(1) In addition to the information submitted pursuant to 8.119.302, Application for State Certification of Production, a production company submitting an application for production with a base investment of less than $350,000 but greater than $50,000, shall submit the following:

(a) Professional qualifications of key crew members, such as producer, director, writer, director of photography, cast, and financial or distribution partners; and

(b) Qualifications and experience of production company in relation to the proposed production.