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  1. Custodian - Department Head, Principal Investigator (PI) or employee held accountable for the care, custody and maintenance of all equipment for which he/she is responsible.
  2. Property - Interchangeable with the word “assets”, University assets include but are not limited to all equipment, materials, supplies, objects of art, antiques, used furniture, library volumes.
  3. Surplus Property - Assets are those items at the University which are either no longer in use, or for which there are no plans for use, whether they are located within an operating unit or the University in general. 

V. REFERENCES

  1. NJ State Circular 0013-1718-DPP, “Disposition of Excess & Surplus Computer Equipment” http://www.state.nj.us/infobank/circular/cir0017x.htm
  2. New Jersey Statutes, Title 18A, Chapter 64,
  3. NJ State Circular 08-03-DPP, “Excess/Surplus Property Procedures 

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