The resolution proposes an amendment to Article X, Section 7 of the Arizona Constitution, which pertains to the management of state and school lands. It establishes a framework for the creation of separate permanent funds for various grants made to the state, ensuring that any revenue generated from these lands is deposited into the corresponding permanent fund. The amendment prohibits the transfer of funds between different permanent funds and mandates that all funds be invested in safe, interest-bearing securities. A board of investment will be established to oversee the management of these funds, with specific investment guidelines to ensure prudent financial practices.

Additionally, the resolution outlines the distribution of earnings from these permanent funds, specifying that for certain fiscal years, distributions will be set at a percentage of the average monthly market values of the funds. It includes provisions for adjusting distributions based on market performance and emphasizes that appropriated funds should supplement, rather than replace, existing funding for basic state aid. The amendment will be submitted to voters for approval in a special election scheduled for August 5, 2025.