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IN SB0260
Bill
AI Summary
Senate Bill No. 260 Summary
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Requires persons engaging in third party logistics of legend drugs to obtain and maintain a license issued by the board, including accreditation from the National Association of Boards of Pharmacy or an approved accreditation body.
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Third party logistics providers must comply with the same wholesale drug distributor requirements including accreditation, facility inspections, surety bonds of at least $100,000, and designated representatives responsible for compliance.
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Allows third party logistics providers holding valid wholesale drug distributor licenses on July 1, 2018, to convert to third party logistics provider licenses with the same expiration date as their original wholesale drug distributor licenses through July 1, 2020.
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Establishes penalties for violations including civil penalties up to $1,000 per occurrence, license suspension or revocation, and criminal penalties ranging from Class A misdemeanor to Level 6 felony depending on the violation.
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Effective date: July 1, 2018.
Legislative Description
Licensing of third party logistics providers. Requires a person to hold a license to engage in third party logistics of legend drugs. Allows a third party logistics provider that holds a valid wholesale drug distributor license on July 1, 2018, to hold a third party logistics provider license with the same expiration date as the original wholesale drug distributor license. Provides for penalties for failure to comply with certain requirements.
Last Action
Senator Bohacek added as second author
1/11/2018