The provisions of the "Local Public Contracts Law," N.J.S. 40A:11-1 et seq., to the contrary notwithstanding, the purchase of, or contracting for, advertisements in periodicals, or on radio, television, or cable television by the commission, shall be exempt from public bidding; provided, however, that in awarding a contract for such advertisements, the commission shall in each instance:
a. State in the resolution awarding the contract the supporting reasons for its action in the resolution awarding the contract;b. Forthwith cause to be printed once in a newspaper authorized by the commission to publish the legal advertisements thereof, a brief notice stating the nature, duration, service and amount of the contract; andc. Keep and make available for public inspection a copy of the resolution and the contract.