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(24) HAZARD MITIGATION PLAN <br />If RECIPIENT/SUBGRANTEE is a local governmental entity, <br />RECIPIENT/SUBGRANTEE shall complete and adopt an all-hazards mitigation <br />plan in a manner satisfactory to the State Hazard Mitigation Officer within three <br />hundred and sixty-five (365) calendar days following execution of this <br />Agreement. The all-hazards mitigation plan shall be developed in accordance with <br />the minimum criteria for local hazard mitigation plans as determined by the <br />AGENCY/GRANTEE. The minimum criteria are incorporated by reference into <br />this Agreement as if fully set out herein. <br />(25) VOLUNTEER LABOR <br />The RECIPIENT/SUBGRANTEE shall have the authority to use volunteer labor <br />or any other labor force and shall have the authority to use acquired materials, <br />equipment and supplies necessary to construct, build or erect replacement housing <br />in areas affected by FEMA-ll34-DR-NC, FEMA-1240-DR-NC, FEMA-1291- <br />DR-NC and FEMA-1292-DR-NC. Further, when constructing, building, or <br />erecting replacement housing in the aforementioned affected areas, the <br />RECIPIENT/SUBGRANTEE shall use the replacement housing in lieu of <br />purchasing eligible property pursuant to 44 C.F.R. Section 206.434(d) under the <br />AGENCY/GRANTEE Hazard Mitigation Acquisition and Relocation Program. <br />The RECIPIENT/SUBGRANTEE may use the difference between the actual cost <br />to construct replacement housing and the pre-disaster fair market value of the <br />acquired property as a credit or offset against the grant to acquire additional <br />eligible properties. <br />(26) PRO.TECT IMPLEMENTATION REOUIREMENTS FOR 4292 <br />PRO,TECTS <br />Pursuant to the Interim Rule set forth as 44 C.F.R. §209.10(b) by FEMA at Vol. <br />65, No. 29 of the Federal Register, participating property owners may receive <br />assistance up to the fair market value of their real property as of September l, <br />1999 (reduced by any potential duplication of benefits from other sources). <br />Pursuant to the Interim Rule set forth as 44 C.F.R. §209.10(c) by FEMA at Vol. <br />65, No. 29 of the Federal Register, the following restrictive covenants must be <br />conveyed in the deed to any property acquired, accepted, or from which structures <br />are removed: <br />Hurricane Floyd Property Acquisition & Relocation Agreement Page 16 HFPAR-4292-0067 Orange County <br />