Montana State University-Northern has statutory obligations to record, control and account for property acquired with University funds or donated to the University. All property acquired by or donated to the University, regardless of the source, belongs to the University.

1. The Chancellor may delegate responsibility for the management of University-owned property, using the model described in Policy 903.4, Space Assignment and Management.
2. Individuals with delegated responsibility for University-owned property are responsible to the Chancellor for all such property purchased in the unit name or assigned to that unit, regardless of the source of funds. That responsibility includes taking adequate precautions to ensure that such property is reasonably safe from theft or misuse. Losses or thefts of property must be reported at the earliest opportunity to the individual or unit manager responsible for such property.
3. Individuals with delegated responsibility for property may assign specific property to faculty or staff members, who are expected to maintain such property reasonably. Property may not be removed from an assigned area without the express permission of the above described individuals or unit managers.
4. The diverse and highly technical nature of some University property, in particular those items that are purchased for use in the sciences, in engineering and technical programs, and computer equipment requires oversight of IT/Facilities Services for alteration, removal, or disposal of said property.

References:

Policy 903.1 University Property and Facilities Rental
Policy 903.4 Space Assignments & Management