This resolution proposes an amendment to the Constitution of Arizona, specifically amending Article X, Section 4, which pertains to state trust lands. The amendment seeks to clarify the conditions under which trust lands and their associated resources, such as leaseholds, timber, and other products, can be appraised, sold, or otherwise disposed of. The proposed changes include specifying that trust lands must be appraised at their true value before being offered for sale or disposal, and that no sale or disposal of trust land can occur for less than the appraised value or below a minimum price. Additionally, the amendment stipulates that sales on credit must be accompanied by ample security and that legal title does not pass until full payment is received.

The resolution requires the Secretary of State to submit the proposed amendment to the voters at the next general election, as outlined by Article XXI of the Arizona Constitution. If approved by the voters and proclaimed by the Governor, the amendment would become part of the state constitution, thereby altering the process and conditions for the sale or disposal of state trust lands in Arizona.