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
and they must be disposed of in accordance to state guidelines. There are several
options for disposing of state vehicles.
Reason for policy
Ensure all UGA assets are disposed of properly.
Vehicles will be removed from inventory as ‘destroyed’ when declared ‘totaled’ and
payment for the vehicle is received from an outside insurance agency, and that agency
takes possession of the vehicle. When a state vehicle is declared ‘totaled’ and fault
lies with a UGA employee/department the vehicle will be sold and the inventory record
will be deleted from the custodial departments listing.