This resolution proposes amendments to the Alaska State Constitution concerning the Alaska Permanent Fund, its appropriations, and the distribution of the Permanent Fund Dividend (PFD). 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 designated by law. The resolution establishes a framework for annual appropriations from the Permanent Fund to the general fund, capped at 5.5% of the average market value of the fund over the past five fiscal years. Additionally, a portion of these appropriations is designated for dividend payments to eligible residents, with any changes to the dividend amount requiring voter approval.

The resolution also includes provisions for the transition of funds, specifying that by June 30, 2027, the balance of the earnings reserve account will be deposited into the Permanent Fund. It outlines the process for determining the percentage of the fund that can be appropriated and the amount allocated for dividends, ensuring that these laws are not enacted as appropriation bills. Finally, the proposed amendments will be presented to voters in the next general election, in accordance with state election laws.