It is the purpose of this study to conduct a detailed inquiry into the reorganization of the governmental machinery for administering State financial affairs as it effects State higher education in each of the 48 States. Among the pertinent questions to be answered are the following: (1) In which of the States has the centralized fiscal control been made applicable to State higher educational institutions?; and (2) What are the specific fiscal powers conferred on the Governor or some State central executive agency over the institutions and what procedures are prescribed for enforcing them? The material comprising the inquiry will be presented under three general topics representing the main phases of fiscal control vested in the Governor or some other State executive agency. These topics are: (1) Control over the appropriations of the institutions before made by the State legislature; (2) Control over the appropriations of the institutions after made by the State legislature; and (3) Control over the post-auditing of the financial accounts of the institutions. The principal source of the material upon which the study is based was the sections of the legal codes of the several States relating the reorganization of State fiscal machinery. Individual sections contain footnotes. (Contains 12 tables.) [Best copy available has been provided.]