AK SJR2

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

Removes requirement that all permanent fund income be deposited in the general fund unless otherwise provided by law.

Establishes annual net income computation as of the last day of the fiscal year, calculated as four percent of fiscal year-end market value but not to exceed actual net income.

Directs 50 percent of income available for distribution to dividend payments to Alaska residents and 50 percent to the general fund, both without requiring legislative appropriation.

Requires the proposed amendments to be placed before voters at the next general election in accordance with Alaska Constitution Article XIII, Section 1.