AK SJR9

Amends Article IX, Section 15 of Alaska Constitution to require permanent fund income be separately accounted for and appropriated only as specified in the section, replacing the previous provision allowing income to be deposited in the general fund.

Mandates the legislature annually appropriate at least 2 percent of the average market value of the fund's balance (based on five-year average) for resident dividend payments as provided by law.

Allows the legislature to appropriate additional funds to the general fund or permanent fund principal after the dividend appropriation, with total annual appropriations capped at 4.5 percent of the average fund balance.

Requires the earnings reserve account balance be deposited into permanent fund principal on June 30, 2019, establishing a transition mechanism for the new appropriation rules.

Directs the proposed constitutional amendments to be submitted to voters at the next general election in accordance with state law.