AK HJR7

Amends Alaska Constitution Article IX, Section 15 to allow the legislature to appropriate up to five percent annually from the Alaska Permanent Fund to the general fund, calculated based on the average fiscal year-end market value for the preceding five of six fiscal years.

Requires that a portion of annual appropriations from the permanent fund be allocated for permanent fund dividend payments to Alaska residents, with any changes to dividend amounts subject to voter approval in the next statewide election held more than 120 days after enactment.

Transfers the unencumbered balance of the earnings reserve account to the permanent fund principal on June 30, 2023, and makes these amendments effective for fiscal year 2024 and thereafter.

Prohibits laws that change dividend payment allocations from taking effect unless approved by a majority of voters, with the lieutenant governor preparing the ballot title and proposition.

Requires voter approval of the proposed constitutional amendments at the next general election under Article XIII, Section 1 of the Alaska Constitution.