Constitutional Budget Reserve

The Constitutional Budget Reserve Fund (CBRF) was established November 6, 1990 when voters approved adding Section 17 to Article IX of the Constitution of the State. All money received by the State after July 1, 1990, through resolution of disputes about the amount of certain mineral-related income, must be deposited in the CBRF. The Legislature may, under certain conditions, appropriate funds from the CBRF to fund the operations of state government. The Twenty-First Legislature created a subaccount within the CBRF (Subaccount) effective July 1, 2000 which was liquidated on April 1, 2015 with the balance being transferred to the Main Fund.

Asset Allocation

Constitutional Budget Reserve Main Fund

Related Reports and Charts

CBRF Balance
$10.13B as of 7/31/2015

Performance Results
& Market Value

Annual CBRF - Main Performance

Fiscal Year Market Value Return %
2015 $10,101,380,473 0.84%
2014 $6,057,834,291 1.35%
2013 $5,764,021,059 1.45%
2012 $5,451,989,304 3.22%
2011 $5,164,041,923 2.64%
2010 $4,398,917,318 5.74%
2009 $3,317,456,698 5.68%
2008 $1,134,052,535 6.60%
2007 $1,980,658,620 5.74%
2006 $1,774,506,340 1.98%

Annual Subaccount Performance

Fiscal Year Market Value Return %
2015 $0 2.41%
2014 $6,721,892,952 15.88%
2013 $5,800,361,219 11.75%
2012 $5,190,408,296 0.48%
2011 $5,165,981,026 21.13%
2010 $4,264,954,606 12.33%
2009 $3,796,866,718 -15.01%
2008 $4,467,178,624 -6.18%
2007 $567,655,505 15.26%
2006 $492,518,649 8.57%