(1) The commission shall develop long-term regional policy statements regarding the salmon fishery resources before December 1, 1985. The commission shall consider the following in formulating and updating regional policy statements:
(a) Existing resource needs;
(b) Potential for creation of new resources;
(c) Successful existing programs, both within and outside the state;
(d) Balanced utilization of natural and hatchery production;
(e) Desires of the fishing interest;
(f) Need for additional data or research;
(g) Federal court orders; and
(h) Salmon advisory council recommendations.
(2) The commission shall review and update each policy statement at least once each year.