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. 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.

Asset Allocation

Constitutional Budget Reserve Main Fund

Constitutional Budget Reserve Subaccount Fund

Related Reports and Charts

CBRF Balance
$11.70B as of 9/30/2014

Performance Results
& Market Value

Annual CBRF - Main Performance

Fiscal Year Market Value Return %
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%
2005 $1,731,492,219 3.80%

Annual Subaccount Performance

Fiscal Year Market Value Return %
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%
2005 $453,621,709 8.54%