The resolution SCR1020 proposes an amendment to the Arizona Constitution regarding the compensation of state legislators. If approved by voters, it would allow for the annual adjustment of legislators' salaries based on inflation or deflation, as measured by the U.S. Consumer Price Index. The adjusted salary would take effect on January 1 of each year, ensuring that the compensation reflects changes in the cost of living. The resolution also outlines the process for submitting this amendment to voters during the next general election.

Additionally, the resolution establishes a Commission on Salaries for Elective State Officers, which would be responsible for recommending salary rates for elected officials, including legislators. The commission's recommendations would be submitted to the Secretary of State and presented to voters for approval. If the voters accept the recommendations, they would become effective at the start of the next legislative session. This amendment aims to ensure that legislative salaries remain fair and relevant in the context of economic changes.