EQUIPMENT LOANS

• 1.0 Purpose
• 2.0 Policy
• 3.0 Definitions
• 4.0 References
• 5.0 Approvals and Revisions

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.

3.0 Definitions [Top]

4.0 References [Top]

5.0 Approvals and Revisions [Top]