UAFR - Instructions for Completing an Equipment Loan Agreement

Instructions for Completing an Equipment Loan Agreement

STEP 1: Complete the Equipment Loan Agreement

Fill in the four blank boxes in the first paragraph.

  • Blank 1 – the name of the loaning unit from the University of Illinois
  • Blank 2 – the name of the recipient institution
  • Blank 3 – the Vendor ID (Must be in Contracts+)
  • Blank 4 – the address of the recipient institution

Section 1: Equipment Description and Permitted Use

Check box 1.1 if the equipment was purchased directly with grants funds. Fill in the two blank boxes for the project title and Principal Investigator in charge of the project.

Check box 1.2 if the equipment was purchased with funds other than grants funds. Fill in the one blank box to describe the purpose of the loan.

If the equipment to be loaned is from both sponsored and non-sponsored funds, check both boxes.

Section 7: Term

Fill in the one blank box to indicate the end of the loan term.

Schedules of Equipment

Complete the Schedule of Equipment by listing in the tables the "Sponsored Equipment" or "Non- Sponsored Equipment" to be loaned.

  • Sponsored Equipment is purchased directly on grant funds.
  • Non-Sponsored Equipment is purchased on other fund types, including ICR (Indirect Cost Recovery).

The columns labeled "For Export-Controlled and/or International Loans" are only required for those types of loans.

The unit is responsible for obtaining the Unit Head signature on the Schedules of Equipment.

Caption

Form Field

Description and Instructions

Ptag

Inventory number of asset (nine digits). Use Serial # if not

tagged or not in Banner. If neither exists, e.g., furniture, enter “N/A.”

Title To

Can be found in Banner FFIMAST.

 

S – State of Illinois/University of Illinois F – Federally Owned

O – Other

Responsible Chart/Org

Chart and Organization Code under which the equipment is listed. These can be found in Banner FFIMAST.

 

Chart:

  1. – Urbana
  2. – Chicago, DSCC, Rockford, Peoria 4 – Springfield

9 – System Offices

 

 

Org Code: 6-Digit Organization Code

Description

Give a complete description of the equipment being transferred.

Examples: “Zeiss Microscope,” “Model 459x.”

Serial #

Serial number of the equipment.

Date Acquired

Can be found in Banner FFIMAST.

Acquisition Cost

Original cost of the equipment. Can be found in Banner FFIMAST.

Funding Source FOP

Fund, Organization and Program codes of the funding source.

Grant Code

A five-position, alphanumeric code that is assigned to each sponsored project.

Manufacturer/Distributor

For export-controlled equipment or equipment to be transferred to another country, indicate the manufacturer/distributor. This information should be available from the original purchase documentation or

from labels on the equipment itself. Do not send owners’ manuals via email as they may be subject to export controls.

Model Number

This information should be available from the original purchase documentation or from labels on the equipment itself. Do not send owners’ manuals via email as they may

be subject to export controls.

ECCN or USML

Export Control Classification Number. The ECCN indicates the equipment is classified on the Commerce Control List (CCL) and is subject to the EAR. An export license may be required before these items can be transferred to an international destination or a non-U.S. person.

 

U.S. Munitions List. Items categorized on the USML are considered defense articles or technical data and are subject to the ITAR. An export license will be required before these items can be transferred to an international

destination or a non-U.S. person.

 

Obtain the recipient institution signature.

STEP 2: Complete the Property Accounting Contract Approval Routing Form (PA-CARF)

Units must complete sections 1 through 5.

If sponsored equipment is being loaned, units must select the correct office from the drop-down in section 5 and then route the PA-CARF and Equipment Loan Agreement to that office.

If no sponsored equipment is being loaned, the unit should route the forms to the appropriate export control office (if there is export controlled equipment) or to Property Accounting (if no export controlled equipment).

Property Accounting will obtain final approval and signature on behalf of the Board of Trustees of the University of Illinois.

STEP 3: Loan the Equipment

Property Accounting will provide the unit a copy of the fully executed Agreement and PA-CARF along with further instructions regarding updates to the equipment records in Banner. The equipment may then be loaned.




Keywords:Instructions for Completing an Equipment Loan Agreement   Doc ID:120748
Owner:Erik O.Group:University of Illinois Training and Development Resources
Created:2022-08-17 08:43 CSTUpdated:2022-08-17 08:49 CST
Sites:University of Illinois Training and Development Resources
CleanURL:https://answers.uillinois.edu/uafr-instructions-for-completing-an-equipment-loan-agreement
Feedback:  0   0