Sec. 10. Competitive intermediaries for funding interim technologies
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/bill/113/s/626/is/section-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Prize Fund Director may authorize multiple nonprofit intermediaries to manage Fund payments to reward projects for interim research and development of new qualifying treatments for HIV/AIDS, or for open source dividend prizes. Such intermediaries shall compete for funding from non-Federal entities that co-fund the Fund. Prizes awarded by competitive intermediaries shall be available to persons or communities that provide open, nondiscriminatory, and royalty-free licenses to relevant intellectual property rights.
The Prize Fund Director shall adopt rules to ensure the transparency and accountability of any entities authorized to act as competitive intermediaries under subsection (a). The Secretary of Health and Human Services shall determine how much of the Fund shall be managed by competitive intermediaries to reward projects for interim research and development of new qualifying treatments for HIV/AIDS or for open source dividend prizes.