If a school would like to split-fund equipment between ETF funds and sponsored programs from federal agencies there are two essential requirements:
Sponsoring federal agencies must grant title to any equipment being purchased with their funds to UVA as the award recipient immediately upon purchase and must not have any stipulations or restrictions regarding future dispositions of that funded equipment. This avoids any conflict with title to the equipment as the Virginia College Building Authority (VCBA) retains title on all ETF equipment purchases until the 7 year bond or lease period is complete.
If split-funding includes sponsored programs, the code SCHEV “110” must be assigned and federal agency funding portion must be 50% or greater of the total ETF purchase.
Note: The federal agency often retains the right to transfer the equipment at the end of the sponsored program. If the agency exercises its right, the department that purchased the equipment with federal sponsored program funds must replace the affected ETF equipment with a valued item equal to the net book value of the equipment, so as not to violate the terms of the VCBA lease agreement.
Questions concerning sponsored programs and research funding should be addressed to the Office of Sponsored Programs.