The Division of Elementary and Secondary Education shall develop and implement a comprehensive accountability system for Arkansas public schools and school districts that:
(1) Establishes clear academic standards that are periodically reviewed and revised;
(2) Maintains a statewide student assessment system that includes a variety of assessment measures;
(3) Assesses whether all students have equitable access to excellent educators;
(4) Establishes levels of support for public school districts; and
(5) Maintains information systems composed of performance indicators that allow the division to identify levels of public school district support and generate reports for the public.