Sec. 164.054.  ADDITIONAL REQUIREMENTS REGARDING DRUG RECORDS.  (a)  Each physician shall keep a record of the physician's purchase and disposal of drugs and controlled substances described by Section 164.053(a)(2) that includes:
(1)  the date of purchase and the date of the sale or disposal of the drugs and controlled substances by the physician;
(2)  the name and address of the person receiving the drugs or controlled substances;  and
(3)  the reason for the disposing or dispensing of the drugs or controlled substances to the person.
(b)  Failure to keep the records required by this section for a reasonable time constitutes grounds for revoking, canceling, suspending, or placing on probation the physician's license.
(c)  The board or its representative may enter and inspect a physician's place of practice during reasonable business hours to:
(1)  verify the accuracy of the records;  and
(2)  perform an inventory of the prescription drugs on hand.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.