; and (ii) after the Secretary takes into account— (I) the goals the State, local area, or consortium intends to achieve through the demonstration project; and (II) the participants the State, local area, or consortium intends to serve under such project; and (iii) prior to approval of the application submitted under subsection (d). (5) Reporting outcomes Submit, on an annual basis, to the Secretary a report, with respect to such State, local area, or consortium, on— (A) participant outcomes for each indicator of performance described in subsection (f)(1)(A) for the activities carried out under the project; and (B) the applicable requirements of section 116(d)(2), including subparagraphs (B) through (G) and subparagraph (J), as such subparagraphs are applicable to activities under the demonstration project. (6) Compliance with certain existing requirements Comply with the statutory or regulatory requirements listed in subsection (b)(2). (f) Performance accountability (1) Establishment of baseline level for performance (A) In general Each State shall describe in the application submitted under subsection (d), for each year of the demonstration period— (i) with respect to participants who are at least 25 years old, the expected levels of performance for each of the indicators of performance under section 116(b)(2)(A)(i) for the activities carried out under the project under this section, which shall meet the requirements of subparagraph (B)