; or (2) for the facilities of a public charter school if— (A) the school leases the facilities from an individual or for-profit entity; and (B) such individual, or an individual with a direct or indirect financial interest in such entity, has a management or governance role in such school. 303. Requirements for hazard-resistance and energy and water conservation A local educational agency that receives covered funds shall ensure that any new construction, modernization, or renovation project carried out with such funds meets or exceeds the requirements of the following: (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 of the Energy Policy and Conservation Act ( 42 U.S.C. 6294b ), applicable to such projects within a nationally recognized, consensus-based model code. (4) Indoor environmental air quality requirements applicable to such projects as set forth in the most recent published edition of a nationally recognized, consensus-based code or standard. 304. Green practices (a) In general A local educational agency that uses covered funds for a new construction. modernization, or renovation project shall ensure that such project for new construction is certified, verified, or consistent with the applicable provisions of— (1) the United States Green Building Council Leadership in Energy and Environmental Design green building rating standard (commonly known as the LEED Green Building Rating System ); (2) the Living Building Challenge developed by the International Living Future Institute; (3) a green building rating program developed by the Collaborative for High-Performance Schools (commonly known as CHPS ) that is CHPS-verified