Applications for guarantees for local agency bonds under this chapter shall include:

1. (a) A description of the proposed facilities.
2. (b) A financing plan for the proposed facilities, including the amount of debt and maximum term to maturity of the proposed local agency bond issue and identification of sources of revenue that will be dedicated to payment of principal and interest on the bonds.

3. (c) Other information as required by the state board.

   The state board may provide that the application may be combined with applications for any other source of funds administered by the state board.