The resolution proposes amendments to the Alaska State Constitution regarding the Alaska Permanent Fund and its appropriations. 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. Additionally, it allows the legislature to appropriate up to 5% of the average market value of the Permanent Fund from the previous five fiscal years to the general fund each year, as well as funds for investment-related costs.

Furthermore, the resolution includes a transition provision stating that by June 30, 2027, the unencumbered balance of the earnings reserve account will be transferred to the Permanent Fund, becoming part of its principal. The amendments will take effect for appropriations made for the fiscal year ending June 30, 2028, and will be presented to voters in the next general election in accordance with state election laws.