Pol-Trade-in Purchases

policy Trade-in Purchases modified Fri May 01 2020 13:52:58 GMT-0400 (Eastern Daylight Time)

UofL Logo

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.

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.

REASON FOR POLICY

Accurate removal and tracking of university equipment.

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): 2/14/2020

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.