(b) The state regulation or regulations shall be specifically identified in the waiver request, with a statement of the reason why the identified regulation or regulations should be waived and, where applicable, the following:

1. (1) An assurance as to how planned interagency collaborative activities can meet the program intent of the regulation or regulations.
2. (2) An explanation as to why the identified regulation or regulations would create duplication of effort with an interagency collaborative approach.
3. (3) An explanation as to how a waiver of the regulation or regulations would not hinder the ability of the involved state agency’s fiscal accountability or responsibility for federal moneys, and how granting of the waiver would support achievement of estimated cost avoidance, and result in decreased use of group homes, children and adolescent state hospital programs, nonpublic school residential placement, and juvenile justice reincarcerations, and in improved school attendance or performance.