Lateral transfers involve transferring what type of property between organizations?

• A. Expendable property
• B. Nonexpendable property
• C. Real property
• D. Personal property

Answer: (B)

Lateral transfers are about moving durable, accountable items between organizations within the same department. These items keep their identity and value as they change custodians, so the property remains part of the government’s inventory—this describes nonexpendable property. Expendable items are consumed in use and aren’t reissued in the same way, so they aren’t moved through lateral transfers. Real property (land or buildings) is handled through separate processes, not the standard property transfer within units. While personal property includes both expendable and nonexpendable items, the lateral transfer concept specifically targets nonexpendable items that can be reissued and reaccounted.