AK HJR2

Proposes constitutional amendment limiting Alaska permanent fund appropriations to 4.5 percent of the average market value of the fund on June 30 for the first five of six immediately preceding fiscal years

Removes language requiring all permanent fund income to be deposited in the general fund unless otherwise provided by law

Transfers the unencumbered, unappropriated balance of the earnings reserve account to the Alaska permanent fund upon effective date of the 2016 amendment

New appropriation limit first applies to fiscal year 2018, with fiscal year 2017 remaining subject to prior permanent fund rules

Requires amendment to be placed before voters at the next general election