Policy Information
Trade-in Purchases
Effective
Number
PUR - 31.00
Applicability
This policy applies to University Administrators, Faculty, and Staff.
Administrative Authority
Vice President for Finance and Chief Financial Officer
Responsible Unit
Sally Molsberger, Chief Procurement Officer
Procurement Services, Service Complex, University of Louisville
Louisville, KY 40292
502-852-8223
purchase@louisville.edu
History
Original Date: Unknown
Revision Date(s): February 17, 2023
Reviewed Date(s): February 14, 2020; January 3, 2023
Categories
Reason
Accurate removal and tracking of university equipment.
Statement
Departments of the University that consider the trade-in of University owned property on the purchase of new equipment or products must first obtain advance release for trade-in approval from Procurement Services.
Forms/Online Processes
Requisitions submitted to Procurement Services with trade-in features will not be processed until the above release is obtained by submitting an Authorization to Trade University Equipment form.