The State Board may grant a waiver from Education Article, §9-102(3), Annotated Code of Maryland, to a public charter school if the public charter school: Is located on property within a federal military base in the State; and Will admit students with parents who are not assigned to the base to at least 35 percent of its total available space as part of the initial cohort of students in a grade. If a public charter school is granted a waiver under §A of this regulation, subject to the requirement set forth in §A(2) of this regulation, the public charter school shall: Admit all students on a lottery basis in accordance with Education Article, §9-102.2, Annotated Code of Maryland; and Take reasonable steps to maintain the 35 percent to 65 percent ratio intended as part of the initial cohort of students in a grade.