The joint resolution proposes an amendment to Section 19 of Article III of the Florida State Constitution, aimed at enhancing the budget stabilization fund. The amendment seeks to increase the maximum amount that can be retained in this fund from 10% to 25% of the previous fiscal year's general revenue collections. Additionally, it mandates that the legislature must transfer either $750 million or the amount necessary to reach the 25% threshold into the fund each fiscal year, unless specific conditions are met that allow for suspension of this transfer. These conditions include instances where funds are withdrawn for critical state needs or emergencies, which would require a two-thirds legislative approval.

Furthermore, the resolution outlines the criteria for withdrawing funds from the budget stabilization fund, emphasizing that such withdrawals can only occur for covering revenue shortfalls or addressing emergencies, as defined by law. If the fund's balance exceeds 15% of revenue collections, the legislature may also withdraw funds for nonrecurring critical state needs, again requiring a two-thirds vote for approval. This amendment aims to ensure a more robust financial safety net for the state while providing the legislature with the flexibility to address urgent fiscal challenges.