(a) All tangible and intangible personal property and any income from this property which has been confiscated by any city, town, or state police department and has been held in the custody of the department for six (6) months or more shall be presumed abandoned and shall revert to the general fund in accordance with § 33-21.1-23.
(b) All money which is being held by the police department as a result of confiscation shall be deposited in a special interest bearing bank account during and until the expiration of the three (3) year period prior to reversion to the general fund.
History of Section.
P.L. 1986, ch. 500, § 3; P.L. 1992, ch. 133, art. 86, § 2; P.L. 1997, ch. 30, art. 28, § 9.