AK SJR8

Modifies Article IX, Section 15 of the Alaska Constitution to change permanent fund investment standards from "income-producing" investments to investments made "according to the prudent investor rule."

Adds a new subsection establishing that net permanent fund income available for distribution equals 5 percent of the fund's market value, but cannot exceed actual net income for the fiscal year.

Allocates 50 percent of income available for distribution to resident dividend payments and the remaining 50 percent to the general fund, unless the legislature adjusts the percentages.

Allows the legislature to amend the dividend distribution percentage every four years beginning in 2020, with a minimum floor of 35 percent for dividend payments.

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