Requires the office of the chief information officer to: (1) Coordinate with certain state agencies to implement a technology business management program;

(2) In conjunction with the consolidated technology services agency, develop statewide standards for agency purchases of technology networking equipment and services; and

(3) Establish security standards and policies to ensure the confidentiality, availability, and integrity of the information in the state's information technology systems and infrastructure.

Requires the chief information officer to evaluate proposed information technology expenditures and establish priority ranking categories of the proposals.

Requires institutions of higher education to provide sufficient data and information on proposed expenditures on business and administrative applications to the chief information officer.

Requires legislative and judicial agencies of the state to submit information on proposed information technology expenditures to the chief information officer.

Authorizes the office of financial management to establish an information technology investment pool and enter into financial contracts for the acquisition of information technology projects for state agencies.

Requires the consolidated technology services agency, in consultation with the office of the chief information officer, to review and assess the current state telecommunications and information services network model of the executive branch with the objective of agency network consolidation into consolidated technology services.