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An application for a local map amendment must not be accepted for filing if the application does not conform to any applicable requirement of this Article. An application must specify the names of all persons having a substantial interest in the subject property which is the subject of the application, which includes all persons with a share in the property amounting to 5 percent or more (whether held in an individual or corporate capacity) of the full cash value of the property after subtracting all mortgages, deeds of trusts, liens, and encumbrances. The application must also contain the names of all contract purchasers and all persons holding a mortgage, deed of trust, or option to purchase the property. The application must include a statement disclosing political contributions to the treasurer or political committees of candidates for County Council and County Executive or slates which contribute to candidates for County Council or County Executive as required by state law. The disclosure statement must be submitted on a form approved by the District Council.