It is enacted by the General Assembly as follows:

SECTION 1. Title 33 of the general laws entitled "Probate Practice and Procedure" is hereby amended by adding thereto the following chapter:

{ADD 33-21.2-1. Report of lost money or goods by finder. -- ADD} {ADD Any person who finds money or goods of a value of fifty ($50.00) dollars or more, the owner of which is unknown, may, within two (2) days of the finding thereof report the finding to the officer in charge of the police station in the city or town where said property was found and deliver over the property to said officer. ADD}

{ADD 33-21.2-2. Restitution of lost money or goods. -- ADD} {ADD If within ninety (90) days of turning the lost money or goods over to the police the owner appears and pays all reasonable costs incurred by the finder and/or the police, he or she shall have restitution of the money or goods. ADD}

{ADD 33-21.2-3. Rights of finder if no owner appears. -- ADD} {ADD If the owner of lost money or goods does not appear and claim his or her property as provided in section 33-21.2-2, the property shall enure to the finder. ADD}

{ADD 33-21.2-4. Disposition of lost money or goods. -- ADD} {ADD If the finder fails to claim said lost money or goods within six (6) months of reporting and delivering the lost property to the police, the property shall be presumed abandoned and shall revert to the general fund of the state in accordance with the state's unclaimed intangible and tangible property program, pursuant to chapter 33-21.1. ADD}

SECTION 2. This act shall take effect upon passage.