The General Assembly finds:
(1) It is the duty of the State of Arkansas to provide a general, suitable, and efficient system of free public schools to the children of the state under Arkansas Constitution, Article 14, § 1;
(2) The General Assembly is obligated to ensure the provision of an adequate and equitable system of education;
(3) The House Interim Committee on Education and Senate Interim Committee on Education conducted hearings in 2006 after the 2005 Supreme Court decision in Lake View School District No. 25 v. Huckabee, 364 Ark. 398 (2005);
(4) The Eighty-fifth General Assembly, in the First Extraordinary Session of 2006, implemented revisions to Arkansas law recommended by the House Interim Committee on Education and the Senate Interim Committee on Education based on the committees' findings following the 2006 hearings; and
(5) The acts passed upon the recommendation of the House Interim Committee on Education and the Senate Interim Committee on Education result in a system of public education that is adequate and equitable.