; and (bb) any funds under section 6 of the Wagner-Peyser Act ( 29 U.S.C. 49e ) that the State would otherwise allocate for such fiscal year to the one-stop delivery systems in the local areas in such consortium; or (II) if the consortium enters into a written agreement with the State for the State to serve as the fiscal agent for the local boards represented in the consortium during the demonstration project, use the funds described in items (aa) and (bb) of subclause (I) for purposes of carrying out the project on behalf of such consortium. (2) Exceptions A State, local area, or consortium of local areas carrying out a demonstration project under this section— (A) shall comply with statutory or regulatory requirements of— (i) this Act relating to— (I) wage and labor standards; (II) nondisplacement protections; (III) participation and protection of workers and participants; (IV) nondiscrimination; (V) grievance procedures and judicial review; and (VI) performance accountability and reporting, except as otherwise provided in this section; and (ii) the Wagner-Peyser Act relating to provision of services to unemployed insurance claimants and veterans, and relating to universal access to basic labor exchange services without cost to jobseekers; and (B) may choose to comply with any other statutory or regulatory requirement of this Act or the Wagner-Peyser Act. (c) Demonstration period; Limitations (1) In general A demonstration project approved under this section for a State, local area, or consortium— (A) shall be carried out for a 5-year demonstration period