(a) After announcing the results of an election, the state board shall consider, determine, and record its determination of whether the operation of the conservation district within the defined boundaries is administratively practicable and feasible. In making that determination, the state board shall give due regard and consideration to:
(1) the attitude of eligible voters in the defined boundaries;
(2) the number of persons eligible to vote in the election who voted;
(3) the number of votes cast in the election favoring creation of the conservation district in proportion to the total number of votes cast;
(4) the approximate wealth and income of the eligible voters of the proposed conservation district;
(5) the probable expense of carrying on erosion control operations within the proposed conservation district; and
(6) other relevant social and economic factors, having due regard for the legislative determinations made in § 201.001 of this code.
(b) The state board may proceed with the organization of the conservation district only if:
(1) the board determines that the operation of the conservation district is administratively practicable and feasible; and
(2) at least two-thirds of the votes cast in the election were in favor of creation of the conservation district.

(c) If the state board determines that the operation of the conservation district is not administratively practicable and feasible, the state board shall deny the petition.