Requires the Office of the State Chief Information Officer and the Department of Administration to offer state and local governmental entities the option of purchasing refurbished computer equipment from registered computer equipment refurbishers. Requires state and local governmental entities to document savings from purchasing refurbished computer equipment and report the savings to the Office of State Chief Information Officer quarterly. Requires the Information Technology Procurement Office to establish a competitive purchasing process to support the initiative. Requires participating refurbishers to meet all established procurement requirements. Requires refurbished equipment purchased to conform to the same standards that the state may establish for the purchase of new computers. Requires the Office of the State Chief Information Officer to maintain data on equipment reliability, potential cost savings, and any issues associated with the initiative and report to the Joint Legislative Oversight Committee on Information Technology and the Fiscal Research Division by March 1, 2014, and quarterly thereafter.