(1) All artifacts, fossils, relics, and other personal property discovered, donated, or otherwise acquired in pursuance of this program shall be the property of the State of Arkansas held in trust by the University of Arkansas.
(2) The university shall, to the extent possible, make these items available for scientific use or public display by appropriate public bodies at places throughout the state.
(3) However, complete authority is granted to exchange and barter such items for other items deemed of equal value with persons, nonprofit organizations, and public agencies both within and without Arkansas, in order that representative collections may be assembled and that study and analysis be enhanced.