Should the State Oversee the CSU and UC Budgets?

The LA Times posted a long (aka unclear) story today, stating that after years of being "less than fully transparent" with their own finances, then perhaps it is time that the state step of their oversight of both the CSU and UC's annual budgets.

And some good news was included: State Senator Leland Yee (D- San Francisco) has restarted his campaign, vetoed by the Governor this year, which would require CSU foundations and auxiliaries to fully open their books. Last year, the CSU spent more than $2 million dollars to lobby against this proposed law, saying it may discourage donors who wish to remain private. Yeah, right, like that happens everyday!

Here's the link to the full story: State to Oversee CSU and UC Budget?