AK HJR36

Modifies Alaska Permanent Fund income requirements to keep income separately accounted for and allow appropriations only as specified in constitutional provisions, rather than automatically depositing to the general fund.

Requires the legislature to appropriate at least 1.5 percent of the average market value of the fund (based on the previous five of six fiscal years) annually for resident dividend payments.

Allows the legislature to appropriate an additional amount to the general fund or fund principal after the dividend appropriation, with total appropriations capped at 5 percent of average fund market value.

Transfers the unencumbered balance of the earnings reserve account to the permanent fund principal on June 30, 2019, and makes these amendments effective for fiscal year ending June 30, 2020 and thereafter.

Requires the proposed constitutional amendments to be placed before voters at the next general election.