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, allowing a maximum withdrawal of 5.5% of the average market value of the fund over the past five fiscal years. Additionally, a portion of these appropriations must be allocated for dividend payments to eligible residents, with any changes to the dividend amount requiring voter approval.

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 changed through a voter-approved law. The proposed amendments will be presented to the voters in the next general election, ensuring public participation in the decision-making process regarding the Permanent Fund and its dividends.