In this paper we consider the general form of the correlated-determinantal wave function functional of Colle and Salvetti (CS) for the He atom. The specific form employed by CS is the basis for the widely used CS correlation energy formula and the Lee-Yang-Parr correlation energy density functional of Kohn-Sham density functional theory. We show the following: (i) The key assumption of CS for the determination of this wave function functional, viz., that the resulting single-particle density matrix and the Hartree-Fock theory Dirac density matrix are the same, is equivalent to the satisfaction of the Coulomb hole sum rule for each electron position. The specific wave function functional derived by CS does not satisfy this sum rule for any electron position. (ii) Application of the theorem on the one-to-one correspondence between the Coulomb hole sum rule for each electron position and the constraint of normalization for approximate wave functions then proves that the wave function derived by CS violates charge conservation. (iii) Finally, employing the general form of the CS wave function functional, the exact satisfaction of the Coulomb hole sum rule at each electron position then leads to a wave function that is normalized. The structure of the resulting approximate Coulomb holes is reasonably accurate, reproducing both the short- and the long-range behavior of the hole for this atom. Thus, the satisfaction of the Coulomb hole sum rule by an approximate wave function is a necessary condition for constructing wave functions in which electron-electron repulsion is represented reasonably accurately.