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
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.
Reasoning
Accurate removal and tracking of university equipment.