; and (bb) subsections (b) and (c) of section 133; or (II) if the local board of the local area enters into a written agreement with the State for the State to serve as the fiscal agent for the local board during the demonstration project, use the funds described in subclause (I) for purposes of carrying out the project on behalf of the local board. (iii) Consortium of local areas In a case of a consortium of local areas selected by a State to carry out a demonstration project under this section, require the State to— (I) distribute as a consolidated sum to the consortium, for purposes of carrying out the project, the total amount of the allocations for the local areas in such consortium for such fiscal year under— (aa) subsections (b) and (c) of section 128; and (bb) subsections (b) and (c) of section 133; or (II) if the consortium enters into a written agreement with the State for the State to serve as the fiscal agent for the consortium during the demonstration project, use the funds described in subclause (I) for purposes of carrying out the project on behalf of such consortium. (2) Exceptions (A) In general A State, local area, or consortium of local areas carrying out a demonstration project under this section shall comply with statutory or regulatory requirements of this Act relating to— (i) performance accountability and reporting, except as otherwise provided in this section; (ii) the membership of local or State boards in instances where a State carrying out a demonstration project will maintain the use of such boards during the demonstration period