; and (2) assist in carrying out the activities under this Act. 4. Requirements for hazard-resistance and energy and water conservation An eligible entity that receives a grant under this Act shall ensure that any new construction, modernization, or renovation project carried out with such grant funds meets or exceeds the following requirements: (1) Requirements for such projects set forth in the most recent published edition of a nationally recognized, consensus-based model building code. (2) Requirements for such projects set forth in the most recent published edition of a nationally recognized, consensus-based model energy conservation code. (3) Performance criteria under the WaterSense program, established under section 324B of the Energy Policy and Conservation Act ( 42 U.S.C. 6294b ), applicable to such projects within a nationally recognized, consensus-based model code. 5. Use of small business concerns In carrying out projects funded with a grant under this Act, an eligible entity shall seek to procure contracts from small business concerns owned and controlled by veterans (including service-disabled veterans), qualified HUBZone small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, and small business concerns owned and controlled by women. 6. Reservation for administrative and other activities (a) Reservation An eligible entity that receives a grant under this Act may reserve a total of not more than five percent of the amount of such grant to— (1) develop the facilities master plan required under subsection (b); (2) carry out activities to— (A) protect the health of students, staff, administrators, faculty, researchers, and guests during the construction or modernization of the campus facilities of such entity; and (B) mitigate excessive noise caused by activities carried out under this Act; (3) pay personnel to carry out administrative work relating to the grant program