Creates the information systems improvement committee to: (1) Develop a series of recommendations for improving information technology and systems across state and local governments and determine how to maximize the state investment in these areas;

(2) Leverage the work of existing groups, efforts, and studies to avoid duplication of efforts;

(3) Develop an action plan using a collaborative and inclusive process, in order to build consensus and support for the recommendations;

(4) Create a governance subcommittee to make recommendations on information technology planning, funding strategies, portfolio ownership and management, and decision processes;

(5) Develop a dispute resolution process to resolve conflicts; and

(6) Identify pilot projects to test the recommendations developed by the subcommittees.

Requires the office of financial management's operating budget instructions to agencies to include collecting additional information for proposed information technology projects.

Requires the governor's budget to include an information technology plan.

Requires the office of financial management to institute a method of accounting for information technology-related expenditures.

Requires the director of financial management to direct the collection of additional information on information technology projects and submit an information technology plan.

Requires the information services board to coordinate with the office of financial management to develop contracting standards for information technology acquisition and purchased services and work with state agencies to ensure deployment of standardized contracts.

Expires the committee on March 31, 2012.