(a) institutions that have established that their proposed facilities are adequate to provide secure confinement of wildlife, including:
(i) an accredited zoological garden or wildlife sanctuary chartered by the state as a nonprofit corporation;
(ii) a roadside menagerie permitted under 87-4-803 that was established for the purpose of exhibition or attracting trade;
(iii) a research facility for testing and science that employs individuals licensed under 37-34-301 or that submits evidence to the department that it meets animal testing standards as provided by the national institutes of health, the national science foundation, the centers for disease control and prevention, the United States department of agriculture, or another similar nationally recognized and approved testing standard; or
(b) domestic animals.
(2) Authorization for possession must be provided by the department for exotic wildlife possessed as of January 1, 2004, and the authorization may include any conditions and restrictions necessary to minimize risks.