In this instance, the Joint Committee on Higher Education in Washington State was directed to review capital funding methods at the 4-year institutions of higher education in the state. The major finding of the study, which emerged after an intensive survey of bond practices, was that some means should be found to enhance management effectiveness in this area. To achieve this aim, a bill has been prepared that authorizes the State Finance Committee to provide coordination and technical assistance in the procedures relating to the timing and sale of bond issues for the institutions of higher education, and a resolution will be offered to give continued study to the possibility of securing more advantageous terms of sale for such bond issues. As a corollary, a bill will be submitted that would allow the state's colleges and universities to share in the deposit interest now distributed to other accounts by the state treasurer. (Author/HS)