Loans | Property Control | SIU

Equipment On Loan

SIU Policies and Procedures states that, "University property may be temporarily removed from university premises when it is determined by the fiscal officer and dean or director that such removal will advance the university programs or activities of that unit." Even though the equipment is located off-campus, it should still be used exclusively for university-related business or activities. The department should keep a record of short-term removals in a log maintained in the department. Removals of a longer duration should be documented with a properly completed "Equipment Loan Form". All fields in section 1 of the Equipment Loan Form must be completed.  Loans will expire at the end of each fiscal year and must be renewed annually.