AK HJR31

Allows the legislature to appropriate up to five percent of the average year-end market value of the Alaska permanent fund (calculated from the first five of the preceding six fiscal years) to the general fund each fiscal year.

Permits the legislature to appropriate more than five percent in a fiscal year only upon an affirmative vote of five-sixths of the members of each house.

Authorizes the permanent fund to be used to pay costs associated with eligible income-producing investments.

Deposits the unencumbered balance of the earnings reserve account into the Alaska permanent fund principal as of June 30, 2021.

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