An application for designation as the local sponsor of a project under the Texas Water Code, §16.092, shall include:(1) a detailed description of the proposed project, including the location and purpose(s) of the project;(2) the reasons for the application;(3) the contemplated use of water the applicant might derive from the project if a permit for use is subsequently granted by the commission; and(4) the contribution the applicant is prepared to make up to the planning and/or development of the project.