The resolution proposes amendments to the Alaska State Constitution concerning the Alaska Permanent Fund, its appropriations, and the distribution of dividends to residents. It mandates that at least 25% of all mineral-related revenues received by the state be allocated to the Permanent Fund, which is to be used solely for income-producing investments. The legislature is required to appropriate a percentage of the fund's average market value to the general fund each fiscal year, with a cap of 5.5%. Additionally, a portion of this appropriation must be designated for dividend payments to eligible residents, and any changes to the dividend amount must be approved by voters.

Furthermore, the resolution outlines a transition plan for the amendments, specifying that the balance of the earnings reserve account will be deposited into the Permanent Fund by June 30, 2027. It clarifies that the laws governing the percentage appropriated to the general fund and the amount allocated for dividends at the time of the amendments will remain in effect unless altered through voter approval. The proposed amendments will be presented to voters in the next general election, ensuring public participation in the decision-making process regarding the Permanent Fund's management and dividend distribution.