Compact to Award Prizes for Curing Disease.

This bill establishes a legal framework for North Carolina to join a multi-state agreement that creates a commission to award prizes for cures to diseases. Once at least six states adopt this compact, they will form a commission responsible for reviewing medical treatments, granting prizes for successful cures, and managing the intellectual property and pricing of those cures. The commission is authorized to collect royalty fees from manufacturers in states that have not joined the agreement, with the collected funds used to reimburse participating states for their share of the prize costs and administrative expenses. Additionally, the bill defines key terms such as "compacting state" and outlines the commission's broad powers to operate, enforce rules, and resolve disputes among member states.