AK SJR9

Proposes constitutional amendment to limit annual appropriations from the Alaska Permanent Fund to no more than 5 percent of the average market value of the fund on June 30 for the preceding five of six fiscal years.

Removes requirement that all permanent fund income be deposited in the general fund, allowing income to remain in the fund or be appropriated under the new spending limit.

Transfers the unencumbered, unappropriated balance of the earnings reserve account to the Alaska Permanent Fund upon the effective date of the 2010 amendment.

Designed to protect the permanent fund from inflation and preserve its real value over the long term.

Amendment must be approved by Alaska voters at the next general election.