We make every attempt to resolve outstanding payments in an informal fashion. If, in conjunction with Research Foundation Legal Affairs, we are unable to obtain payment, the Research Foundation has a contract with a collection agency to assist with collection of funds due. Some sponsors may mandate a lower dollar value for the definition of equipment. If a sponsor requires a lower value for equipment we will also inventory and tag the equipment as Research Foundation owned. Some sponsors may retain title to any equipment purchased with grant funds.
Equipment is inventoried and tagged after payment has been made to the vendor.
Equipment purchased with any portion of funding from SUNY will have ownership vest with the University. If equipment cost sharing or matching is proposed to the sponsor please work with your Contract and Grants Administrator prior to the commitment. If the sponsor retains title or reserves the right to request title to the equipment upon termination of the project funding from SUNY cannot be involved with the purchase. Sponsored Funds and the project director are responsible for accountability of all equipment purchased with sponsored project funds. No equipment should be removed from the campus or from the location assigned without prior consultation with Sponsored Funds.