<PAGE>   1
                                                                   EXHIBIT 10.66

                           BOLLINGER INDUSTRIES, INC.
                       2000 NONQUALIFIED STOCK OPTION PLAN

SECTION 1. PURPOSE; DEFINITIONS

         The purposes of the Plan are (1) to provide an additional incentive for
Participants to further the growth, development, and financial success of the
Corporation by personally benefiting through the ownership of Common Stock and
(2) to enable the Corporation to obtain and retain the services of Participants,
which services are considered essential to the long range success of the
Corporation, by offering them an opportunity to own Common Stock in the
Corporation.

         For purposes of the Plan, the following terms are defined as set forth
below:

         (a) "Board" means the Board of Directors of the Corporation, as duly
elected from time to time.

         (b) "Code" means the Internal Revenue Code of 1986, as amended and
interpreted by the regulations thereunder from time to time, and any successor
thereto.

         (c) "Commission" means the Securities and Exchange Commission or any
successor agency.

         (d) "Common Stock" means the common stock, par value $0.01 per Share,
of the Corporation, subject to adjustment and substitution as provided in the
Plan.

         (e) "Corporation" means Bollinger Industries, Inc., a Delaware
corporation, and its successors.

         (f) "Date of Grant" means the date on which the Board resolves to grant
a Nonqualified Stock Option to a Participant.

         (g) "Effective Date" means June 22, 2000.

         (h) "Eligible Director" means a member of the Board who is not an
officer or other employee of the Corporation or of any corporation or other
entity which is then a Subsidiary.

         (i) "Exchange Act" means the Securities Exchange Act of 1934, as
amended and as interpreted by the rules and regulations promulgated thereunder
from time to time, and any successor thereto.

         (j) "Exercise Price" means the amount for which one Share may be
purchased upon the exercise of a Nonqualified Stock Option, as specified by the
Board in the applicable Stock Option Agreement, but in no event less than the
par value per Share.



<PAGE>   2

         (k) "Expiration Date" means the date immediately preceding the tenth
anniversary date of the Date of Grant or such earlier date as may be set forth
in the Stock Option Agreement.

         (l) "Fair Market Value" means as of any given date, the mean between
the highest and lowest reported sales prices of the Common Stock on any national
securities exchange on which the Common Stock is listed or on the NASDAQ. If
there is no regular public trading market for such Common Stock, the Fair Market
Value of the Common Stock shall be determined by the Board in good faith.

         (m) "Legal Representative" means the guardian or legal representative
of a Participant who, upon the disability or incapacity of the Participant,
shall have acquired on behalf of the Participant, by legal proceeding or
otherwise, the right to exercise the Participant's rights and receive his
benefits under the Plan.

         (n) "Nonqualified Stock Option" means a "nonstatutory stock option,"
i.e., an option which does not qualify under Section 422 or 423 of the Code,
granted to a Participant under the Plan.

         (o) "Participant" means an Eligible Director, consultant, or advisor of
the Corporation who is selected by the Board for grants of Nonqualified Stock
Options under the Plan.

         (p) "Personal Representative" means the executor, administrator or
personal representative appointed to administer a Participant's estate or any
person who acquires the right to exercise the Stock Option by will or by the
laws of descent and distribution.

         (q) "Plan" means the Bollinger Industries, Inc. 2000 Nonqualified Stock
Option Plan, as set forth herein and as hereinafter amended from time to time.

         (r) "Plan Termination Date" means the day immediately prior to the
tenth anniversary date of the Effective Date.

         (s) "Rule 16b-3" means Rule 16b-3, as promulgated by the Commission
under Section 16(b) of the Exchange Act, as amended from time to time.

         (t) "Securities Act" means the Securities Act of 1933, as amended and
as interpreted by the rules and regulations promulgated thereunder from time to
time, and any successor thereto.

         (u) "Share" means one share of Common Stock of the Corporation, as
adjusted in accordance with SECTION 4(F) of the Plan.

         (v) "Stock Option Agreement" means the agreement executed between the
Corporation and a Participant that contains the terms, conditions, and
restrictions pertaining to the granting of a Nonqualified Stock Option,
including any amendment thereto. Any inconsistencies between the Plan and any
Stock Option Agreement shall be controlled by the Plan.



                                      -2-
<PAGE>   3

         (w) "Subsidiary" means any corporation in an unbroken chain of
corporations beginning with the Corporation if each of the corporations other
than the last corporation in the unbroken chain then owns stock possessing 50%
or more of the total combined voting power of all classes of stock in one of the
other corporations in such chain. "Subsidiary" also means any partnership in
which the Corporation and/or any Subsidiary owns more than 50% of the capital or
profits interest.

         In addition, certain other terms used herein have definitions given to
them in the first place in which they are used.

         Except when otherwise indicated by the context, any masculine or
feminine terminology when used in the Plan shall also include the opposite
gender; and the definition of any term herein in the singular shall also include
the plural, and vice versa.

SECTION 2. ADMINISTRATION

         The Plan shall be administered by the Board, which may from time to
time delegate all or any part of its authority under the Plan to a committee or
subcommittee of not less than two directors appointed by the Board who are
"non-employee directors" within the meaning of that term as defined in Rule
16b-3 under the Exchange Act. To the extent of any delegation by the Board under
this Plan, references in this Plan to the Board shall also refer to the
applicable committee or subcommittee. The Board shall have authority to grant
Nonqualified Stock Options pursuant to the terms of the Plan to Participants.
Among other things, the Board shall have the authority, subject to the terms of
the Plan, to:

         (a) Select the Participants to whom Nonqualified Stock Options may from
time to time be granted;

         (b) Determine the number of Shares to be covered by each Nonqualified
Stock Option granted hereunder;

         (c) Determine the terms and conditions of any Nonqualified Stock Option
granted hereunder including, but not limited to, the Exercise Price (subject to
the provisions of SECTION 4(a)), any vesting condition, restriction or
limitation (which may be related to the performance of the Participant, the
Corporation or any Subsidiary), and any vesting acceleration or forfeiture
waiver regarding any Nonqualified Stock Option and the Shares relating thereto,
based on such factors as the Board shall determine;

         (d) Modify, amend or adjust the terms and conditions of any
Nonqualified Stock Option, at any time or from time to time; and

         (e) Determine to what extent and under what circumstances the delivery
of Shares and other amounts payable with respect to a Nonqualified Stock Option
shall be deferred.



                                      -3-
<PAGE>   4

         The Board shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as it shall
from time to time deem advisable, to interpret the terms and provisions of the
Plan and any Nonqualified Stock Option issued under the Plan (and any Stock
Option Agreement relating thereto), and to otherwise supervise the
administration of the Plan.

         With respect to the Plan or any Nonqualified Stock Options granted
thereunder, the acts of a majority of the Board members present at meetings at
which a quorum exists, or acts reduced to or approved in writing by a unanimous
consent of all the Board members, shall be the valid acts of the Board. A
majority of the Board shall constitute a quorum.

         Any determination made by the Board with respect to any Nonqualified
Stock Option shall be made in the sole discretion of the Board at the time of
the grant of the Nonqualified Stock Option or, unless in contravention of any
express term of the Plan, at any time thereafter. All decisions made by the
Board pursuant to the provisions of the Plan shall be final and binding on all
persons, including the Corporation and Participants.

         All expenses and liabilities incurred by members of the Board in
connection with the administration of the Plan shall be borne by the
Corporation. The Board may employ attorneys, consultants, accountants,
appraisers, brokers or other persons. The Board, the Corporation and its
officers and directors shall be entitled to rely upon the advice, opinions, or
valuations of any such persons. No member of the Board shall be personally
liable for any action, determination, or interpretation made in good faith with
respect to the Plan or the Nonqualified Stock Options, and all members of the
Board shall be fully protected by the Corporation in respect to any such action,
determination or interpretation.

SECTION 3. COMMON STOCK SUBJECT TO PLAN

         The total number of Shares reserved and available for grant under the
Plan shall be 200,000, subject to adjustment as provided in SECTION 4(F). For
purposes of determining the number of Shares with regard to which Nonqualified
Stock Options may be granted under the Plan, such number shall increase by the
number of Shares tendered or relinquished to the Corporation (a) in connection
with the exercise of a Nonqualified Stock Option or (b) in payment of federal,
state or local income tax withholding liabilities upon exercise of a
Nonqualified Stock Option.

         Shares subject to a Nonqualified Stock Option under the Plan may be
authorized and unissued Shares or may be treasury Shares.

         If a Nonqualified Stock Option expires or is cancelled without being
fully exercised, unexercised Shares subject to such Nonqualified Stock Option
shall again be available for distribution in connection with Nonqualified Stock
Options under the Plan.



                                      -4-
<PAGE>   5

SECTION 4. NONQUALIFIED STOCK OPTIONS

         The Board shall have the authority to grant Nonqualified Stock Options
to Participants under the Plan on or before the Plan Termination Date.

         Nonqualified Stock Options shall be evidenced by the Stock Option
Agreements, the terms and provisions of which may differ for each Participant
and for each grant of a Nonqualified Stock Option to the same Participant. The
grant of a Nonqualified Stock Option shall occur on the Date of Grant. Written
notice of the Board's determination to grant a Nonqualified Stock Option to a
Participant, evidenced by a Stock Option Agreement, dated as of the Date of
Grant and executed by the Corporation, shall be given to such Participant within
a reasonable period of time after the Date of Grant.

         The Board may, in its discretion and on such terms as it deems
appropriate, require as a condition to the grant of a Nonqualified Stock Option
to a Participant that the Participant surrender for cancellation some or all of
the unexercised Nonqualified Stock Options which have been previously granted to
him. A Nonqualified Stock Option the grant of which is conditioned upon such
surrender may have a per Share Exercise Price lower (or higher) than the per
Share Exercise Price of the surrendered Nonqualified Stock Option, may cover the
same (or a lesser or greater) number of Shares as the surrendered Nonqualified
Stock Option, may contain such other terms as the Board deems appropriate and
shall be exercisable in accordance with its terms, without regard to the number
of Shares, Exercise Price, term or any other term or condition of the
surrendered Nonqualified Stock Option.

         Additionally, the Board may, in its discretion and on such terms as it
deems appropriate, require as a condition to the grant of a Nonqualified Stock
Option to a Participant that the Participant agree not to sell or otherwise
dispose of the Nonqualified Stock Option, or any Shares of Common Stock acquired
pursuant to the Nonqualified Stock Option, for any period of time following the
Date of Grant of the Nonqualified Stock Option, as determined by the Board.

         Nonqualified Stock Options granted under the Plan shall be subject to
the following terms and conditions and shall contain such additional terms and
conditions as the Board shall deem desirable:

         (a) Exercise Price. The Exercise Price per Share purchasable under a
Nonqualified Stock Option shall be determined by the Board and set forth in the
Stock Option Agreement. The Exercise Price shall not be less than 100% of the
Fair Market Value of the Common Stock subject to the Nonqualified Stock Option
on the Date of Grant.

         (b) Option Term. The term of each Nonqualified Stock Option shall be
ten years from the Date of Grant or such shorter term as may be determined by
the Board.

         (c) Exercisability. Except as otherwise provided herein, Nonqualified
Stock Options shall be exercisable by the Participant, his Legal Representative
or his



                                      -5-
<PAGE>   6

Personal Representative at such time or times on or before the Expiration Date
and subject to such terms and conditions as shall be determined by the Board. If
the Board provides that any Nonqualified Stock Option is exercisable only in
installments, the Board may at any time waive such installment exercise
provisions, in whole or in part, based on such factors as the Board may
determine. In addition, the Board may at any time accelerate the exercisability
of any Nonqualified Stock Option.

         (d) Method of Exercise. Subject to the provisions of this SECTION 4 and
any restrictions set forth in the Stock Option Agreement, a Nonqualified Stock
Option may be exercised, in whole or in part, at any time during the term of the
Nonqualified Stock Option by giving written notice of exercise to the
Corporation specifying the number of Shares subject to the Nonqualified Stock
Option to be purchased, form of payment, and proposed closing date. A
Nonqualified Stock Option may not be exercised for a fraction of a Share and the
Board may, by the terms of the Nonqualified Stock Option, require any partial
exercise to be with respect to a specified minimum number of Shares.

                  Such notice shall be accompanied by payment in full of the
purchase price for the Shares subject to the Nonqualified Stock Option being
purchased by certified or bank check or such other instrument as the Board may
accept. Payment, in full or in part, may also be made in the form of Shares
owned by the Participant duly endorsed for transfer to the Corporation, or by
Shares issuable to the Participant upon exercise of the Nonqualified Stock
Option, in each case with a Fair Market Value on the date the Nonqualified Stock
Option is exercised equal to the aggregate Exercise Price of the Shares with
respect to which such Nonqualified Stock Option or portion is thereby exercised;
provided, however, any portion of the Exercise Price representing a fraction of
a Share shall in any event be paid in cash.

                  Additionally, such notice shall be accompanied by payment to
the Corporation (or other employer Subsidiary) of all amounts which the
Corporation (or other employer Subsidiary) is required to withhold under
federal, state or local law in connection with the exercise of the Nonqualified
Stock Option.

                  The Board may require each person purchasing or receiving
Shares pursuant to a Nonqualified Stock Option to furnish to the Corporation
such other documents or make such representations as the Corporation may require
to assure compliance with all applicable laws and regulations. In particular,
the Corporation may require each such person to represent to and agree with the
Corporation in writing that such person is acquiring the Shares for such
person's own account without a view to the distribution thereof. The
certificates for such Shares may include any legend which the Board deems
appropriate to reflect any restrictions on transfer.

                  In the event the Nonqualified Stock Option is exercised by
either the Legal Representative or the Personal Representative of the
Participant, the Legal Representative or Personal Representative, as the case
may be, shall demonstrate compliance with SECTION 4(e) of the Plan and submit
such additional documentation as may be requested by the Corporation.



                                      -6-
<PAGE>   7

                  No Shares shall be issued until full payment therefor has been
made. A Participant shall have all the rights of a shareholder of the
Corporation holding Shares (including, if applicable, the right to vote the
Shares and the right to receive dividends), only when (1) the Participant has
given written notice of exercise, has paid in full for such Shares and, if
requested, has furnished the documents and given the representations described
in this SECTION 4(d), and (2) the certificates representing such Shares have
been issued by the Corporation to the Participant.

         (e) Nontransferability of Nonqualified Stock Options. No Nonqualified
Stock Option granted under the Plan may be sold, pledged, assigned,
hypothecated, transferred or disposed of in any manner other than by will or by
the laws of descent and distribution, and no Nonqualified Stock Option granted
under the Plan is assignable by operation of law or subject to execution,
attachment or similar process. A Nonqualified Stock Option granted under the
Plan can only be exercised during the Participant's lifetime by such Participant
or his Legal Representative. Any attempted sale, pledge, assignment,
hypothecation or other transfer of the Nonqualified Stock Option contrary to the
provisions hereof, or the levy of any execution, attachment or similar process
upon the Nonqualified Stock Option, shall be null and void and without force or
effect.

         (f) Adjustments Upon Changes in Capitalization. If the outstanding
Shares of Common Stock are (1) changed into or exchanged for a different number
or kind of Shares of the Corporation or other securities of the Corporation by
reason of a merger, consolidation, recapitalization, or reclassification, or (2)
the number of Shares of Common Stock is increased or decreased by reason of a
stock split-up, stock dividend, combination of Shares or any other increase or
decrease in the number of such Shares of Common Stock effected without receipt
of consideration by the Corporation (provided, however, that conversion of any
convertible securities of the Corporation shall not be deemed to have been
"effected without receipt of consideration"), the Board shall make appropriate
adjustments in (i) the number and kind of Shares or other securities with
respect to which Nonqualified Stock Options may be granted under the Plan and
(ii) the number and kind of Shares or other securities as to which all
outstanding Nonqualified Stock Options, or portions thereof then unexercised,
shall be exercisable, to the end that after such event the Participant's
proportionate interest shall be maintained as before the occurrence of such
event. Any adjustment to the Shares subject to an outstanding Nonqualified Stock
Option shall be made without change in the total Exercise Price applicable to
such Nonqualified Stock Option or the unexercised portion of such Nonqualified
Stock Option (except for any change in the aggregate Exercise Price resulting
from rounding-off of Share quantities or prices) and with any necessary
corresponding adjustment in the Exercise Price per Share; provided, however,
that each such adjustment shall be made in such manner as not to constitute a
"modification" within the meaning of Section 424(h)(3) of the Code. Any such
adjustment made by the Board shall be final and binding upon all Participants,
the Corporation and all other interested persons. No adjustment under this
SECTION 4(F) shall require the Corporation to issue or sell a fraction of a
Share or other security. Accordingly, all fractional Shares or other securities
resulting from such adjustment shall be eliminated and not carried forward to
any subsequent adjustment.



                                      -7-
<PAGE>   8

         (g) Merger, Consolidation, Acquisition, Liquidation or Dissolution.
Notwithstanding the provisions of SECTION 4(f), in its absolute discretion, and
on such terms and conditions as it deems appropriate, the Board may provide by
the terms of any Nonqualified Stock Option that such Nonqualified Stock Option
cannot be exercised after the merger or consolidation of the Corporation with or
into another corporation, the acquisition by another corporation or person
(excluding any employee benefit plan of the Corporation or any trustee or other
fiduciary holding securities under an employee benefit plan of the Corporation)
of all or substantially all of the Corporation's assets or fifty-one percent
(51%) or more of the Corporation's then outstanding voting stock, or the
liquidation or dissolution of the Corporation. If the Board so provides, it may,
in its absolute discretion and on such terms and conditions as it deems
appropriate, also provide, either by the terms of such Nonqualified Stock Option
or by a resolution adopted prior to the occurrence of such merger,
consolidation, acquisition, liquidation or dissolution, that, for some period of
time prior to such event, such Nonqualified Stock Option shall be exercisable as
to all Shares covered thereby, notwithstanding anything to the contrary in the
Plan or the Stock Option Agreement.

         (h) Additional Transfer Restrictions. The Board, in its absolute
discretion, may impose such restrictions on the transferability of the Shares
purchasable upon the exercise of a Nonqualified Stock Option as it deems
appropriate. Any such other restrictions shall be set forth in the Stock Option
Agreement and may be referred to on the certificates evidencing the Shares.

SECTION 5. TERM, AMENDMENT AND TERMINATION

         The Plan will terminate on the Plan Termination Date. Under the Plan,
Nonqualified Stock Options outstanding as of such date shall not be affected or
impaired by the termination of the Plan.

         The Board may amend, alter, or discontinue the Plan, but no amendment,
alteration or discontinuation shall be made which would (i) impair the rights of
a Participant under a Nonqualified Stock Option without the Participant's or
recipient's consent, except such an amendment made to cause the Plan to qualify
for the exemption provided by Rule 16b-3, or (ii) disqualify the Plan from the
exemption provided by Rule 16b-3. In addition, no such amendment shall be made
without the approval of the Corporation's shareholders to the extent such
approval is required by Rule 16b-3 or otherwise.

         The Board may amend the terms of any Nonqualified Stock Option
theretofore granted, prospectively or retroactively, but no such amendment shall
impair the rights of any holder without the holder's consent except such an
amendment made to cause the Plan or Nonqualified Stock Option to qualify for the
exemption provided by Rule 16b-3. In the event of any such amendment to the
Plan, the holder of a Nonqualified Stock Option outstanding under the Plan
shall, upon request of the Board and as a condition to the exercise of such
Nonqualified Stock Option, execute an amendment, in the form prescribed by the
Board, to the Stock Option Agreement within such reasonable time as the Board
shall specify in such request.



                                      -8-
<PAGE>   9

         Subject to the above provisions, the Board shall have authority to
amend the Plan to take into account changes in law, and tax and accounting rules
and to grant Nonqualified Stock Options which qualify for beneficial treatment
under such rules without stockholder approval.

SECTION 6. UNFUNDED STATUS OF PLAN

         It is presently intended that the Plan constitute an "unfunded" plan
for incentive and deferred compensation. The Board may authorize the creation of
trusts or other arrangements to meet the obligations created under the Plan to
deliver Common Stock or make payments; provided, however, that unless the Board
otherwise expressly determines, the existence of such trusts or other
arrangements is consistent with the "unfunded" status of the Plan.

SECTION 7. GENERAL PROVISIONS

         (a) The Corporation shall not be required to issue or deliver any
certificate or certificates for Shares under the Plan prior to fulfillment of
all of the following conditions:

                  (1) Listing, or approval for listing upon notice of issuance,
of such Shares on the NASDAQ or such securities exchange as may at the time be
the principal market for the Common Stock;

                  (2) Effectiveness of any registration or other qualification
of such Shares of the Corporation under any state or federal law or regulation,
or the maintaining in effect of any such registration or other qualification
which the Board shall, in its absolute discretion upon the advice of counsel,
deem necessary or advisable;

                  (3) Receipt of any other consent, approval, or permit from any
state or federal governmental agency which the Board shall, in its absolute
discretion after receiving the advice of counsel, determine to be necessary or
advisable;

                  (4) Compliance with all other applicable laws, regulations,
rules and orders which may then be in effect; and

                  (5) Payment to the Corporation (or other employer Subsidiary)
by the Participant of all amounts which the Corporation (or other employer
Subsidiary) is required to withhold under federal, state or local law in
connection with the exercise of the Nonqualified Stock Option.

         (b) Nothing contained in the Plan shall prevent the Corporation or any
Subsidiary from adopting other or additional compensation arrangements for the
Participants.

         (c) The Plan is intended to conform to the extent necessary with all
provisions of the Securities Act and the Exchange Act and any and all
regulations and rules promulgated by the Commission thereunder, including
without limitation Rule 16b-3. Notwithstanding anything herein to the contrary,
the Plan shall be



                                      -9-
<PAGE>   10

administered, and the Nonqualified Stock Options shall be granted and may be
exercised, only in such a manner as to conform to such laws, rules and
regulations. To the extent permitted by applicable law, the Plan and the
Nonqualified Stock Options granted hereunder shall be deemed amended to the
extent necessary to conform to such laws, rules and regulations.

         (d) Nothing in the Plan, in any Nonqualified Stock Option granted under
the Plan, or in any Stock Option Agreement shall confer any right on an Eligible
Director to continue as a director of the Corporation, or interfere in any way
with the rights of the shareholders of the Corporation to elect and remove
directors. Additionally, nothing in the Plan, in any Nonqualified Stock Option
granted under the Plan, or in any Stock Option Agreement shall confer any right
on any other Participant to continue any contractual arrangement with the
Corporation or interfere in any way with the rights of the Corporation to
terminate such contractual arrangement.

         (e) The Plan and all Nonqualified Stock Options made and actions taken
thereunder shall be governed by and construed in accordance with the laws of the
State of Texas, without reference to principles of conflict of laws.

SECTION 8. EFFECTIVE DATE OF PLAN

         The Plan shall become effective on the Effective Date.



                                      -10-