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. The subaccount is currently comprised of appropriations by the Legislature. The subaccount is managed in accordance with Alaska Statute 37.10.430(c). Investment earnings of the subaccount are retained therein.
Constitutional Budget Reserve Main Fund
Constitutional Budget Reserve Subaccount Fund