We recently had a faculty member propose that the University
purchase a piece of equipment that he needs for a project so that it
could then be leased to a grant he is working on. The agency does not
allow equipment purchase, however leasing arrangements are
acceptable. (The grant involves federal funds passed through a state
agency)

Has anyone ever done this? If so, how did it hold up in an audit?

Thanks

kathy
Kathleen L. Sukanek
Associate Director of Research
Office of Research

University, MS 38677
     (601)232-7482
Fax: (601)232-7577
Internet: xxxxxx@sunset.backbone.olemiss.edu