Oil & gas trust fund

Alabama Trust Fund

Created by voter-approved Amendment 450 in 1985 to capture future revenues from sales of offshore drilling rights and from royalties on the resulting gas production, with an initial corpus of $333,583,680 and a further $467,002,694 transferred from the predecessor Heritage Trust Fund in 2001. It is managed by a board of directors responsible for oversight, investment policy and financial reporting. Annual distributions set by Amendment 856 flow to the State General Fund, county and municipal capital improvement funds, the Forever Wild Land Trust and the Alabama Senior Services Trust Fund.

Confirmed 24 August 2026

Type
Oil & gas trust fund
Funding
Commodity (oil & gas)
Established
1985
Assets
USD ~3 billion (AL Treasury disclosures)
Based in
Montgomery, AL, US
Region
North America
Investment focus
Public equity, Fixed income
Sector interests
Diversified
Style
Conservative, Long-term
Public profile
Low
Sources
Alabama State Treasury

Focus, sectors and style are compiled from public sources and industry listings, not confirmed with the fund.

Visit treasury.alabama.gov

Opens the fund’s own site in a new tab.

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