Property Manual - Chapter Eight   Utilization, Storage, Movement, Maintenance and Calibration Overview Property, purchased by Stanford, provided by a Sponsor, donated or otherwise accountable to the University, is to be used in direct support of University business and research activities or as otherwise authorized by the owning Sponsor. Every effort should be made to maximize the use of an asset during its life and to initiate reutilization or disposal activities in a timely manner when the item becomes excess to the accountable department or project. When storage of property is necessary, care should be taken to ensure the method and location of storage are adequate for the type of items being stored and that they are secured in a manner which will prevent loss, damage, or destruction to the property. The Department Property Administrator is responsible for maintaining communications with the department staff regarding the proper use, storage, movement, maintenance and calibration for property accountable to their area and for processing changes in a timely manner.