What are formal decisions made by governing bodies regarding bonds called?

The formal decisions made by governing bodies regarding bonds are accurately termed as bond authorizations. This terminology reflects the specific process through which a governing body, such as a city council or other municipal authority, officially approves the issuance of bonds. This decision typically involves specifying the details of the bonds, such as the amount, purpose, and terms of repayment.

Bond authorizations are crucial as they provide the legal framework that allows municipalities to raise funds through the issuance of bonds, which are then used to finance public projects or initiatives. This process typically includes adherence to various statutory requirements and often involves public hearings or other forms of community engagement prior to the authorization.

The other terms do not align with the formal process of bond approval by municipal governing bodies. While "Governing Resolutions," "Legislative Body Resolutions," and "Financial Declarations" might involve various types of official decisions or declarations made by municipal bodies, they do not specifically denote the process of bonding. Hence, bond authorizations is the precise and appropriate term relevant to this context.