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This policy is to ensure that all purchases of goods or services made by faculty and staff at the University are in compliance with state statute (§ 143-48) as enacted by the legislature and implemented by the State Department of Purchase and Contract.
Fabricated equipment may qualify for capitalization.
University-owned surplus property may be traded in for new equipment, through the purchase order system.
Equipment from other institutions or federal agencies transferred with newly employed faculty must be reviewed to determine if it should be added to the Asset Management database.
Capital equipment can be acquired through gifts and/or donations to the University. Gifts may be designated for certain types of scholarly endeavors but are free of most restrictions. The Development Office coordinates gifts to the University.
This policy clarifies the channels of acquisition for equipment that is added to the University's database for financial reporting.
This policy is intended to show the variety of maintenance contracts and/or service agreements and the appropriate application of each.
Foreign nationals receiving scholarship and fellowship assistance must complete taxation forms. These forms are used in determining the appropriate method of taxation and withholding. To determine which forms should be completed, there are certain rules and regulations that are applied to each foreign national.
The purpose of this policy is to provide information regarding tax withholding for foreign nationals receiving scholarship and fellowship assistance.
This policy is to ensure the University's compliance with State of North Carolina law related to sales and use tax.
The University's tax exemption status must be communicated to vendors prior to doing business.
Ethyl alcohol is requisitioned from the contractor-operated storeroom through their online system.
The policy is to ensure compliance with the tax-free ethyl alcohol permit.
The University established this policy in accordance with North Carolina General Statute (N.C.G.S.) Chapter 75, subsections 61 and 62 to protect individual records and information and to prevent involuntary disclosure of individual social security numbers.
The State of North Carolina requires all state agencies to maintain Asset Management systems. The State Controller's Office requires an annual physical equipment inventory to be conducted by each campus department.