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Can sponsored equipment be transferred from Virginia Tech to another institution?

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Can sponsored equipment be transferred from Virginia Tech to another institution?

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Faculty moving to another university who want to transfer their research equipment with them must have prior approval from the department head, dean, and sponsor if equipment was purchased with sponsored funds. Upon receiving approval, the Office of the Controller – Fixed Asset system must be notified. The equipment may or may not be transferred dependent upon who retains title. Typically, equipment purchased off of federal grants (PHS and NSF) is easily transferrable.

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