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UPDATE 3, 4:16 p.m. ET:

Marc Ratner, UFC Vice President of Regulatory Affairs, confirmed with Bleacher Report that Eye's fight against Alexis Davis will indeed move forward on February 22.

Separate sources also told Bleacher Report that the substance Eye failed for was not performance-enhancing, but rather a blood-thinning medication used to treat a long-term issue stemming from an accident when she was hit by a drunk driver at 16 years old.

UPDATE 2, 3:43 p.m. ET:

Bleacher Report has filed an official request with the Texas Secretary of State to obtain access to the Eye administrative order. However, HIPAA privacy laws may prevent the release of the information.

We're also still waiting on official word from the UFC on Eye's status for her UFC 170 bout against Alexis Davis.

UPDATE:

A TDLR official told Bleacher Report that Eye's suspension is considered "probationary in nature" and that she is still allowed to fight at UFC 170 as long as she complies with the terms of the administrative decision. We have reached out to TDLR officials and hope to provide clarification shortly.

UFC bantamweight Jessica Eye has been suspended for one year (effective January 22, 2014) and fined $1,875 for failing a drug test for a banned substance following her UFC 166 win over Sarah Kaufman.

Sources close to the Texas Department of Licensing and Regulation informed Bleacher Report of the result on Monday morning.

Last week, the result of the fight was quietly changed from a win for Eye to a no decision. The TDLR made the administrative decision on January 22, which will also serve as the first date of her suspension.

Eye was scheduled to face Alexis Davis at UFC 170 on February 22.

Andrew Richardson-USA TODAY Spor

Sources close to her camp told Bleacher Report that Eye plans on continuing with the fight and will file a dispute with the Texas commission. Officials with the UFC's public relations department told Bleacher Report that they are looking into the situation and will have an update on Eye's UFC 170 status shortly.

At press time, there is no word what substance Eye failed for or why it took nearly three months for the commission to overturn the decision and issue the suspension.

Eye's victory over Kaufman was a controversial one. Kaufman has been vocal in her belief that she defeated Eye and noted on Twitter last week that she was glad to have the result overturned to something other than a loss.

We'll continue to follow this story and provide updates at the top as we receive them.