AK HJR41

Establishes the earnings reserve account as a separate constitutional account within the Alaska Permanent Fund to receive all income from the fund.

Allows the legislature to appropriate up to 4.75 percent annually from the earnings reserve account to the general fund, calculated based on the average market value of the permanent fund for the first five of the preceding six fiscal years.

Limits appropriations from the earnings reserve account to not exceed the account's balance.

Transitions the existing earnings reserve account established by law into the new constitutional earnings reserve account upon the effective date of the amendment.

Requires voter approval of the proposed constitutional amendments at the next general election.