This conference report on legislative decisionmaking in higher education is primarily concerned with the financing of colleges and universities. Management systems information is provided, and sessions were held on "How can a state tell whether or not it is getting its money's worth?" and "How to allocate funds for various segments of higher education." However, all of the sessions did not deal with dollar questions. Other topics that captured the interest of the more than 200 legislators, educators, and government officials included: (1) relevance in higher education; (2) academic freedom and alternatives to faculty tenures; (3) the primary functions of a state board of higher education; (4) who determines an institution's role and objectives; and (5) facts about WICHE with particular emphasis on its Student Exchange Programs. (HS)