; 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; and (B) may be renewed for additional 5-year demonstration periods, if the State, local area, or consortium meets its expected levels of performance established under subsection (f)(1) for each of the final 3 years of the preceding 5-year period. (2) Limitations (A) Demonstration period limitations For each 5-year demonstration period (including renewals of such period)— (i) not more than 8 States may carry out demonstration projects approved for a State as a whole under this section; and (ii) not more than 8 local areas (or consortia of local areas) may carry out demonstration projects approved for a local area (or a consortium) under this section. (B) State limitations Not more than 1 demonstration project may be approved under this section per State. For purposes of this paragraph, a demonstration project approved for a local area or a consortium of local areas in a State shall be considered a demonstration project approved under this section for the State. (d) Application (1) In general To be eligible to carry out a demonstration project under this section, a State shall submit to the Secretary an application at such time, and in such manner, as the Secretary may reasonably require, and containing the information described in paragraph (2). (2) Content Each application submitted by a State under this subsection shall include the following: (A) A description of the demonstration project to be carried out under this section, including— (i) whether the project will be carried out— (I) by the State as a whole; (II) by a local area, and if so— (aa) an identification of— (AA) such local area; and (BB) whether the local board for such local area is the fiscal agent for the project, or whether the local board has entered into a written agreement with the State for the State to serve as the fiscal agent during the project