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Asset Acquisition
Understanding Asset Acquisition Policies and Procedures
Asset acquisitions result from purchases (capital or controlled), donations, received as state surplus/excess property, or transfers from another institution. To ensure university compliance, you must know and understand all applicable laws, regulations, and requirements of donors and the government, as well as maintain records related to the acquisition, recording, inventory and disposal of the university’s capital assets.
We provide several resources to assist you with each process. It is your responsibility to follow the guidelines established. View the following to learn more:
