Equipment funded by external entities must be used in accordance to the grant specifications.
When grants expire, the University's Post Award Accounting Department will obtain information as to the final disposition of equipment items connected with the grant, and will notify the Property Control Office as to the proper change to make in the equipment inventory records. Before any item is deleted from a restricted account, Property Control will notify the Post Award Accounting Department for approval.
A principal investigator (PI) transferring to another institution may wish to take equipment associated with an ongoing sponsored project to the new institution. (An ongoing sponsored project is defined as one or more sponsored contracts/grants/agreements having the same sponsor and identical title, the last of which is currently in process at UGA, having not ended, and being continued at another institution.) If so, the PI should complete a 'Request for Transfer of Equipment', listing each piece of equipment and ask the appropriate department head for approval. The department head approval does not mean the equipment should be transferred, but merely indicates a decision has been made to transfer the project to another institution rather than name a replacement PI within the University, an option the sponsor usually offers the University. Upon receiving approval from the department head, the form should be forwarded to the Property Control Office.
All Property Control Forms can be found at the following site: http://www.busfin.uga.edu/forms/
Property Control Office, 706-542-4390, email@example.com
For all assets all documentation should be retained for 5 years after disposition of equipment. [0472-01-005]