2006 New York Code - Online Reverse Auction Pilot Program.

 
    §  6-111.3  Online  reverse  auction  pilot  program. a. The mayor may
  create a pilot program to  determine  the  efficacy  of  online  reverse
  auctions.  The pilot program shall be for a period of twenty-four months
  during  which period the mayor shall conduct at least six online reverse
  auctions for purchase contracts chosen by the mayor the  combined  value
  of  which  shall  not  be less than six million dollars. For purposes of
  this section the term, "online reverse auction," shall mean  an  auction
  for  the  purchase  of  goods  by  the city which is conducted online in
  electronic interactive format during which potential vendors bid against
  one another to provide goods for the  city.  The  mayor  may  promulgate
  rules  to  implement  the  requirements of this section. The mayor shall
  submit a report to the Council and the Comptroller detailing the results
  of the online reverse auction pilot program no more than 60  days  after
  the completion of such pilot program.