The adjutant general is responsible for all arms, ordnance, accoutrements, equipment, and other military property which may be issued to this state by the secretary of defense in compliance with law. The adjutant general shall prepare a return of said arms and other property of the United States at the times and in the manner requested by the secretary of defense. Upon the order of the governor, the adjutant general shall turn into the ordnance department of the United States army the rifles, carbines, bayonets, bayonet scabbards, gun slings, belts, and such other necessary accoutrements and equipment, the property of the United States in possession of this state, which may be replaced from time to time by new arms and equipment sent by the United States in substitution therefor, and shall cause the same to be shipped under instructions from the secretary of defense to the designated arsenal or depot at the expense of the United States. When the national guard of this state is fully armed and equipped with standard service magazine arms and the standard equipment and accoutrements of the United States army, the adjutant general shall cause all the remaining arms and equipment, the property of the United States and in possession of this state, to be transferred and shipped as directed in this section.