(a)
(1) Any and all counties of the State of Arkansas are authorized and empowered to accept conveyances of real estate from the federal government, or any authorized agency thereof, whether that conveyance contains reservations to oil, mineral, or fissionable material rights in the United States or not, and subject to such terms and conditions as the federal government, or an agency thereof, may reasonably require.
(2) Counties are authorized to accept conveyances containing reversion clauses providing for reversion of real estate to the federal government in case the real estate ceases to be used for the purposes for which conveyed.
(b) The word “conveyance” as used herein shall be construed to refer to either quit-claim or warranty deeds.
(c) The provisions of this section shall apply only to conveyances from the United States or from any authorized agency of the federal government.