(a) Unless precluded by this chapter or other law, the board may dispose of a complaint by:
(1) stipulation;
(2) agreed settlement;
(3) agreed order; or
(4) dismissal.
(b) An agreed disposition of a complaint is considered to be a disciplinary order for purposes of reporting under this chapter and an administrative hearing and proceeding by a state or federal regulatory agency regarding the practice of nursing.
(c) An agreed order is a public record.
(d) In civil or criminal litigation an agreed disposition is a settlement agreement under Rule 408, Texas Rules of Evidence.