This resolution proposes amendments to the Constitution of the State of Alaska concerning the Alaska Permanent Fund, which includes provisions for appropriations and distributions from the fund. Key changes include the stipulation that at least 25% of certain mineral revenues must be allocated to the Permanent Fund, and that the principal of the fund is to be used solely for designated income-producing investments. Additionally, the resolution allows the legislature to authorize annual withdrawals from the fund, capped at 5% of the average market value over the previous five fiscal years, with 50% of the withdrawn amount to be distributed as dividends to eligible residents without the need for appropriation.

Furthermore, the resolution outlines a transition plan for the earnings reserve account, mandating that its unencumbered balance be deposited into the Permanent Fund by June 30, 2027. The proposed amendments will be presented to voters in the next general election, ensuring public input on these significant changes to the management and distribution of the Alaska Permanent Fund.