; or (ii) have the effect of transferring funds from a program for which there is direct spending (as defined in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900(c) )) to another program. (d) Application requirements To obtain a waiver for two or more covered programs under a project, a Governor shall submit to the Board an application that describes— (1) the programs and requirements of the covered programs under the project; (2) the goals of the project; (3) each change the State intends to make under the project, including the manner in which the change will— (A) promote, with respect to program participants— (i) employment; (ii) savings and financial literacy; and (iii) family stability; (B) reduce the dependence of program participants on government assistance; and (C) reduce poverty; (4) the manner in which— (A) program participants will be served under the project, including eligibility criteria; (B) program benefits will be reduced under the project as the income of program participants is modified; (C) funds will be used under the project, including an assurance that all program funds will be used to assist program participants, subject to subsection (h)(2); (D) the State will evaluate the project by contracting with an independent, third-party evaluator, including a description of— (i) the methodology that will be used to evaluate the project; (ii) the impacts and outcomes that will be measured, and how those impacts and outcomes relate to the goals of the project described under paragraph (2); and (iii) the data that the State will collect and provide to the evaluator that describes program participants and control group members, including— (I) demographic characteristics; (II) financial well-being; (III) history of receipt of government benefits; and (IV) if a program seeks to increase the employment or employability of participants, any barriers to employment or work expenses; (E) the project will be deficit neutral