(1) A county may: Exchange or transfer properties, real or personal, with other counties, municipalities, community colleges, or institutions of higher education; and
(2) Exchange real property with individuals or nonprofit corporations when in the best interest of the county.
(3) An exchange or transfer under this section shall be: Authorized, approved, or confirmed by ordinance of the quorum court; and
(4) Accomplished in accordance with procedures prescribed or confirmed by the quorum court.
(5) An ordinance adopted by the quorum court under this section shall be: Confirmed by a two-thirds (2/3) vote of the quorum court; and
(6) Filed with the county clerk and include a copy of the bill of sale setting forth the terms and conditions of the sale, transfer, deed, or conveyance.
(7) An agreement for service, legal tender, or other consideration may be accepted in exchange for real or personal property under this section.
(8) A transfer made under this section is exempt from §§ 14-16-105 and 14-16-106, § 14-22-101 et seq., and the Arkansas Procurement Law, § 19-11-201 et seq.