(1) Before or as soon
as practicable after budget day, a GTE’s board must —
(a)
adopt an annual performance statement for the budget year that has been
prepared in accordance with section 76; and
(b)
submit it to the Portfolio Minister and the Treasurer.
(2) If the annual
performance statement as adopted by the board is inconsistent with the
relevant budget papers, it is modified by this subsection to the extent
necessary to remove the inconsistency.
(3) Subject to
section 78, the annual performance statement as adopted by the board and
modified by subsection (2) becomes the GTE’s annual performance
statement for the budget year.