Section 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. 9/1/1999.