1. In order to qualify as the recipient of a permit described in NRS 381.197, the applicant must show:
(a) That the investigation, exploration or excavation is undertaken for the benefit of a reputable museum, university, college or other recognized scientific or educational institution, with a view of increasing knowledge.
(b) That the gathering is made for permanent preservation in public museums or other recognized educational or scientific institutions.
(c) That the applicant possesses sufficient knowledge and scientific training to make such an investigation, exploration or excavation.
(d) The location of the site where the applicant proposes to investigate, explore or excavate.
2. The Museum Director may prescribe reasonable regulations for carrying out such investigations, explorations or excavations.