Any proposed school district created as a result of reorganization shall consist of adjoining territory. However, any plan for reorganization approved by the secretary of education prior to July 1, 2009, is exempt from this requirement. The secretary of education may waive this requirement for any proposed school district if the secretary deems it appropriate after considering the following factors:
(1) The academic program opportunities that would be available to students in the proposed school district in comparison to the academic program opportunities that would be available to those students under other proposals;(2) The buildings and equipment that exist in the proposed school district;(3) The economic viability of the proposed school district;(4) The natural community areas that exist within the confines of the proposed school district;(5) Transportation issues relative to the proposed school district;(6) The variety of activities that would be available to students in the proposed school district;(7) Student enrollment projections for the proposed school district; and(8) Property valuations and other taxation issues relative to the proposed school district.