Issued: May 11, 1999
Latest Revision: July 26, 2010
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]