Government Owned Equipment:
University Owned Equipment:
Requests to Sell University Equipment:When a piece of equipment is no longer of use to a department, the equipment can be sold for the fair market value (FMV) of the equipment if the required approvals are obtained. The Department must submit an Equipment Disposal Form to Central Procurement with the following information and authorizations:
If Central Procurement Services (CPS) approves the selling price on the request, they will forward the Equipment Disposal Form to the Property Management Section for their approval. The Property Management Section will obtain the required Comptroller's Office approval and return a copy of the form to the requesting department. The equipment may then be sold and will be deleted from the Property records.
Based on this information, The Property Management Section will remove the asset from the Property.
Campus Computer Store: The Property Management Section will remove the asset from the Property records. Transferring Equipment to Other InstitutionsFaculty members often request to take equipment that was purchased on accounts on which they were the Principal Investigator when they leave the University. If the Department Chair and the Dean's representative agree to their request, the following procedure should be followed. The Department must submit an Equipment Disposal Form to the Property Management Section. The Property Management Section will:
Relocation of EquipmentThe department should notify the property Management Section at least annually of any changes in location of equipment within the department.
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