; (ii) the project is cost-effective; (iii) the eligible applicant has authority to carry out the project; (iv) the eligible applicant has sufficient funding available to meet the matching requirements under paragraph (8); (v) the project will be completed without unreasonable delay; and (vi) the project cannot be easily and efficiently completed without Federal funding or financial assistance available to the project sponsor. (B) Additional considerations In selecting projects described in paragraph (3) for funding under this subsection, the Secretary shall give substantial weight to— (i) the utilization of non-Federal contributions; and (ii) the net benefits of the funds awarded under this subsection, considering the cost-benefit analysis of the project, as applicable. (C) Small projects The Secretary may waive the cost-benefit analysis under subparagraph (A)(ii), and establish a simplified, alternative basis for determining whether a project is cost-effective, for a small project described in paragraph (7)(B). (7) Allocation of funds (A) Geographic distribution Not more than 25 percent of the amounts made available for grants under this subsection for a fiscal year may be used to make grants for projects in any 1 State. (B) Small projects The Secretary shall reserve 25 percent of the amounts made available for grants under this subsection each fiscal year to make grants for eligible projects described in paragraph (3)(A) that request the lesser of— (i) 10 percent of the amounts made available for grants under this subsection for a fiscal year