Property Control System Manual (PCS)

Effective: 3/1/1984

Revised: 3/1/2021

PCS 201: Equipment Acquisition—General

Purpose

To define general guidelines for the acquisition of university-funded and sponsored-funded equipment

Sources

48 Code of Federal Regulations §§ 45 and 52

Arizona Board of Regents Policy Manual - 3–607

Financial Services

Purchasing and Business Services

Policy

Individual departments may purchase equipment using state, local, sponsored, and agency funds. Equipment also may be acquired by gift, donation, or financed purchase, or it may be furnished by the government. Regardless of the source of funds, all purchases must be made in accord with applicable federal and state law and Board of Regents’ and university policy.

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Ways of Acquiring Ownership of Equipment

ASU may acquire ownership of equipment in several ways including, but not limited to, the following:

1. purchase or fabrication of equipment using state, local, sponsored, or agency funds
2. purchase or fabrication of equipment using federal or nonfederal sponsored funds for which the award document states that ASU retains title upon receipt of the equipment
3. purchase or fabrication of equipment using federal or nonfederal sponsored funds for which equipment title is vested with the sponsor and subsequently transferred to ASU at the completion of the project
4. donation of equipment from corporations, foundations (including the ASU Foundation), other institutions or entities, or individuals

   and

5. financed purchase of equipment after the lease/purchase option has been exercised.

   Note:

   Lease/purchase equipment is treated as university equipment when the first installment payment is made.

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Ways of Acquiring Use of Equipment

ASU may acquire use of equipment by receiving the following:

1. government-furnished equipment (GFE), with title vesting with the government
2. lease of equipment
3. loaned equipment, with title remaining with the property lender

   or

4. purchased or fabricated equipment using federal or nonfederal sponsored funds for which equipment title remains vested with the sponsor.

Note:

Disposal of non-ASU-titled equipment must be coordinated through the CAM office.

Cross-Reference

For authoritative references see the Research Policies and Procedures Manual—RSP 101, “General Research Policy”

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