E-12-5.pdf

The document outlines the Surplus Property Disposition Incentive Plan at the University of Kentucky, focusing on the management and disposal of moveable equipment. It explains the policy for disposing of personal property, the incentive plan to encourage departments to identify and dispose of equipment with remaining value, and the procedures for internal transfers and external sales. The plan includes guidelines for determining fair market value, obtaining Board of Trustees approval for external sales, and returning proceeds to user departments based on set percentages. Additionally, it specifies that equipment acquired through the Federal Surplus Property Program is excluded from the Incentive Plan.