The resolution proposes an amendment to the Constitution of the State of Alaska to establish a dedicated public education fund. This fund will be created as a separate entity within the state treasury and will consist of land and money appropriated by the legislature, as well as proceeds from state taxes or licenses specifically designated for the fund. Additionally, all income generated from the fund will be reinvested to ensure competitive market returns. Notably, certain constitutional provisions will not apply to the assets of this fund, allowing for greater flexibility in its management.

Furthermore, the resolution stipulates that the funds within the public education fund can only be appropriated for public education purposes, as defined by law. To enact this amendment, it will be presented to the voters of Alaska during the next general election, in accordance with the state's constitutional and electoral procedures.