Amend CSHB 3158 as follows:                                                  

(1)  On page 4, line 23, strike "and amending Subsection 	(d)".               
	(2)  Strike page 5, line 8, through page 6, line 1.                            
	(3)  On page 2, between lines 11 and 12, insert the 
following:               
	(b-1)  The directors serving in director positions 1 and 2 
must be representatives of a company or business in the district 
that has the highest and second highest taxable value of real and 
personal property located in the district, as certified by the 
Chambers County Appraisal District.  The directors serving in 
director positions 3 and 4 must be representatives of a company or 
business in the district that owns real or personal property that 
has a taxable value of at least $25,000,000 but  less than 
$250,000,000, as certified by the Chambers County Appraisal 
District.  The director serving in director position 5 must be a 
representative of a company or business that owns real or personal 
property in the district that has a taxable value of at least 
$5,000,000 but less than $25,000,000, as certified by the Chambers 
County Appraisal District.
	(b-2)  The directors shall elect a chairperson from the 
directors.  The person elected serves a term of four years as 
chairperson.  Beginning September 1, 2007, the chairperson shall be 
elected by the directors from among the directors in positions 1, 2, 
3, 4, and 5.  At the conclusion of the term of the initial 
chairperson elected under this subsection, the chairperson shall be 
elected by the directors from among the directors in positions 6 and 
7.  The group of directors from which the chairperson is elected 
shall continue to alternate between the directors in positions 1, 
2, 3, 4, and 5, and the directors in positions 6 and 7.