AK SJR6

Amends Article IX, Section 15 of Alaska Constitution to change permanent fund income treatment from being "deposited in the general fund unless otherwise provided by law" to being "retained in the fund" except as provided in new subsections.

Establishes a 5 percent annual appropriation limit from the permanent fund based on the average fiscal-year-end market value for the first five of the preceding six fiscal years.

Requires 50 percent of the maximum appropriation amount each fiscal year be transferred for permanent fund dividend payments to state residents, with the governor prohibited from vetoing or reducing these transfers.

Allocates up to 50 percent of annual appropriations for power cost equalization to equalize electricity costs statewide according to state law, with remaining appropriations available for the general fund.

Transfers unencumbered balances of the earnings reserve account and power cost equalization endowment fund into the permanent fund on June 30, 2023, with amendments effective for fiscal year ending June 30, 2024.

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