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 previous 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 a transition period, specifying that the balance of the earnings reserve account will be deposited into the Permanent Fund by June 30, 2027. It outlines the process for determining the percentage of the fund that can be appropriated and the amount allocated for dividends at the time of the amendments' adoption. Furthermore, it stipulates that these amendments will apply to appropriations made for the fiscal year ending June 30, 2028, and mandates that the proposed amendments be presented to voters in the next general election.