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NC S82
Bill
AI Summary
- Establishes North Carolina's participation in the "Solemn Covenant of the States to Award Prizes for Curing Diseases," an interstate compact that creates financial incentives for developing cures to major diseases
- Creates the Solemn Covenant of States Commission once six states enact the compact, with each compacting state represented by one member who can vote on prize awards and Commission rules
- Commission will identify at least 10 major diseases for prizes based on severity, survival rates, and public health costs, with prize amounts equal to the estimated five-year public health savings across all compacting states
- Prize winners must transfer patents and intellectual property to the Commission in exchange for payment, allowing the Commission to manufacture and distribute cures at cost to compacting states
- Compacting states pay their share of prizes annually based on actual one-year public health savings from each cure, with payments beginning one year after a cure becomes widely available
Legislative Description
Compact to Award Prizes for Curing Disease
Public
Last Action
Ref To Com On Rules and Operations of the Senate
2/12/2025
Committee Referrals
Rules and Operations of the Senate2/12/2025
Full Bill Text
No bill text available