Financial Services and Operations

Chapter 1: Control and Responsibility

Michigan Technological University, not individual units, departments, or divisions, owns and/or controls all property purchased by, donated, or entrusted to the University.

Physical management of property is necessary in order to protect the University investment in capital equipment and property, to receive federal funds for research and meet government and sponsor requirements, and to support the indirect cost recovery associated with assets.

Departments holding property are responsible for compliance: