columbia to support the Richard Wright Public Charter School. The funds will be used for the acquisition, renovation, and construction of a new school facility located at 475 School Street, SW, Washington, DC. It outlines the responsibilities of various officials, including the Mayor and the Deputy Mayor for Planning and Economic Development, in managing the bond issuance process. Importantly, the bonds will be special obligations of the District, meaning they do not constitute a debt or pledge of the District's credit or taxing power, and the District will not be liable for any payments beyond the specified revenue sources.

The resolution also details the terms and conditions surrounding the bond issuance, ensuring that district officials and employees are not personally liable for the bonds or related agreements. It establishes that the signatures on the bonds remain valid even if the signatory is no longer in office at the time of delivery. Additionally, it clarifies 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. The resolution includes provisions for expiration if bonds are not issued within three years, compliance with public approval requirements, and mandates the adoption of a fiscal impact statement, taking effect immediately upon adoption.