ยง 552. Applications,  reports,  regulations.    Each qualifying school
  which seeks an apportionment pursuant to this article  shall  submit  to
  the  commissioner  an  application therefor, at such times, in such form
  and containing such information as the commissioner  may  by  regulation
  prescribe  in  order  to  carry  out the purposes of this article.  Such
  applications shall include an audited statement of the  expenditures  of
  maintenance and repair of such qualifying school for the base year.