The privatization contract, the service agreement, and any other purchase by the local government in connection with the privatization contract shall not be subject to the provisions of §§ 14-22-101 — 14-22-115, 14-58-201 — 14-58-203, 14-58-301 — 14-58-303, 14-58-305, 14-58-306 [repealed], 14-58-307, and 14-58-308 or any other law, rule, or regulation requiring competitive bids.