; and (2) in the case of a project designed to benefit a rural community outside the jurisdiction of the grantee, to maintain existing water supplies of the grantee that will be reduced as a result of the project. (c) Rural community In this section, the term rural community does not include— (1) any area in any city or town with a population in excess of 10,000 inhabitants according to the most recent decennial census of the United States; or (2) any area with a median household income in excess of the State nonmetropolitan median household income. (d) Full funding Grants under this section shall be made in an amount equal to 100 percent of the costs of the projects conducted under this section. (e) Application Subsection (h) of section 306A shall apply with respect to the administration of applications for grants under this section. . (b) Repeal Effective 5 years after the date of the enactment of this Act, section 306G of the Consolidated Farm and Rural Development Act, as added by the amendment made by subsection (a), is repealed. IV Hetch Hetchy Dam 4001. Hetch Hetchy rental fee update Section 7 of the Act of December 13, 1913 (38 Stat. 242), is amended— (1) by striking pay the sum of $30,000 and all that follows in the first sentence and inserting pay an amount determined annually by the Secretary in accordance with the formula used by the Federal Energy Regulatory Commission for application to licenses of hydroelectric projects under the Federal Power Act ( 16 U.S.C. 791 et seq.), provided that, in no event shall such amount be less than $597,000.00. Said amount to be paid on the first day of July of each year.