Sec. 11. Special transition rules
159 words·~1 min read·
/bill/113/s/626/is/section-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A qualifying treatment for HIV/AIDS that is on the market on October 1, 2014, shall remain eligible for prize payments for not more than 10 fiscal years, consistent with section 8(d)(3). In determining the amount of a prize payment for a qualifying treatment for HIV/AIDS described in subsection (a), the Prize Fund Director shall calculate the incremental value of the qualifying treatment for HIV/AIDS as of the date on which the qualifying treatment for HIV/AIDS was first introduced in the market.
With respect to qualifying treatment for HIV/AIDS described in subsection (a), the Prize Fund Director may award— of the amount appropriated to the Fund for fiscal year 2015, not more than 90 percent of such amount; and of the amount appropriated to the Fund for each of the succeeding 9 fiscal years, not more than a percentage of such amount that is equal to 9 percent less the percentage applicable to the preceding fiscal year under this subsection.