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Ownership and Control of University Property. Title and all rights of ownership to all property and equipment purchased with University funds (including grants, contracts, awards, gifts, and Foundation funds) or donated to the University shall vest in the University, except for property purchased in accordance with specially donated or restricted funds providing for other ownership.
Custody of University Property. The Vice Chancellor for Business & Finance shall be the custodian of personal property for the University of Nebraska at Kearney. Such property belongs to the University as a whole and not to any department or division to which it has been allotted. University staff members shall be held accountable for any damage resulting from their negligence to property assigned to them, and shall not lend such property or permit the same to pass out of the control of a University employee, except upon a permit signed by the Vice Chancellor for Business & Finance or his/her designee.
Securing University Property. Campus departments and personnel are entrusted with the obligation to take appropriate measures to safeguard and secure University-owned property and equipment against the unauthorized or illegal access to or use of that property and equipment. Such measures may include written policies 1) defining unauthorized use and corresponding disciplinary actions to be pursued for those actions; 2) providing that property and equipment susceptible to theft or unauthorized use be secured in a safe location; and 3) defining the circumstances and procedures for moving property to temporary work locations.
Accounting for University Property. The UNK Finance Office is responsible for maintaining the accounting and financial records for additions, disposals, transfers and sales of all real and personal property. The Asset Records Manager works closely with the faculty and staff as well as with the Asset Disposal Manager in the Facilities Department to ensure that property and equipment are safeguarded, values are recorded appropriately in the University's financial statements and that transfers and disposals of surplus property are accommodated in compliance with State and University policies and procedures.