AK SJR10

Amends Alaska Constitution Article IX, Section 15 to change how permanent fund principal can be invested by replacing restrictive language with "investments made according to the prudent investor rule."

Establishes annual net income calculation for the permanent fund as of the last day of each fiscal year using generally accepted accounting principles.

Allocates income available for distribution (5% of fund market value, capped at actual net income) as follows: 40% for resident dividend payments, 40% to general fund, and up to 20% to fund principal to offset inflation.

Makes transfers for dividend payments and general fund deposits automatic, without requiring legislative appropriation.

Requires the proposed amendments be submitted to Alaska voters at the next general election for approval.