In an application to the board for financial assistance for flood control purposes, the applicant shall include:
(1) the name of the political subdivision and its principal officers;
(2) a citation of the law under which the political subdivision operates and was created;
(3) a description of the flood control measures for which the financial assistance will be used;
(4) the estimated total cost of the measures;
(5) the amount of state financial assistance requested;
(6) the method for obtaining the financial assistance, whether by purchase of bonds or purchase of other obligations of the political subdivision;
(7) the plan for repaying the financial assistance; and
(8) any other information the board requires.