AK SJR1

Amends Alaska Constitution Article IX, Section 15 to retain all permanent fund income in the fund rather than depositing it to the general fund, unless otherwise provided by law

Establishes an annual calculation at fiscal year-end based on five percent of average market value of the fund over the preceding six fiscal years, or twenty-one percent of net income over the preceding five fiscal years

Requires fifty percent of the greater amount calculated above to be transferred annually for dividend payments to state residents as provided by law

Allows remainder of calculated amounts to be appropriated to the general fund for state government costs and expenses

Transfers the unencumbered balance of the earnings reserve account to permanent fund principal by June 30, 2023, with amendments effective for fiscal year ending June 30, 2024 and thereafter; places amendments before voters at next general election