Since the volume is generally low, experiment stations, extension offices and other remote sites must bring their surplus items to campus. After the property is picked up, a computer generated receipt is sent to the department which lists the items Surplus removed. The department should verify this list against the original pickup request. Any equipment on inventory will remain on inventory for record-keeping purposes until it is sold or otherwise disposed of. Property Management will then remove it from inventory.
Surplus property is taken on a consignment basis.
Departments are credited their portion of the sales receipts once a month. There are restrictions on the disposal of any asset included on the Historic Properties register. If a department no longer wishes to keep an asset marked as Historic Property, it should be sent to Surplus. Assets with Historic Property tags should be clearly marked as such on the Surplus Pickup request. See Types of Inventory Transactions in Section 10 for details on transfers.