AK SJR23

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

Mandates that 50% of the authorized withdrawal amount be distributed directly to eligible Alaska residents as dividends, without requiring legislative appropriation

Requires all income from the Permanent Fund to be retained and added to the fund's principal, rather than deposited in the general fund

Transfers the unencumbered balance of the earnings reserve account into the Permanent Fund principal on June 30, 2027

Places the proposed constitutional amendments before voters at the next general election, with new rules taking effect for fiscal year ending June 30, 2028