AK HJR30

Proposes constitutional amendments to cap annual withdrawals from the Alaska Permanent Fund at 5% of the fund's average market value over the first five of the preceding six fiscal years

Requires 50% of authorized withdrawals to be distributed directly to eligible Alaska residents as dividends, without requiring legislative appropriation

Mandates all permanent fund income be retained and added to the principal, eliminating the current provision allowing income to be deposited in the general fund

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

Applies new withdrawal and distribution rules beginning with the fiscal year ending June 30, 2028, with voter approval required at the next general election