Property disposition requires the written approval of the cognizant
department head. Marketable surplus property is sold through the
respective campus Purchasing Department. Property belongs to the
University, not individual University departments; therefore income from
the sale of an item is credited to the general or endowment funds of
the University. Departments may not give or sell property to
individuals, including University employees, or to non-University
Note: This policy
does not apply to real property for which disposition is handled jointly
by the Business and Finance Division and Board of Regents.
Surplus property includes, but is not limited to, surplus or obsolete
movable equipment. Movable equipment includes office furniture, office
equipment, scientific or clinical equipment, musical instruments,
vehicles, maintenance equipment.
See the University's Signature Authority Policy for signature
authorization requirements for agreements related to the Disposal of
Property and Electronic Waste.
Follow the procedure below for disposing surplus property:
For purposes of this policy, computer equipment is defined as a data
storage device (i.e., server, central processing unit, hard drive,
Contact the Purchasing Department for additional information.