The physician assistant board shall:
(1) adopt rules that are reasonable and necessary for the performance of the physician assistant board's duties under this chapter, as provided by Chapter 2001, Government Code, including rules to establish:
(A) licensing and other fees;
(B) license renewal dates; and
(C) procedures for disciplinary actions;
(2) review and approve or reject each application for the issuance or renewal of a license;
(3) issue each license;
(4) deny, suspend, or revoke a license or otherwise discipline a license holder; and
(5) take any action necessary to carry out the functions and duties of the physician assistant board under this chapter.