In the state of Texas....if a firearm is turned in as "found" it becomes classified by the handling law enforcement agency as "abandoned property" and technically belongs to no one. The law enforcement agency will then tag it and report the serial number (if it still has one) and enter this number into a database of reported stolen firearms. It will also be reported to NIBIN ( National Integrated Ballistic Information Network) which is a national data base that is used by law enforcement to link firearms to crimes and crime scenes by ballistic information of that particular firearm.
The firearm is then documented by locale and location found, caliber, and specs of that particular firearm and placed into an evidence room storage for a minimum period of two and up to five years, depending on what results the above data bases show or match....or ongoing investigations that are linked to the weapon.
At the end of that time, providing the firearm has not been linked to a crime or reported stolen, the law enforcement agency is required to go to a district judge and obtain a court order to have the firearm disposed of. With that signed court order the judge may designate the firearm to be destroyed, auctioned, or sold to a local FFL Dealer.
The above procedure is what my dad did for many years with firearms that came in possession of his department.
I again commend you for doing the right thing. Just think if that firearm leads to a link to a murder or crime that leads to the arrest and conviction of a criminal that hurt a innocent family or person and your honest action could be the one thing that facilitated that.
TAMU Wildlife and Fisheries Sciences
Boat racing is like a beautiful woman.......expensive, high maintenance, but well worth the fun!