AK HJR403

Creates new Article IX, Section 18 establishing that the unrestricted general fund surplus shall be determined annually as provided by law.

Requires 50 percent of the unrestricted general fund surplus to be transferred each year for dividend payments to eligible Alaska residents.

Directs the remaining 50 percent of the unrestricted general fund surplus to the budget reserve fund after the dividend transfer.

Repeals Article IX, Section 17(d) of the Alaska Constitution, effective for the fiscal year ending June 30, 2024, and thereafter.

Submits the proposed amendments to voters at the next general election in compliance with Alaska election law.