Notwithstanding any other provision of this subtitle, a wholesale distributor applicant or permit holder that prepares sterile drug products shall submit to the Board a report of an inspection conducted by the U.S. Food and Drug Administration or a Board designee: At the time of application; and On renewal. The inspection report required under subsection (a) of this section shall: Be conducted within 1 year before the date of application or renewal; and Demonstrate compliance with applicable federal good manufacturing practice standards. An applicant or permit holder is responsible for obtaining an inspection to meet the requirements of this section.