This resolution proposes amendments to the Constitution of the State of Alaska concerning the Alaska Permanent Fund, which includes provisions for appropriations and dividend payments to eligible residents. Key changes include the stipulation that at least 25% of certain mineral revenues must be allocated to the Permanent Fund, with the principal to be used solely for income-producing investments designated by law. 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 this amount to be distributed as dividends to eligible residents without the need for appropriation.

Furthermore, the resolution outlines a transition plan for the amendments, stating that by June 30, 2027, the unencumbered balance of the earnings reserve account will be deposited into the Permanent Fund, becoming part of its principal. 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.