When used for a reverse auction, an Internet purchasing site must do the following:
- (1) Provide information that the purchasing entity considers necessary or beneficial to potential bidders.
- (2) Display the amount of all bids previously submitted regarding the reverse auction for public viewing.
- (3) Conceal information that identifies a bidder.
- (4) Comply with this article.
As added by P.L.93-2004, SEC.9.