FIN 126 Table

Summary Determination Checklist

1. Is the private (non-ASU) use in an ASU facility that is tax-exempt financed (see the listing of facilities that are tax-exempt financed)?

   If yes, go to Step 2.

   If no, no further review is needed.

2. Is the facility use for research sponsored by private (nongovernmental) parties?

   If yes, research must be handled by ASU’s Office of Research and Sponsored Projects.

   If no, go to Step 3.

3. Is the facility use or rental arrangement with an external (non-ASU) party for no more than 50 days of total use, and is fair market value being charged for the use? The days of use do not need to be consecutive days. Also, the agreement can be automatically renewable for additional periods of 50 days or less as long as either party has the right to not renew.

   If yes, no further review is needed.

   If no, the agreement must be submitted to the associate vice president for finance and treasurer for review and analysis.

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