Establishes the Information Technology Advisory Board (ITAB) to develop standard practices across state agencies, departments, and institutions regarding information technology (IT) systems management and procurement. The ITAB must do the following: 1) establish best business practices for the management of IT systems for use by all state IT functions; 2) establish professional training and continuing education guidelines to include requirements for IT industry certifications for state IT employees; 3) maintain process and data models for all major state government processes that require the use of IT systems for the storage, retrieval, and processing of data; 4) establish guidelines for the execution of an internal annual quality assurance review of the IT function across state agencies; and 5) by January 1, 2014, conduct, in conjunction with the Program Evaluation Division, a thorough study of state IT systems and processes. Prohibits a procurement of IT systems, hardware, software, or services having a total cost in excess of $10,000 from being authorized without first obtaining a statement of review and approval from ITAB.