The Disposition of Institutional Receipts
C ONTROL exercised by the state governments over the disposition of receipts collected by state universities and colleges from the conduct of their various services and activities has a vital influence on the financial administration of the institutions. One of the foremost questions involved in the control is whether the institutions are permitted to retain possession of the receipts and to expend them in defraying their regular operating expenses or whether the institutions are required to pay the receipts into the general revenue fund of the state. Another aspect of equal importance is whether the state legislatures deduct the receipts from the appropriations made for the support of the institutions or whether the appropriations are supplemental or additional to the receipts. Other limitations placed by the states on the use of the receipts by the institutions have a further