AK SJR14

Proposes constitutional amendments to the Alaska Permanent Fund that would cap annual legislative appropriations to the general fund at 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 in the fund rather than deposited in the general fund, removing the current provision allowing disposition "as otherwise provided by law"

Authorizes additional appropriations from the fund specifically to pay investment management costs and operating expenditures

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; requires voter approval at the next general election