policy Trade-in Purchases modified Tue Feb 21 2023 11:40:35 GMT-0500 (Eastern Standard Time)
University of Louisville
PUR – 31.00
This policy applies to University Administrators, Faculty, and Staff.
REASON FOR POLICY
Accurate removal and tracking of university equipment.
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.
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.
Vice President for Finance and Chief Financial Officer
RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Sally Molsberger, Chief Procurement Officer
Procurement Services, Service Complex, University of Louisville
Louisville, KY 40292
Original Date: Unknown
Revision Date(s): February 17, 2023
Reviewed Date(s): February 14, 2020; January 3, 2023
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.