Amend HB 3492 (Senate committee printing) by adding the 
following SECTION to the bill, appropriately numbered, and 
renumbering subsequent SECTIONS accordingly:
	SECTION __.  Section 403.302(c), Government Code, is amended 
to read as follows:
	(c)  If after conducting the annual study the comptroller 
determines that the local value for a school district is valid, the 
local value is presumed to represent taxable value for the school 
district.  In the absence of that presumption, taxable value for a 
school district is the state value for the school district 
determined by the comptroller under Subsections (a) and (b) unless 
the local value exceeds the state value, in which case the taxable 
value for the school district is the district's local value.  In 
determining whether the local value for a school district is valid, 
the comptroller shall use a margin of error of 10 [that does not 
exceed five] percent unless the comptroller determines that the 
size of the sample of properties necessary to make the 
determination makes the use of such a margin of error not feasible, 
in which case the comptroller may use a larger margin of error.