The Constitutional Budget Reserve Fund (CBRF) was established on November 6, 1990, when Alaska voters approved adding Section 17 to Article IX of the State Constitution. Under this provision, all funds received by the State after July 1, 1990, from the resolution of disputes involving certain mineral-related revenues must be deposited into the CBRF.
The Alaska Legislature may appropriate funds from the CBRF to support state government operations, subject to specific constitutional conditions.
On July 1, 2000, the Twenty-First Legislature created a subaccount within the CBRF (the “Subaccount”). This Subaccount was liquidated on April 1, 2015, and its balance was transferred to the Main Fund.
In September 2025, the Subaccount was re-seeded with $50 million to support an investment in Digital Bridge III, authorized by the Commissioner of Revenue in July 2025.

 

Related Reports and Charts

GeFONSI, CBR and SBR Charts Includes historical asset balances, current year earnings and asset allocations

Annual Investment Reports Includes annual report on Constitutional Budget Reserve

CBRF Main

Target Asset Allocation

As of 7/1/2025

CBRF Subaccount

Target Asset Allocation

As of 7/29/2025