A. Before approving or rejecting the application, the director may require additional information to enable it to protect properly the public interest and may, on applications proposing to divert more than ten cubic feet of water per second, require a statement of the following facts:

1. 1. If a corporation, a copy of the articles of incorporation, the names and residences of directors and officers and the amount of its authorized and paid-up capital.
2. 2. If not a corporation, the name of the party proposing to construct the works and a disclosure of the party's financial ability to complete the proposed work.