AK HJR18

Allows the legislature to appropriate up to 5 percent annually from the Alaska Permanent Fund to the general fund, calculated as the average of the fund's fiscal year-end market value for the first five of the preceding six fiscal years.

Permits the permanent fund to pay costs associated with investments made under the fund.

Changes permanent fund income from being deposited in the general fund to being retained in the permanent fund, except as otherwise provided by law.

Transfers the unencumbered balance of the earnings reserve account to the Alaska Permanent Fund principal on June 30, 2021.

Requires voter approval at the next general election; amendments apply to appropriations made for fiscal year ending June 30, 2022, and thereafter.