(8) Collection care means the responsibility and function of an institution that involves developing and implementing policies and procedures to protect the long-term integrity of objects, artifacts, records and specimens, as well as their associated data and documentation, for use in research, education and exhibits.
(9) Collection management means the responsibility and function of an institution, through its collections managers, subject specialists, curators, and other institutional administrators to foster the preservation, accessibility, and utility of the institution's collections and associated data, including recommending and implementing policy with respect to: artifact, record or specimen acquisition, collection growth, and deaccessioning; planning and establishing collection priorities; obtaining, allocating, and managing resources; and coordinating collection processes with the needs of curation, preservation, and collection use.
(10) Deaccession means: (a) removing an object from an institution's collection or (b) the act of recording/processing a removal from an institution's collection.
(6) Collections Care and Management. The institution shall:
(i) own, maintain and/or exhibit original tangible objects, artifacts, records, specimens, buildings, archeological remains, properties, lands and/or other tangible and intrinsically valuable resources that are appropriate to its mission;
(ii) ensure that the acquisition and deaccessioning of its collection is consistent with its corporate purposes and mission statement;
(iii) have a written collections management policy providing clear standards to guide institutional decisions regarding the collection, that is in regular use, available to the public upon request, filed with the Commissioner for inspection by anyone wishing to examine it; and which, at a minimum, satisfactorily addresses the following subject areas:
(a) Acquisition. The criteria and processes used for determining what items are added to the collections;
(b) Loans. The criteria and processes used for borrowing items owned by other institutions and individuals, and for lending items from the collections;
(c) Preservation. A statement of intent to ensure the adequate care and preservation of collections;
(d) Access. A statement indicating intent to allow reasonable access to the collections by persons with legitimate reasons to access them; and
(e) Deaccession. The criteria and process (including levels of permission) used for determining what items are to be removed from the collections, and a statement limiting the use of any funds derived therefrom in accordance with subparagraph (vii) below;
(iv) ensure that collections or any individual part thereof and the proceeds derived therefrom shall not be used as collateral for a loan;
(v) ensure that collections shall not be capitalized; and
(vi) ensure that proceeds derived from the deaccessioning of any property from the institution's collection be restricted in a separate fund to be used only for the acquisition, preservation, protection or care of collections. In no event shall proceeds derived from the deaccessioning of any property from the collection be used for operating expenses or for any purposes other than the acquisition, preservation, protection or care of collections.