1. (a) In addition to any other requirements provided by law, the board shall adopt and enforce an ethics policy that provides standards of conduct relating to the management and investment decisions of the board. The ethics policy must include provisions that address the following issues as they apply to the management and investment decisions of the board:

   1. (1) general ethical standards;
   2. (2) conflicts of interest, including disclosure and recusal requirements;
   3. (3) the acceptance of gifts and entertainment; and
   4. (4) compliance with and enforcement of the ethics policy.

2. (b) The ethics policy must include provisions applicable to:

   1. (1) members of the board;
   2. (2) the comptroller; and
   3. (3) employees of the board.

Added by Acts 2007, 80th Leg., R.S., Ch. 1054 (H.B. 2173), Sec. 3, eff. June 15, 2007.