Whether purchased with University funds, gift funding, endowments, grants or contracts, all equipment is the property of the University. It is presumed that the equipment will be retained by the School upon the departure of faculty, staff or students and assigned to a replacement employee or area in the School. If the equipment is considered by the School to be out-dated or surplus equipment, University policy requires that surplus equipment be disposed of consistent with the University’s salvage/surplus policies defined by the Purchasing Department. Ownership does not, under any circumstance, transfer to the user, nor can equipment be sold or given by the School to the user or any other employee. All equipment must be surrendered when the individual moves to another department or school at the University or leaves the University.