Property Control System Manual (PCS)

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Effective: 1/27/1993

Revised: 3/1/2021

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PCS 1006: Trade-In of Equipment

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Purpose

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To define a policy for the trade-in of university-owned equipment

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Sources

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Purchasing and Business Services

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Policy

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Department personnel wishing to trade in university-owned capital equipment must submit a Trade-In Authorization (TIA) form to Capital Asset Management (CAM).

Sponsor-owned equipment cannot be traded in without approval from the sponsor. If ownership is unknown, contact CAM prior to trade in.

Trade-in values that are substantially less than the market value of the equipment are prohibited.

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