All equipment is either property of the State of Oregon or property of the agency sponsoring your research. You are the custodian, not the owner.
1) Equipment purchases on Grants MUST BE BUDGETED.
2) If you "split-fund" an equipment purchase such that each index pays less than $5,000.00 the item is still equipment and must be budgeted and allowable. The cost of the item determines its accounting treatment, not the source of the dollars.
3) Do not attempt to pay for equipment purchased using "split-funding" unless you check with the Business Office first. Using more than one index for payment can cause problems and delayed payment.
4) Do not take property off campus without filling out an Equipment Loan Agreement Form.
5) If you lend the University equipment or use equipment borrowed from elsewhere, complete a Personal Property Loan Agreement Form.
6) Equipment items are tagged and inventoried. We must report any change of location of the item(s), so please keep the Business Office informed if you move the equipment.
7) IF YOU LEAVE THE UNIVERSITY, you cannot take equipment with you even on a continuing research project without completing an Equipment Loan Agreement form. Contact the Business Office as soon as you can to make arrangements for a smooth transition.
