If a valid petition requesting a change in the boundaries of a district or the dissolution of a district has been denied due to:

1. (1) the determination of the board after a public hearing; or

2. (2) the results of an election held on the local public question;

   the board may not consider a later petition containing the same request or a similar request until two (2) years after the denial of the original petition.

As added by P.L.136-1997, SEC.35.