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Policy: VII.R.10x (inactive)

Issued: May 11, 1999

Owner: Procurement Services

Latest Revision:

EQUIPMENT LOANS


**INACTIVE POLICY**

For Current Policies:
Policy Table of Contents

 

1.0 Purpose

This policy describes how approval for equipment loans can be obtained.

2.0 Policy [Top]

Vendors often offer to loan equipment to the University, particularly new, state-of-the-art equipment for the purposes of trial and evaluation, testing, experimentation, familiarization, verification of specifications, or to replace equipment in repair. Typically, vendors will loan equipment at no charge for a specified period of time.

Any department considering equipment to be loaned to the University by a vendor MUST receive approval from Procurement Services before accepting any such equipment.

The loan of computers and related automated data processing (ADP) resources also requires the approval of the State Department of Information Technology.

See also:

Procedure 7-93, "Completing Equipment Loan Agreement."

3.0 Definitions [Top]

"Equipment" is defined as having a value of $2000 or more and a useful life of one year or more.

4.0 References [Top]

5.0 Approvals and Revisions [Top]


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