The resolution SCR1015 proposes an amendment to the Arizona Constitution that aims to protect the annual distribution rate from the Permanent State School Fund. Specifically, it seeks to constitutionally prohibit the state or any state officer from reducing this distribution rate below 6.9% of the average monthly market valuation of the fund for the previous five years until fiscal year 2036, unless certain conditions are met. Starting in FY 2036, any increase in expendable earnings from the fund must be appropriated for a statewide classroom teacher compensation program, which is intended to enhance the base salary and salary schedule for eligible teachers.

Additionally, the resolution outlines the process for potential reductions in the distribution rate, which can only occur with a three-fourths majority vote from both houses of the legislature and under specific circumstances, such as a decline in the fund's average monthly market values. The resolution mandates that the Secretary of State submit this proposition to voters in a special election in 2025, and it will take effect only if approved by the voters and proclaimed by the Governor. Overall, the resolution emphasizes the importance of maintaining funding for education and ensuring that teachers receive adequate compensation.