The authority may contract with and rely on one or more statewide economic development organizations in implementing this article. The authority may enter into such contracts, leases, agreements, and investments and may otherwise expend monies without compliance with Article 5 of Chapter 4 of Title 41 or Chapter 2 of Title 39. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no statewide economic development organization, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 5 of Chapter 4 of Title 41; Chapter 2 of Title 39; or Section 36-12-40.