AK HJR10

Proposes constitutional amendments to the Alaska Permanent Fund limiting annual legislative appropriations to the general fund to no more than 5% of the average fiscal-year-end market value over the first five of the preceding six fiscal years

Requires all income from the permanent fund to be retained within the fund rather than deposited in the general fund, changing current law that allows income to go elsewhere

Transfers the unencumbered balance of the earnings reserve account into the permanent fund principal on June 30, 2027

New appropriation rules take effect for fiscal year ending June 30, 2028, and thereafter

Places the proposed constitutional amendments before voters at the next general election for approval