AK HJR1

Amends Article IX, Section 15 of Alaska Constitution to allow legislature to retain permanent fund income in a fund rather than requiring deposit to the general fund

Permits legislature to appropriate up to 5 percent annually of the average five-year ending market value of the permanent fund to the general fund

Allows permanent fund to pay costs associated with investments made under the fund

Transfers the unencumbered balance of the earnings reserve account (as of November 8, 2022) to the permanent fund principal on June 30, 2023

Proposed amendments require voter approval at the next general election and apply to appropriations for fiscal year ending June 30, 2024, and thereafter