A local board may grant a waiver from Education Article, §9-102(3), Annotated Code of Maryland, to: A converted public charter school that: Subject to §B of this regulation, provides guaranteed placement through a lottery to students who live within the geographic attendance area established by the local board; Is a low-performing school as identified by the local board; Is above the county average rate for the percentage of students who are eligible for free and reduced price meals; and Meets a strategic need of the local school system, as identified in the local board’s public charter school policy developed under Education Article, §9-110, Annotated Code of Maryland, that shall include at least one of the following elements: Serving a high-need population; Increasing student performance; Increasing enrollment; or Increasing student diversity; or A converted public charter school that is seeking renewal of an existing charter contract that was granted under §A(1) of this regulation. If a public charter school does not fill 100 percent of its available space under §A(1) of this regulation, the public charter school shall admit students on a lottery basis to its remaining available space.