Pol-Trade-in Purchases
policy Trade-in Purchases modified Tue Oct 18 2022 15:27:07 GMT-0400 (Eastern Daylight Time)
University of Louisville
OFFICIAL
UNIVERSITY
ADMINISTRATIVE
POLICY
POLICY NAME
Trade-in Purchases
EFFECTIVE DATE
POLICY NUMBER
PUR – 31.00
POLICY APPLICABILITY
This policy applies to University Administrators, Faculty, and Staff.
REASON FOR POLICY
Accurate removal and tracking of university equipment.
POLICY 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.
ADMINISTRATIVE AUTHORITY
Vice President for Finance and Chief Financial Officer
RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Sally Molsberger, Director – Procurement Services
Service Complex, University of Louisville
Louisville, KY 40292
502-852-8224
purchase@louisville.edu
HISTORY
Original Date: Unknown
Revision Date(s):
Reviewed Date(s): February 14, 2020
The University Policy and Procedure Library is updated regularly. In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.