AK SJR9

Amends the permanent fund to allow appropriations only as specified in constitutional subsection (b), eliminating the provision that all fund income automatically deposits to the general fund unless otherwise provided by law.

Legislature must appropriate annually from the permanent fund to the general fund a percentage of the average market value of the fund for the preceding five fiscal years, capped at 5.5 percent.

Legislature must appropriate a portion of permanent fund withdrawals for dividend payments to eligible residents, with any changes to dividend amounts requiring voter approval in the next statewide election held more than 120 days after enactment.

Governor cannot veto or reduce appropriations made for dividend payments under this amendment, and dividend payment changes require a majority vote of state residents to take effect.

Legislature must also appropriate a portion of permanent fund withdrawals to the budget reserve fund, with amendments applying to fiscal years ending June 30, 2025, and thereafter.