No permit shall be issued:
(1) Which may tend to deplete any natural run of anadromous fish or any population of resident game fish.
(2) Which may result in waste or deterioration of fish.
(3) If the proposed operation is to be located on the same stream or river or tributary thereof on which a state or federal fish culture facility is established or is planned to be established.
(4) If the proposed operation is not consistent with sound resource management and is not in close proximity to the ocean.
(5) If the State Fish and Wildlife Commission determines the applicant does not have the financial capability to successfully construct and operate the hatchery or may not properly conduct the operation authorized under the permit.