S.B. No. 129 AN ACT 1-1 relating to policy reports required to be adopted by public 1-2 retirement systems and submitted to the State Pension Review Board. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 802.202, Government Code, is amended by 1-5 adding Subsection (d) to read as follows: 1-6 (d) The governing body of a public retirement system shall: 1-7 (1) develop and adopt a written investment policy; 1-8 (2) maintain for public review at its main office a 1-9 copy of the policy; 1-10 (3) file a copy of the policy with the State Pension 1-11 Review Board not later than the 90th day after the date the policy 1-12 is adopted; and 1-13 (4) file a copy of each change to the policy with the 1-14 State Pension Review Board not later than the 90th day after the 1-15 change is adopted. 1-16 SECTION 2. The governing body of a public retirement system 1-17 shall adopt a policy as required by Subsection (d), Section 1-18 802.202, Government Code, as added by this Act, before November 1, 1-19 1993. 1-20 SECTION 3. The importance of this legislation and the 1-21 crowded condition of the calendars in both houses create an 1-22 emergency and an imperative public necessity that the 1-23 constitutional rule requiring bills to be read on three several 2-1 days in each house be suspended, and this rule is hereby suspended, 2-2 and that this Act take effect and be in force from and after its 2-3 passage, and it is so enacted.