AK HJR23

Amends Article IX, Section 15 of the Alaska Constitution to change permanent fund investment requirements from income-producing investments specifically designated by law to investments made according to the prudent investor rule.

Establishes that net income of the permanent fund shall be computed annually based on 5 percent of the fund's market value, not to exceed actual net income for the fiscal year.

Directs 33 percent of distributable income to be transferred for dividend payments to state residents, with the remaining income deposited in the general fund, both without requiring legislative appropriation.

Requires the legislature to provide annual dividend payments of not less than $1,250 per resident, with any shortfall to be covered by general fund appropriation.

Submits the proposed constitutional amendment to voters at the next general election.