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Policy: VII.D.4

Issued: May 11, 1999

Owner: Director of Procurement Services

Latest Revision: July 26, 2010

EQUIPMENT LOANS

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]


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