House Bill 317 seeks to repeal the statutory requirement for a Memorandum of Understanding between the Board of Regents and the Idaho College of Osteopathic Medicine by eliminating Section 20-25-811 from the Montana Code Annotated. This change indicates a shift in the legislative approach to the cooperative medical education program associated with the Idaho College of Osteopathic Medicine, removing the formal requirement for a written agreement between the two entities.

The bill also stipulates that it will take effect immediately upon passage and approval, indicating a sense of urgency in implementing this legislative change. By repealing this requirement, the bill may streamline processes related to medical education in Montana, potentially allowing for more flexibility in partnerships and agreements with educational institutions.