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Equipment Management

Transfers and Loans

Loans

Whether it's a computer being loaned to a staff member for a week, or lab equipment being loaned to another institution for two years, follow these procedures to document the terms of the loan and the location of the borrowed equipment:

+ Loan Equipment to Faculty, Staff or Student Employees
+ Loan Equipment to Another Unit
+ Loan Equipment to Another Institution

Transfers

There are different forms and rules depending on the type of transfer and what fund was used to purchase the equipment. Follow these procedures to ensure the paperwork and approvals are correct for your transfer:

+ Transfer Equipment to Another Unit
+ Process an "Internal Sale" of Equipment to Another Unit
+ Transfer Sponsored Equipment to Another University
+ Transfer Non-Sponsored Equipment to Another University

Training Resources

For information about all loans and transfers of sponsored and non-sponsored equipment, consult Fixed Assets 104: Equipment Loans and Other Transfers.

For information about internal sales and transfers of equipment to another unit, consult Fixed Assets 103: FABweb Transfers and Disposals.

Last Updated: July 14, 2015

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