to receive funding to assist with completing a feasibility study, a State or local government shall submit an application for feasibility study funding addressing the following: (1) A description of the outcome goals of the social impact partnership project. (2) A description of the intervention, including anticipated program design, target population, an estimate regarding the number of individuals to be served, and setting for the intervention. (3) Evidence to support the likelihood that the intervention will produce the desired outcomes. (4) A description of the potential metrics to be used. (5) The expected social benefits to participants who receive the intervention and others who may be impacted. (6) Estimated costs to conduct the project. (7) Estimates of Federal, State, and local government savings and other savings if the project is implemented and the outcomes are achieved as a result of each intervention. (8) An estimated timeline for implementation and completion of the project, which shall not exceed 10 years. (9) With respect to a project for which the State or local government selects an intermediary to operate the project, any partnerships needed to successfully execute the project and the ability of the intermediary to foster the partnerships. (10) The expected resources needed to complete the feasibility study for the State or local government to apply for social impact partnership funding under section 2052. (b) Federal selection of applications for feasibility study Not later than 6 months after receiving an application for feasibility study funding under subsection (a), the Secretary, in consultation with the Federal Interagency Council on Social Impact Partnerships and the head of any Federal agency administering a similar intervention or serving a population similar to that served by the project, shall select State or local government feasibility study proposals for funding based on the following: (1) The recommendations made by the Commission on Social Impact Partnerships. (2) The