Proposed constitutional amendments to the Alaska Permanent Fund, including changes to fund withdrawals and dividend payments.

This bill proposes amendments to the Alaska Constitution concerning the Alaska Permanent Fund. It modifies the withdrawal limit from the fund to five percent of the average fiscal-year-end market value, effective for fiscal years starting June 30, 2028. It also mandates that half of the authorized withdrawal amount be distributed as dividends to eligible residents, with the remaining amount used for government operations. The bill includes provisions for the transition of the unencumbered balance of the earnings reserve account into the fund's principal by June 30, 2027.

Proposed constitutional amendments to the Alaska Permanent Fund, including changes to fund withdrawals and dividend payments.

This bill proposes amendments to the Alaska Constitution concerning the Alaska Permanent Fund. It modifies the withdrawal limit from the fund to five percent of the average fiscal-year-end market value, effective for fiscal years starting June 30, 2028. It also mandates that half of the authorized withdrawal amount be distributed as dividends to eligible residents, with the remaining amount used for government operations. The bill includes provisions for the transition of the unencumbered balance of the earnings reserve account into the fund's principal by June 30, 2027.