; or (II) the alternate baseline level of performance for the corresponding indicators of performance that is agreed upon between the State and the Secretary under subsection (f)(1)(B)(ii). (2) Limitations (A) Demonstration period limitations For each 5-year demonstration period (including renewals of such period) the Secretary may not approve— (i) more than 4 demonstration projects for States described in paragraph (3) to carry out a demonstration project described in subsection (b)(1)(B)(i); and (ii) more than 6 demonstration projects for local areas (or consortia of local areas) to carry out a demonstration project described in clause (ii) or (iii) of subsection (b)(1)(B). (B) State limitations No more than 1 demonstration project may be approved under this section per State. For purposes of this subparagraph, a demonstration project described in clause (ii) or (iii) of subsection (b)(1)(B) approved for a local area or a consortium of local areas, respectively, in a State shall be considered a demonstration project approved under this section for the State. (3) Eligible States The Secretary may not approve a demonstration project for a State as a whole described in subsection (b)(1)(B)(i) unless, at the time of submission of the application, such State is— (A) a State designated as a single State local area; or (B) a State with— (i) a labor force participation rate that is less than 60 percent for the most recent program year