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

Requires the department of information services to submit a report on certain information for major information technology projects.