The resolution proposes an amendment to Article XI, Section 8 of the Arizona Constitution, which pertains to the state's education funding. The amendment aims to establish a permanent state school fund specifically for common and high schools, sourced from the sale of public school lands, escheated estates, unclaimed corporate shares, and donations made for educational purposes. This fund is intended to ensure a stable financial foundation for educational institutions in Arizona.

Additionally, the resolution stipulates that the rental income from school lands, along with any other funds designated by law, will be allocated exclusively for common and high school education in the state. The proposed amendment will be submitted to Arizona voters for approval during the next general election, following the procedures outlined in the state constitution.