Common use of Ownership/Possession of the Equipment Clause in Contracts

Ownership/Possession of the Equipment. As with any equipment or materials purchased with District funds, the District is the sole owner of the equipment, and therefore, all equipment will be inventoried and considered District assets. However, any equipment purchased through overload money shall remain in the possession of the teacher on District premises to whom the overload dollars were originally allocated until such time that the teacher should retire or leave the District with the exception of equipment purchased through the pooling of overload funds by two (2) or more teachers. In this event, if there is a transfer or reassignment of one (1) of the teachers who pooled funds for equipment purchased and there is unresolved conflict over who should remain in possession of that equipment, the issue will be forwarded to the site decision-making team for final resolution.

Ownership/Possession of the Equipment. As with any equipment or materials purchased with District funds, the District is the sole owner of the equipment, equipment and therefore, therefore all equipment will be inventoried and considered District assets. However, any equipment purchased through overload money shall remain in the possession of the teacher on District school district premises to whom the overload dollars were originally allocated until such time that the teacher should retire or leave the District with the exception of equipment purchased through the pooling of overload funds by two (2) or more teachers. In this event, if there is a transfer or reassignment of one (1) of the teachers who pooled funds for equipment purchased and there is unresolved conflict over who should remain in possession of that equipment, the issue will be forwarded to the site decision-making team for final resolution.