Policies Index Comptroller Home UVA Documents Search

Policy: VII.R.6

Issued: February 28, 1992

Owner: University Comptroller

Latest Revision: February 3, 2009

EQUIPMENT FINANCING

1.0 Purpose

This policy describes how departments may go about financing equipment.

2.0 Policy [Top]

Departments have several different options in financing equipment. Those options are:

Other options:

Over $25,000:

NOTE: The submitting office is responsible for coordinating the appropriate Investment & Tax Services review.

Equipment leases, lease/purchases, or installment purchases for the University Division with a contract price of $25,000 or more must be reviewed by Investment & Tax Services.

Equipment leases, lease/purchases, or installment purchases for the Hospital Division with a contract price of $25,000 or more must be reviewed by the Hospital Budget Office.

Under $25,000:

Purchasing will review these purchase requisitions to determine if financing is appropriate and if the terms are satisfactory.

For equipment loans see also:

3.0 Definitions [Top]

4.0 References [Top]

5.0 Approvals and Revisions [Top]


Maintained by University Comptroller
© 2000 by the Rector and Visitors of the University of Virginia