Surplus Asset Disposal (Policy)

Legislative History: Approved by Board of Governors 2007/06/25. Replaces Policy on Disposal of Surplus Furnishings and Equipment, 1996/05/06. Date Effective: 2007/06/25

Approval Authority: Board of Governors

Signature: Marshall Cohen


Description: Authorizes the University to dispose of personal property assets which are declared surplus. Has associated Procedure.


Application

This Policy applies to all University assets except for real estate or other interests in land.

Policy

A University asset  which is declared surplus may be disposed of by the University in accordance with guidelines and procedures for its disposition promulgated from time to time by the Vice-President Finance and Administration.