| VOLUME: III |
POLICIES RELATED TO CONTRACT AND GRANT ADMINISTRATION |
| SUBJECT: |
Equipment Transfers |
| SOURCE: |
Financial Management Support |
| DATE ISSUED: |
October 1990, Revised January 1996 |
| POLICY NO.: |
III-70 |
| RATIONALE: |
Establish policy for equipment transfers out of the university. |
| POLICY: |
Indiana University may allow faculty members transferring from the university to take equipment purchased from their grant and contract funds with them so long as they are transferring to another educational institution or nonprofit organization, and so long as they receive approval of their department chairperson, school dean, appropriate campus research office, and the Assistant Vice President of the Research and University Graduate School. Research equipment purchased from external funds is normally considered special purpose due to the uniqueness of the project director’s research. Transfer of equipment purchased with university funds can be accomplished only with reimbursement to Indiana University for the depreciated value of the equipment. |
| PROCEDURE REFERENCE: |
For more detail and definition on this policy, refer to the Indiana University Capital Asset Manual, Accounting for Assets at Indiana University, distributed by the Financial Management Support department. |
| CROSS REFERENCE: |
See Accounting Administration Policy I-170, Custody and Tagging of Capital Moveable Equipment; Policy I-270, Ownership of University Capital Assets. |
| RESPONSIBLE ORGANIZATION: |
Financial Management Support |
