The Texas Surplus Property Agency makes available all surplus equipment of the State, which may be acquired with permission of the Business Manager. Surplus property is released on an as-is, no warranty basis. The United States Federal Government also makes available surplus equipment. The University of Houston-Victoria does not have sufficient funds available for the purchase of this equipment. I, as principal investigator, will utilize this equipment on or as authorized by above listed grant or contract.
Any capital equipment received by departments as gifts from outside donors is subject to inventory.
Equipment purchased with sponsored project funds is also subject to sponsor regulations regarding title. Title to equipment transferred from another government agency or educational institution is vested in the University of Houston-Victoria and the State of Texas unless the former owner notifies the University in writing of other arrangements or conditions. The University of Houston-Victoria is the sole agent to accept contracts and grants awarded to the University, and it is responsible for the disposal of any property furnished by those awards. Upon completion of a contract or grant, title to all property is transferred to the University immediately, unless the contract or grant requests title to remain with the sponsor. It is possible that the original equipment did not qualify for capitalization when first purchased.