Loan of assets
The University of Georgia is required by the Board of Regents of the University System
of Georgia and state and federal regulations to inventory and track moveable assets.
Assets are acquired from a variety of sources and must be used for institutional purposes.
Reason for policy
This policy shows how to track property owned by or in the possession of UGA and to
comply with state and federal guidelines for use of property.
The loan of assets to University of Georgia departments must follow the guidelines
set by the Board of Regents and also the Georgia Department of Administrative Services
(DOAS). These items must be inventoried, tracked, and in most cases, insured by UGA
while in the possession of the University. Please follow the guidelines established
in Policy 15.2.4 to report these assets to Property Control.
For all assets all documentation should be retained for 5 years after disposition
of equipment. [0472-01-005