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11. Business and Financial Operations

11.5. Equipment and Property

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11.5.3. Responsibility For Non-University Property

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Effective Date: 12-2-03

Revision Date:

UNIVERSITY POLICY STATEMENT 

Eastern Michigan University's insurance covers only University-owned property.

 

UNIVERSITY PRACTICE 

The University's insurance covers all property owned by the University and does not cover non- University owned property (except in instances where the terms of a properly negotiated and signed contract might provide otherwise) such as, but not limited to the following:

  1. Paintings and objects of art placed on semi-permanent display on the campus where ownership is not passed to the University;
  2. Personal property of students, employees and guests of the University;
  3. Property of vendors and service entities.

 

RESPONSIBILITY FOR IMPLEMENTATION 

The Vice President for Business and Finance, or his/her designee(s), has overall responsibility for implementation and administration of this policy and for adopting, amending and/or revising related administrative policies and procedures.

 

SCOPE OF POLICY COVERAGE  

This policy covers all non-University owned property not covered by a discrete and properly negotiated and signed contract that provides otherwise. 

 

 

Authority for Creation and Revision

Minutes of the Board of Regents, December 2, 2003, para. .6201M.