Finds that due to the fragmentation of state technology efforts and resources and the lack of a central coordinating body, the state is hindered in advancing innovation throughout the state. In addition, technology-based institutions vary significantly in their administrative overhead costs and vary in the methods used to calculate these costs. The legislature intends to create a central technology governing board that: Advances and ensures appropriate coordination among state technology institutions and agencies; eliminates duplication of services; sets the direction for current and future technology efforts through a strategic planning process; and establishes performance metrics and a prudent administrative overhead rate.