Equipment Transfers
FIN-GCA-70
About This Policy
- Effective Date:
- 10-01-1990
- Date of Last Review/Update:
- 01-01-1996
- Responsible University Office:
- Financial Management Services
- Responsible University Administrator:
Vice President and Chief Financial Officer
- Policy Contact:
Steve Martin
Associate VP Research Administration
stemarti@indiana.edu
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Policy Statement
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.
Procedures
For more detail and definition on this policy, refer to the Indiana University Capital Asset Manual, Accounting for Assets at Indiana University, distributed by Financial Management Services.