| Effective Date: |
February 1, 1996
|
|---|---|
| Last Revised Date: |
June 1, 2015
|
| Responsible Unit(s): | |
| Responsible Unit Email(s): | |
| Manual: | |
| Status: |
Active
|
Purpose and Summary
In accordance with Federal Law, Rules and Regulations the University is required to keep appropriate records of all purchases, sales and losses of non-taxable, high proof Ethyl Alcohol.
Scope
This policy applies to all University locations and units, including all University extensions, satellite locations, and off-site campus units, both domestic and international.
Policy
- Financial Services Purchasing is responsible for the keeping of appropriate records and making them available for audit by the Federal Government. Purchasing also retains the Federal Industrial Alcohol User permit for the University.
- Purchasing has entered into, and manages, the Contract for the purchase of Ethyl Alcohol for the University. The Stores Inventory section of Purchasing maintains a supply of Ethyl Alcohol for research use by the University and keeps the required records of all sales to Departments.
- The primary method of ordering Ethyl Alcohol is on-line through UAccess Financials. By placing an order for Ethyl Alcohol, you thereby agree to take reasonable precautions in safeguarding the use and storage of said Ethyl Alcohol.
Please note that the following sections are provided solely for the convenience of users and are not part of the official policy.
Sources
Code of Federal Regulations 27 CFR § 22.162 Inventories