; and (ii) the Secretary may approve not more than 5 pilot demonstrations each fiscal year from the grant applications or plans that contain a request to carry out a pay for success initiative; (B) if the Secretary has any funds reserved for the Secretary under this Act remaining after the Secretary has met the applicable requirements for such funds, the Secretary may, through a competitive process, use the remaining funds to carry out additional pilot demonstrations of pay for success initiatives that accomplishes the objectives of this Act. (2) Use of funds for feasibility studies and rigorous third-party evaluation If the Secretary, or a grant recipient, is authorized to carry out a pay for success initiative under paragraph (1), the Secretary or grant recipient may use funds available for the pay for success initiative— (A) to conduct the feasibility study required under subsection (a)(2)(A)(iii)(I) or the rigorous third-party evaluation required under subsection (a)(2)(A)(iii)(II)