Property Administration Surplus and Disposal
Property Administration is the University's vehicle to track and dispose of surplus property. Surplus property is defined as any property or material which a department or office determines it no longer needs to continue its operation. Surplus property includes: computers/peripheral equipment, office equipment, office furniture, industrial and laboratory equipment, foodservice equipment, donations, appliances, maintenance/shop equipment, and audio visual equipment.
When a University department relinquishes surplus property, the surplus property program will take possession of these items and will be responsible for pick-up, transfer, and, ultimately disposal of the item. These goods will be available to other university departments at no cost.
The Capital Asset Transfer Form or Capital Asset Disposal Form must be filled out completely with appropriate signatures and sent to Property Administration. Property Administration will then pick up the surplus property and compile a surplus property list for review by the Vice President of Financial Affairs. Surplus will then be disbursed accordingly.
An annual public sale will be held to reduce the amount of surplus goods. Equipment and items transferred, sold, traded-in, given, or, otherwise disposed of carry no warranty from the University. The University accepts no liability, and, all transactions are 'as is' and all sales are final. Proceeds from the sale are deposited in the University's General Fund account.