AK SJR5

Proposes constitutional amendments to the Alaska Permanent Fund, requiring the legislature to annually appropriate from the fund to the general fund based on a percentage of the fund's average market value over the preceding five of six fiscal years, capped at 5.5%

Mandates the legislature appropriate a portion of the permanent fund draw for dividend payments to eligible Alaska residents, with the governor prohibited from vetoing or reducing dividend appropriations

Requires any law changing the dividend payment amount to be approved by Alaska voters in a statewide election held more than 120 days after enactment

Transfers the balance of the earnings reserve account into the permanent fund on June 30, 2027, with new appropriation rules applying to fiscal year 2028 and beyond

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