Contains whereas clauses.

Amends GS 148-84(a) to remove the cap on compensation for persons erroneously convicted of felonies, which is currently $750,000. Effective and applicable to claims before, on, or after the date the act becomes law, but the retroactive applicability is limited to claimants who are still living on that date.

Directs the Department of Health and Human Services, Division of Health Benefits (DHB) to submit a waiver request to the Centers for Medicare and Medicaid Services to provide Medicaid coverage for any person qualifying as a petitioner under GS 148-82 based on an erroneous conviction. Requires DHB to submit a report to the Joint Legislative Oversight Committee on Medicaid on whether a waiver was approved or denied. If the waiver is approved, the report must specify the date coverage will begin and the cost to the state to implement the coverage. If the waiver is denied, the report must contain the cost to the state for extending coverage without a federal percentage. Specifies that if DHB does not receive a response on the waiver request by June 30, 2027, it should submit a report as if the waiver request was denied.

Requires the Department of Adult Correction to provide transition services to for any person qualifying as a petitioner under GS 148-82 after their release from custody in new GS 148-84.1. Places emphasis on housing, employment, and sustenance. Allows the Department to contract with third parties to provide services. Caps expenses for transition services at $25,000 per person. Applies to persons released on or after the effective date of the act.

Contains a severability clause.