Applications for construction loans under this chapter shall include:
(a) A description of the proposed facilities.
(b) A statement of facts showing the necessity for the proposed facilities and showing that funds of the public agency are not available for financing such facilities and that the sale of revenue or general obligation bonds through private financial institutions is impossible or would impose an unreasonable burden on the public agency.
(c) A proposed plan for repaying the loan.
(d) Other information as required by the state board.
(Added by Stats. 1969, Ch. 482.)