Transfer+of+Equipment

__﻿Transfers of Equipment__
Eligible products and services purchased with Schools and Libraries (E-rate funds) program discounts cannot be sold, resold, or transferred for money or any other thing of value, with the following exceptions:


 * Beginning **__January 3, 2011,__** applicants can dispose of obsolete equipment for payment or other consideration, but no sooner than **__5 years__** after the equipment is installed.


 * Applicants can transfer equipment in the following two situations, but in neither circumstance can equipment be transferred for money or anything of value:


 * Three years after the date of purchase, equipment can be transferred to other eligible entities
 * Equipment can be transferred from a closed location to other eligible entities within three years of the date of purchase


 * NOTE:** The applicant must maintain asset and inventory records for five years from the date of purchase that clearly show the actual location of the equipment. When the equipment is transferred, the applicant must maintain detailed records that document the transfer and the reason for the transfer for five years from the date of the transfer.

__**ADDITIONAL INFORMATION CAN BE FOUND:**__ [|Transfers of Equipment]