POLICY: |
OWNERSHIP OF RESEARCH EQUIPMENT PURCHASED FROM GRANT OR CONTRACT FUNDS |
Effective Date: |
December 20, 1973 |
Revised Date: |
June 1976 |
Review Date: |
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Approving Body: |
Board of Governors |
Authority: |
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Implementation: |
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Contact: |
Vice-President (Administration) |
Applies to: |
All Staff |
When research is undertaken on a contract basis, the sponsoring organization may wish to retain ownership of research equipment. Such a policy is undesirable from the University's standpoint, unless the equipment (a) is not useful for additional research and/or teaching, or (b) is too costly and difficult to maintain after the original research is completed.
Policy
NOTE: It is important that the Comptroller be informed of any equipment which is purchased for the University, or equipment that is to be used at the University although title vests with the sponsoring agency. This equipment has to be included in our appraisal of inventory and a proper note made that the equipment does not belong to the University.