A. Personally Owned Property
If a university employee keeps personally owned
property on campus, it should be reported
to his/her department and identified as personal
property. The university will not be
responsible for loss or damage to personal
property.
B. Loaning Property
Loans of property must be properly documented.
1. Loans of Capitalized Property (Tangible Property
Over $5,000) to Employees for
Off-Campus Use.
Any loan of
capitalized university property to an employee for
off-campus use must have
prior,
written approval of a Dean, Director or Chair. All
property being loaned is to be
listed on a
Property Action Request Form, and submitted to the
Property Office. Tracking
and liability
of loaning property to employees for off-campus use
will be the responsibility
of the
loaning department.
2. Loans of Non-Capitalized Property
(Tangible Property between $1,500 and $4,999.99)
to Employees
for Off-Campus Use.
Tracking and
liability of loaning non-capitalized property to
employees for off-campus
use will be
the responsibility of the loaning department.
3. Loans of Property to External
Organizations.
Use of
university property by an external organization,
whether initiated by the university
or the
external organization must have the prior written
approval of a dean, director or
chair. The
Department must complete a Property Action Loan
Agreement Form and
forward a
copy to the Property Office.
