This bill proposes the repeal of the statutory requirement for a Memorandum of Understanding between the Board of Regents and the Idaho College of Osteopathic Medicine. Specifically, it seeks to repeal Section 20-25-811 of the Montana Code Annotated, which pertains to the cooperative medical education program involving the Idaho College of Osteopathic Medicine.

Additionally, the bill includes a provision for an immediate effective date upon passage and approval. This means that once the bill is enacted, the repeal will take effect without delay, eliminating the need for the previously required agreement between the two entities.