; (B) how the eligibility entity will use the requested funds to implement the promising and evidence-based institutional reforms and innovative practices to improve student outcomes identified by such entity under section 499C(b)(3), including annual implementation benchmarks that the entity will use to track progress in implementing such reforms and practices; (C) how the eligible entity will meet its matching fund requirements under section 499I(b); (D) if the eligible entity is a State, how such eligible entity will prioritize spending on the public institutions of higher education specified in paragraph (2)(B); and (E) the improvements the eligible entity anticipates in student outcomes, including improvements in transfer rates or completion rates, or both. (2) if the eligible entity is a State, an analysis that includes— (A) with respect to each public institution of higher education of the eligible entity— (i) the total per-student funding; (ii) the amount of per-student funding from State-appropriated funds; (iii) the student demographics (including, data on race, income, disability status, and remediation); and (iv) transfer and completion rates, including such rates among low-income students, students of color, students with disabilities, and students in need of remediation; and (B) an analysis of whether, of the public institutions of higher education of the eligible entity, the public institutions of higher education that received less funding on a per-student basis described in clause (i) or (ii), or both, of subparagraph (A), are serving disproportionately high shares of low-income students, students of color, students with disabilities, or students in need of remediation. (b) Approval (1) In general Not later than 180 days after receiving a plan under subsection (a), the Secretary shall— (A) approve the plan