(a) The state board shall formulate the basic and general policies of the pension system and the rules consistent with the purposes, policies, principles, and standards stated in statutes administered by the state board.     
      (b) The state board shall adopt and revise written investment objectives and policies after consultation with the pension system's investment counselor and shall periodically review such objectives and policies.     
     Source Note:        The provisions of this §310.2 adopted to be effective October 2, 2005, 30 TexReg 6063; amended to be effective October 18, 2015, 40 TexReg 7104; amended to be effective December 31, 2019, 44 TexReg 8335